Full-Time

Executive Underwriter

Inland Marine

Posted on 10/25/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Senior

No H1B Sponsorship

Shrewsbury, NJ, USA

Hybrid working schedule of 3 days in the office and 2 days remote.

Category
Insurance
Finance & Banking
Required Skills
Marketing
PowerPoint/Keynote/Slides
Requirements
  • 10+ years of experience in profitable Inland Marine underwriting required
  • Demonstrated technical knowledge and skills reflective of advanced professional liability understanding
  • Must have excellent oral and written communication skills
  • Proven exceptional customer service skills
  • Technologically savvy; proficient in Excel, Word, Powerpoint, and Outlook as well as a comfort utilizing new tools and web applications
  • Strong analytical, organizational, risk assessment and time management skills
  • Four year college degree and/or RPLU designation preferred
  • Must be a team player with a positive attitude that enjoys a flexible and spontaneous business environment
  • Flexible to travel, approximately 25% when appropriate
Responsibilities
  • Communicate effectively and timely with underwriting management and national product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems, procedures, opportunities, and strategy when appropriate
  • Underwrite new and renewal business that will produce an underwriting profit
  • Review submissions and identify exposure and risk from information provided as well as additional information required from producers
  • Review terms, conditions and pricing for adequacy
  • Manage and handle related account servicing
  • Work effectively to integrate support staff into daily operations to increase efficiencies
  • Use the various tools available to maximize success rate
  • Implement corrective measures on renewal accounts as needed
  • Monitor producers for profitability and production
  • Market products to producers by coordinating marketing plan with regional and national marketing associates
  • Participate in audits and/or underwriting meetings as required

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their insurance offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance for weddings and concerts, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles like yachts and motorcycles. 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 a commitment to understanding customer needs, which allows them to deliver quality service and innovative solutions. The company's goal is to lead in their industry by continuously improving their offerings and fostering an environment where employees can thrive and contribute to the company's success.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent investments from firms like Lighthouse Investment Partners and Swedbank AB indicate strong market confidence in Markel's growth potential.
  • Expansion into new office space in Plano, Texas, reflects Markel's ongoing growth and commitment to increasing its operational capacity.
  • Key hires and promotions, such as the appointment of a new Chief Strategy Officer, signal a robust leadership team focused on strategic growth.

What critics are saying

  • The specialized nature of Markel's insurance offerings may limit its market size compared to more diversified insurers.
  • Expansion efforts, such as those in Asia Pacific, require careful management to avoid overextension and ensure sustainable growth.

What makes Markel unique

  • Markel's focus on niche markets like agricultural risks, event cancellation, and inland marine coverage sets it apart from traditional insurers.
  • The company's commitment to innovation and flexibility allows it to adapt quickly to market changes, unlike more rigid competitors.
  • Markel's global presence and strategic hires in Asia Pacific enhance its ability to serve diverse markets with specialized insurance solutions.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE