Full-Time
Underwriter
War and Terrorism
Confirmed live in the last 24 hours
Markel
1,001-5,000 employees
Specialty insurance and reinsurance provider
Mid, Senior
London, UK
Hybrid position based in London.
- Wholesale and retail war and terrorism underwriting expertise required;
- Proven expertise in delivering superior underwriting results required;
- Broad understanding of claims, actuarial, product development, regulatory and compliance functions;
- Understand and enjoy working in a highly matrixed environment.
- High energy, ability to deliver outstanding written and verbal presentations, pro-active self-starter; flexible and spontaneous;
- Proven track record in setting and meeting objectives and impact and influencing peers and subordinates to 'buy in'
- Demonstrate strong numerical and analytical ability
- Have a network of London and international distribution channels
- Underwriting Insights and Risk Acceptance
- Work with underwriters and senior underwriters, divisional management and actuarial to implement the underwriting strategy and keep them informed of progress and developments
- Demonstrate sound and conservative underwriting judgement
- Apply appropriate underwriting practices including authority and guidelines control
- Prioritise the team’s underwriting strategy and adhere to it at all times
- Apply appropriate risk management practices including aggregations and guideline controls and any measures required to limit Markle’s exposure
- Travel to represent Markel as required by Divisional Management
- Actively keep knowledge and skills up-to-date through courses and seminars, where appropriate.
- Positively contribute towards the team’s underwriting strategy
- Attend regular broker and client meetings and travel to represent Markel as required by class head
- Develop strong relationships with existing and new brokers
- Actively seek business opportunities
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'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.
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