Full-Time

Senior Underwriter

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Senior

London, UK

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Extensive Marine & Energy Liability underwriting expertise
  • Experience of working for a Lloyd’s Syndicate or London market insurance company
  • Previous underwriting within an international Marine & Energy Liability book
  • Experience of operating as part of a leading Underwriter team
  • Excellent technical knowledge of underwriter assessment, wording and rating requirements
  • Established relationships with London market and overseas brokers
  • Strong broker and client-facing experience and ability
Responsibilities
  • Underwrite and manage a portfolio of marine and energy liability risks according to Markel’s underwriting principles and in line with authority limits
  • Manage your own book of business in line with appetite and strategy, including combined ratio targets
  • Understand and promote collaborative interaction with claims and other internal functions to develop policy wordings and coverage
  • Analyse and interpret data to enhance Markel’s underwriting capabilities
  • Develop strong relationships with new and existing brokers and clients

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and ATVs. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to innovate and find better solutions. The company's goal is to lead in their industry by understanding customer needs and providing high-quality products and services while fostering a supportive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Markel's expansion into Plano, Texas, supports its growth and operational capabilities.
  • The rise of parametric insurance products aligns with Markel's niche market focus.
  • Increased demand for cyber insurance presents opportunities for Markel's specialized products.

What critics are saying

  • Increased competition in specialty insurance could impact Markel's market share and profitability.
  • Geopolitical tensions in Asia Pacific may affect Markel's expansion and efficiency.
  • Climate change-related claims could lead to higher loss ratios for Markel.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and event cancellation insurance.
  • The company offers unique coverage for hard-to-place risks, such as oil rigs and yachts.
  • Markel's global presence and key hires enhance its operations in the Asia Pacific region.

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