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

Fintech
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 products cover a wide range of areas, including agricultural and equine risks, event cancellation insurance, reinsurance for large enterprises, and coverage for fine art collections and environmental pollution. Markel's approach emphasizes understanding customer needs and delivering quality service, while fostering a workplace culture that encourages personal growth and teamwork. Unlike many competitors, Markel prioritizes flexibility and spontaneity in its operations, aiming to continuously improve and innovate. The company's goal is to lead in its industry by providing tailored insurance solutions and maintaining a commitment to integrity and excellence.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Markel's expansion in Asia Pacific strengthens its global presence and growth potential.
  • The rise of parametric insurance products aligns with Markel's innovative offerings.
  • Increased demand for cyber insurance presents a growth opportunity for Markel's specialty products.

What critics are saying

  • Increased competition in specialty insurance could pressure Markel's market share and profitability.
  • Climate change-related claims may impact Markel's underwriting profitability in key sectors.
  • Regulatory changes in Asia Pacific could pose compliance challenges for Markel's expansion.

What makes Markel unique

  • Markel specializes in hard-to-place risks for niche markets like agriculture and equine.
  • The company offers unique coverage options such as event cancellation and inland marine insurance.
  • Markel's commitment to innovation and integrity sets it apart in the insurance industry.

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