Full-Time

Underwriter/Senior Underwriter

Cyber, Tech/E&O

Posted on 4/8/2025

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Compensation Overview

$65k - $90k/yr

+ Bonus

Junior, Mid

No H1B Sponsorship

Chicago, IL, USA

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Marketing
Excel/Numbers/Sheets
Requirements
  • 1-2 years of Cyber/IT/Misc E&O underwriting experience in the Midwest Region of the USA preferred
  • Demonstrated technical knowledge and skills reflective of progression of positions of growing responsibility
  • Demonstrated marketing and relationship building skills
  • 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 interpersonal skills
  • Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed
  • US Work Authorization required.
Responsibilities
  • Review, analyze, accept, and decline wholesale and retail Cyber/IT & Misc E&O 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
  • Connect with regional managers and national Cyber/IT & Misc E&O 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
  • Build and maintain quality relationships with key producers while simultaneously supervising 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 landscapes.
Desired Qualifications
  • 1-2 years of Cyber/IT/Misc E&O underwriting experience in the Midwest Region of the USA preferred
  • Four year college degree and/or CPCU or similar designation preferred

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 yachts, ATVs, 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 supportive work environment.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for cyber insurance boosts Markel's specialty offerings.
  • InsurTech partnerships enhance Markel's customer experience and operational efficiency.
  • Growing gig economy creates demand for new insurance products Markel can provide.

What critics are saying

  • Leadership transitions may cause strategic misalignments at Markel.
  • MECO acquisition could pose integration challenges for Markel.
  • Departure of CIO Morris Taylor may lead to IT strategy gaps.

What makes Markel unique

  • Markel specializes in niche markets like agricultural and equine risks.
  • Markel offers unique coverage for event cancellations and inland marine collections.
  • Markel's flexibility and innovation drive its specialty insurance leadership.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan

Company News

Insurance Journal
Apr 23rd, 2025
Markel Insurance Restructures Markel Specialty, Appoints Leaders

Andrew McMellin has been appointed president, International, succeeding Simon Wilson, who was appointed to lead Markel Insurance in March.

National Retail Hardware Association
Apr 18th, 2025
NRHyA Members Showcase Artistic Talents in Annual NRHyA Art & Photo Contest

Thanks to this valued collaboration, the first-place entries in each category will be displayed at the prestigious museum during the 2025 6666 NRHA Derby presented by Markel - an unforgettable honor for its young artists.

Reinsurance News
Apr 16th, 2025
Markel to acquire specialist marine MGA MECO

Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA).

Yahoo Finance
Apr 7th, 2025
Genworth Names Morris Taylor Chief Information Officer

Taylor joins Genworth most recently from Markel, where he served as the Chief Information Officer since 2021.

Life Insurance International
Mar 24th, 2025
Markel expands Wholesale Claims team

Additionally, Markel has promoted Debbie Larkin to the position of claims manager - Energy, Liability and Terrorism; Rachel Tighe to claims manager - Professional Indemnity (PI), while Natalie Myhill steps into the role of claims manager - Financial Institutions (FI).

INACTIVE