Full-Time

Underwriting Specialist

Excess & Umbrella

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Compensation Overview

$105k - $140kAnnually

+ Bonus Potential

Senior

No H1B Sponsorship

San Francisco, CA, USA + 6 more

More locations: Canoga Park, Los Angeles, CA, USA | Irvine, CA, USA | Henderson, NV, USA | Scottsdale, AZ, USA | Lake Oswego, OR, USA | Denver, CO, USA

Hybrid working schedule of 3 days in the office and 2 days remote.

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • 6+ years of complex retail umbrella and excess underwriting experience
  • Four year college degree and/or CPCU or similar designation preferred
  • Excellent oral and written communication skills
  • Microsoft Office skills to include MS Word and MS Excel
  • Strong analytical and organizational skills
  • Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed
  • Up to 25% travel (when appropriate)
Responsibilities
  • Review, analyze, accept, and decline umbrella and excess risks to ensure profitability for Markel.
  • Underwrite and select new business that will produce an underwriting profit.
  • Manage the existing renewal book and implement corrective measures, as needed, to meet profitability expectations.
  • Communicate with UW Manager and national umbrella and excess product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate.
  • Participate in audits and/or underwriting meetings as required.
  • Build and maintain quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production.
  • Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape.
  • Provide training or technical assistance to department underwriting staff.

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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