Full-Time

Business Development Specialist

Posted on 8/5/2025

Markel Group

Markel Group

51-200 employees

Three-engine financial holding: insurance, investments, ventures

Compensation Overview

$62.4k - $85.8k/yr

+ Bonus

No H1B Sponsorship

Boston, MA, USA + 1 more

More locations: Providence, RI, USA

Hybrid

Category
Business & Strategy (1)
Required Skills
Lead Generation
Word/Pages/Docs
Salesforce
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • 2+ years of experience in admitted (retail) insurance underwriting, insurance business development or sales
  • Flexible to travel when appropriate 50-75% of the time, which could be a combination of local/day trips and overnight travel in the region
  • Demonstrated technical knowledge and skills reflective of progression of increasing responsibility
  • Must have excellent oral and written communication skills, and skilled presentation aptitude
  • Technologically savvy; proficient in Excel, Word, Powerpoint, and Outlook
  • Strong analytical, organizational, risk assessment and time management skills
  • Must be a team player that enjoys a flexible and spontaneous business environment
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • Build strong relationships within assigned agent base to enhance brand awareness, educate agents on Markel's products, appetite and systems, and to maximize flow of qualified submission activity to underwriting
  • Develop and leverage strong working knowledge of all Markel divisions, products, and services, with primary emphasis on small business Work Comp, BOP, and Specialty packages
  • Develop business strategies that will maximize the agents’ business and lead to increased Markel business. Strategically focus time and efforts to prioritize top relationships with best opportunity for success
  • Influence agents to move business to Markel - collaborate with underwriting to solution deal terms needed to win business; make decisions on whether new strategies, additional education, pricing and/or commission changes, incentive plans, or other initiatives should be deployed to enhance growth with an agency
  • Understand each agency's operation completely to find opportunities across multiple product offerings, and engage additional Markel resources where appropriate
  • Find other avenues to sale (i.e. other distribution channels). Stay current on product, market, and industry knowledge in assigned region.
  • Build strong relationships with underwriting and product line; support underwriter engagement with agents, and retention of profitable business; communicate market feedback and product line suggestions to keep Markel as relevant as possible in the marketplace
  • May assist on special projects
  • High volume of travel expected in the region

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

Simplify Jobs

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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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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