Full-Time

Sr. Underwriter/ Underwriting Specialist

Excess & Umbrella

Updated on 12/20/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Compensation Overview

$65k - $90kAnnually

+ 35% Bonus Potential

Senior

No H1B Sponsorship

Boston, MA, 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
PowerPoint/Keynote/Slides
Requirements
  • 5+ years of experience working with retail insurance agents preferred
  • Demonstrated technical knowledge and skills reflective of progression of increasing responsibility
  • Excellent oral and written communication skills
  • Strong analytical, organizational, and time management skills; demonstrated ability to multi-task
  • Must be a team player that enjoys a flexible and spontaneous business environment
  • Self-sufficient with demonstrated ability to overcome obstacles
  • Takes ownership and responsibility for decisions and outcomes
  • Strong work ethic and sense of urgency
  • Proficiency in Microsoft Office suite applications (Outlook, Word, Excel and PowerPoint)
  • Ability to travel up to 25%
Responsibilities
  • Communicate with underwriting management and product line leader on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures
  • Review submissions and identify exposure and risk from information provided
  • Support and learn from those who profitably underwrite and select new business
  • Review terms, conditions and pricing
  • Handle related servicing for renewals and new business
  • Implement corrective measures on renewal accounts as needed
  • Participate in audits and/or underwriting meetings as required
  • Attends internal and external meetings

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their products 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 motorcycles. Markel's approach emphasizes understanding customer needs and delivering quality service, while fostering a workplace culture that encourages personal growth and teamwork. Unlike many competitors, Markel prioritizes flexibility and spontaneity in its operations, aiming to continuously improve and innovate. The company's goal is to lead in its industry by providing tailored insurance solutions and maintaining a commitment to integrity and excellence.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for cyber insurance presents expansion opportunities for Markel's specialty offerings.
  • ESG investing trends align with Markel's expertise in environmental liability coverage.
  • Expansion in Asia's art market boosts demand for Markel's inland marine coverage.

What critics are saying

  • Increased competition in specialty insurance could impact Markel's market share.
  • Rising natural disasters may lead to higher claims and underwriting losses.
  • Regulatory changes post-Brexit could affect Markel's reinsurance and tax insurance operations.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and environmental pollution insurance.
  • The company offers unique coverage for hard-to-place risks, such as inland marine and yachts.
  • Markel's investment in Certa enhances its tax and contingent risk insurance offerings.

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