Full-Time

Development Underwriter

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Junior, Mid

Birmingham, UK + 1 more

More locations: Rugby, UK

Hybrid role with some office and broker visits required.

Category
Insurance
Finance & Banking
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • Proven relevant underwriting experience in an underwriting role and demonstrable technical skills
  • Track record in building and developing broker relationships
  • Background and experience in Professional Indemnity and Directors and Officers classes of business desirable
  • Have excellent communication skills
  • Demonstrable IT skills including MS Office, Word, PowerPoint & CRM and show willingness to learn our systems
  • Proven ability to win business whilst maintaining underwriting field
Responsibilities
  • Provide and maintain a good level of underwriting, demonstrate a thorough knowledge of company guidelines and authority levels, including the Markel process and procedure guides in order to achieve profitability objectives
  • Underwrite complex new business within the defined underwriting authority
  • Actively manage and provide an efficient new business service to brokers to maintain good relationships and to achieve best outcome and win business
  • Responsible for the performance of the Central or South East brokers developing robust relationships
  • Develop new broker relationships as identified and in conjunction with the Broker Development Director to demonstrate our capabilities to ensure Markel is a preferred provider of insurance for PMR
  • Provide input into the Head Of Financial Lines reporting on broker activity and new business production
  • Provide a quarterly update to the Head of Financial Lines and Broker Development Director on key performance criteria for brokers and team performance and development
  • Maintain broker data on the CRM system to ensure it is up to date and accurate
  • Work with team to identify and secure prospects and opportunities from Central or South East broker panel recording on the CRM system in accordance with the CRM Working Practices guide
  • Promote a coaching and mentoring culture which provides both challenge and support to each team member in the pursuit of a consistent and high quality underwriting service and approach
  • Develop team members’ technical knowledge through day to day underwriting referrals and exposure to underwriting more complex risks
  • Developing pipeline with partner brokers to drive growth
  • Work closely with internal partners to deliver the right outcomes for allocated brokers and their customers

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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