Full-Time

Senior Product Development Specialist

Management Liability

Posted on 4/1/2025

Markel Group

Markel Group

51-200 employees

Three-engine financial holding: insurance, investments, ventures

Compensation Overview

$78k - $107.3k/yr

+ Bonus

No H1B Sponsorship

Richmond, VA, USA

Hybrid

Hybrid position; specific number of in-office days not mentioned.

Category
Product (2)
,
Requirements
  • Minimum 3 years of experience in the development of Management Liability insurance coverage forms required.
  • Ability to conceptualize and create insurance forms and endorsements.
  • Ability to interpret state laws and regulations as applicable to the insurance policy life cycle.
  • Proven analytical and problem solving skills.
  • Detail-oriented with strong interpersonal ability.
Responsibilities
  • Develop Management Liability policy forms, including D&O, EPL, and Fiduciary Liability, for new and revised coverages that clearly convey underwriting intent, demonstrate market competitiveness, and incorporate supportable language for the successful resolution of claims.
  • Identify and confirm compliance with applicable regulations.
  • Prepare applicable documentation to assist department members on accurate and timely submission of product filings and State Department of Insurance requests.
  • Assist, mentor, coach and proactively share knowledge in area of expertise with other PRS associates.
  • Foster and encourage strong relationships with internal stakeholders.
  • Participate in special projects as requested.
Desired Qualifications
  • Project management experience preferred.

Markel Group operates as a financial holding company with a three-engine model: specialty insurance, investments, and Markel Ventures (a portfolio of non-insurance businesses). Specialty insurance focuses on hard-to-place or niche risks, underwriting and managing risk through its insurance subsidiaries. Profits from the insurance businesses are reinvested into investments and into acquiring and holding profitable non-insurance companies, creating a diversified, resilient enterprise. The group’s investment engine uses generated earnings to fund external acquisitions and capital growth, while Markel Ventures builds a broad portfolio of long-term holdings in various industries. What sets Markel apart is its deliberate diversification across three connected engines and a long-term, capital-accumulation approach known as the

Company Size

51-200

Company Stage

Post IPO Equity

Headquarters

Glen Allen, Virginia

Founded

1930

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Simplify's Take

What believers are saying

  • Rising equine insurance demand in Europe and Asia Pacific boosts Markel International premiums.
  • AMF Bakery Systems gains from industrial baking automation and sustainable equipment trends.
  • Jump AI partnership cuts underwriting costs, improving Q1 2026's 93% combined ratio.

What critics are saying

  • JANA Partners forces Markel Ventures divestiture within 3-6 months, dismantling three-engine model.
  • Chubb undercuts Markel Global Reinsurance premiums by 10-15% in 12-24 months.
  • 2026 US hurricanes spike Markel Specialty combined ratio above 100% in 6-12 months.

What makes Markel Group unique

  • Markel Group deploys three-engine model of specialty insurance, investments, and Markel Ventures since 2005.
  • Covers hard-to-place risks like equine, marine, and museums via Markel Specialty and International.
  • Emulates Berkshire Hathaway by permanently holding diverse Ventures businesses like AMF Bakery Systems.

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People at Markel Group who can refer or advise you

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Employee Stock Purchase Plan

Paid Vacation

Paid Holidays

Parental Leave

Flexible Work Hours

Remote Work Options

Hybrid Work Options

Company News

National Today
Apr 12th, 2026
Luma Capital Buys Stake in Markel Group - Richmond Today

Luma Capital S.A. SPF, an investment firm, purchased a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to a recent SEC filing. Luma Capital bought 7,032 shares of the insurance provider's stock, valued at approximately $15.1 million, making it the third-largest position in Luma Capital's portfolio.

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