Full-Time

Sr. Product Development Specialist

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

No salary listed

Senior

No H1B Sponsorship

Remote in USA

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Category
Product Management
Product Strategy
Product
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 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 seek better solutions and maintain a flexible approach. The company's goal is to lead in their industry by understanding customer needs and providing high-quality products and services while fostering a positive 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).