Full-Time

Underwriter

Posted on 11/20/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Entry, Junior

Leeds, UK

Requires 3 days in the office and 2 days from home.

Category
Insurance
Finance & Banking
Requirements
  • demonstrable underwriting experience, ideally in social welfare/care risks, although commercial insurance will be fine
  • excellent written and spoken communication skills
  • a high level of accuracy and attention to detail
  • a track record in building and developing broker relationships
  • good IT skills including MS Office and ideally systems including the broker e-trading platform
  • shown ability to renew business whilst maintaining underwriting discipline
  • be studying for/or be willing to study for CII qualifications – you will be supported and fully funded in the study for this qualification by the company
Responsibilities
  • provide an excellent service to our brokers, prioritising renewals and mid-term adjustments and referrals whether emanating from our broker e-trading platform or by email/phone to ensure deadlines are met
  • underwriting renewals within the defined underwriting authority
  • actively handle and provide an efficient service to brokers to maintain good relationships
  • attend underwriting meetings as required throughout the year where you’ll provide insight into developments, trends and feedback on market conditions
  • handle renewal cases, working with the broker to secure renewals as well as upselling and cross-selling additional covers
  • build and maintain excellent working relationships with the Technical Teams in Leeds and the wider business
  • assisting the team and wider business with ad hoc projects

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their insurance offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance for weddings and concerts, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles like yachts 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 a commitment to understanding customer needs, which allows them to deliver quality service and innovative solutions. The company's goal is to lead in their industry by continuously improving their offerings and fostering an environment where employees can thrive and contribute to the company's success.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent investments from firms like Lighthouse Investment Partners and Swedbank AB indicate strong market confidence in Markel's growth potential.
  • Expansion into new office space in Plano, Texas, reflects Markel's ongoing growth and commitment to increasing its operational capacity.
  • Key hires and promotions, such as the appointment of a new Chief Strategy Officer, signal a robust leadership team focused on strategic growth.

What critics are saying

  • The specialized nature of Markel's insurance offerings may limit its market size compared to more diversified insurers.
  • Expansion efforts, such as those in Asia Pacific, require careful management to avoid overextension and ensure sustainable growth.

What makes Markel unique

  • Markel's focus on niche markets like agricultural risks, event cancellation, and inland marine coverage sets it apart from traditional insurers.
  • The company's commitment to innovation and flexibility allows it to adapt quickly to market changes, unlike more rigid competitors.
  • Markel's global presence and strategic hires in Asia Pacific enhance its ability to serve diverse markets with specialized insurance solutions.

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