Full-Time

Senior Underwriter

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Senior

Leeds, UK + 2 more

More locations: Birmingham, UK | Manchester, UK

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

Category
Insurance
Finance & Banking
Requirements
  • Strong experience of financial lines underwriting including Professional liability, Cyber and Management risks ideally
  • The ability to review wordings, lead in the complexities of drafting clauses / endorsements and tailored wordings
  • Excellent written and spoken communication skills
  • A high level of accuracy and attention to detail
  • Consistent record in building and developing broker relationships
  • Ability to regularly analyse competitors’ products, capabilities and appetite and share within the team
  • Ability to renew business whilst maintaining underwriting discipline
  • ACII and/or similar qualification preferred
Responsibilities
  • Handle a portfolio and risks, underwrite large and complex renewal cases within the defined underwriting authority
  • Collaborate with the Markel Claims team on claims on complex cases to ensure best outcomes for policyholders and Markel
  • Demonstrate and promote a thorough knowledge of company guidelines and authority levels in order to achieve profitability and underwriting objectives
  • Provide excellent service to our brokers, prioritising renewals and mid-term adjustments to ensure deadlines are met and maximising our business development opportunities
  • Attend underwriting and broker meetings as required throughout the year and to provide insight into developments, trends and feedback on market conditions
  • Handle renewal cases working as appropriate with the broker to secure renewal and upsell/ cross-sell additional covers
  • Build and maintain excellent working relationships with the technical department and the wider business
  • Develop team members’ technical knowledge through mentoring, day to day underwriting referrals and exposure to underwriting risks
  • 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 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 recreational vehicles such as 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 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 Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for cyber insurance offers growth opportunities for Markel.
  • AI and machine learning improve Markel's underwriting efficiency and risk assessment.
  • Markel's expansion in Asia Pacific strengthens its global presence and growth potential.

What critics are saying

  • Increased competition in specialty insurance may pressure Markel's market share.
  • Climate change-related claims could impact Markel's underwriting profitability.
  • Geopolitical tensions in Asia may affect Markel's expansion and operations.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and event cancellation insurance.
  • Markel's investment in Certa enhances its tax and contingent risk insurance offerings.
  • Markel's flexible and innovative approach fosters a unique corporate culture.

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