Full-Time

Senior Underwriter/Underwriting Specialist/Executive Underwriter: Energy

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Compensation Overview

$84k - $160k/yr

+ 25% Bonus Potential + 30% Bonus Potential

Senior

No H1B Sponsorship

Shrewsbury, NJ, USA + 1 more

More locations: New York, NY, USA

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

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Marketing
Excel/Numbers/Sheets
Requirements
  • 6+ years of complex retail Energy Casualty underwriting experience
  • Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility
  • Demonstrated marketing and relationship building skills
  • Excellent oral and written communication skills
  • Microsoft Office skills to include MS Word and MS Excel
  • Strong analytical and organizational skills
  • Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed
  • Up to 25% travel (when appropriate)
Responsibilities
  • Underwrite new business and renewals in a profitable manner and according to authority level and established guidelines
  • Review, analyze, accept, and decline Energy risks with a focus on the power generation and renewable energy industry to ensure profitability for Markel
  • Manage the existing renewal book and implement corrective measures, as needed, to meet profitability expectations
  • Communicate with UW Manager and national Energy product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate
  • Participate in audits and/or underwriting meetings as required
  • Build and maintain quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production
  • Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape
  • Provide training or technical assistance to department underwriting staff
Desired Qualifications
  • Four year college degree and/or CPCU or similar designation preferred

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 yachts, ATVs, 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 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 delivering quality products and services while fostering a supportive work environment.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for event cancellation insurance boosts Markel's growth potential.
  • Growing interest in environmental pollution insurance aligns with Markel's niche offerings.
  • Digital platforms enhance customer experience and streamline operations for Markel.

What critics are saying

  • Increased competition in specialty insurance could challenge Markel's market position.
  • Potential reputational risk from recent lawsuit may impact customer trust.
  • Leadership transitions could lead to strategic shifts affecting company operations.

What makes Markel unique

  • Markel specializes in hard-to-place risks for niche markets like equine and environmental.
  • Markel's flexibility and innovation drive its leadership in specialty insurance and reinsurance.
  • Markel's commitment to integrity and teamwork enhances its reputation in the insurance industry.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan

Company News

Bloomberg Law
Mar 18th, 2025
Markel Drops Suit Against New York Landlord Over Bias Probe

A Markel Group Inc. insurance unit and a New York property management company agreed to toss a coverage dispute over legal defense and settlement costs in an investigation by New York Attorney General Letitia James (D) into alleged discriminatory housing practices.

Procurement Magazine
Mar 17th, 2025
Markel Group appoints Simon Wilson as Chief Executive Officer of Markel Insurance

Markel Group appoints Simon Wilson as Chief Executive Officer of Markel Insurance.

Procurement Magazine
Mar 17th, 2025
Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors

Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors.

MarketBeat
Mar 14th, 2025
Proficio Capital Partners LLC Invests $169.85 Million in Markel Group Inc. (NYSE:MKL)

Proficio Capital Partners LLC invests $169.85 Million in Markel Group Inc. (NYSE:MKL).

MarketBeat
Mar 12th, 2025
Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Markel Group Inc. (NYSE:MKL)

Generali Investments CEE investicni spolecnost a.s. Makes new Investment in Markel Group Inc. (NYSE:MKL).