Full-Time

Senior Business Development Manager

Posted on 10/25/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Senior

London, UK + 6 more

More locations: Croydon, UK | Leeds, UK | Birmingham, UK | Sheffield, UK | Manchester, UK | Rugby, UK

Hybrid work model indicated by #LI-Hybrid.

Category
Business Development
Business & Strategy
Required Skills
Sales
Requirements
  • Strong previous experience working in business development/sales in commercial lines insurance
  • Previous experience with securing and onboarding new Partners in the membership groups space would be desirable
  • Excellent communication skills, both written and oral and the ability to confidently present and develop pitches for new business opportunities
  • Self-motivation and proactivity, able to work independently, sourcing new leads as well as fulfilling key development tasks working as part of a wider development team
  • Excellent time keeping and a methodical working structure
  • A good understanding and basic use of key applications, such as MS PowerPoint, Excel and Word
Responsibilities
  • Development of new sales to prospective Partners, both for BTE and wider Markel product & services distribution
  • Further develop the Partnership’s proposition in line with channel new business campaigns
  • Build a pipeline of new business prospects, engaging with new contacts and establishing relationships
  • Using your network to identify new prospects that fit with our Partnership’s strategic aims and build a market profile of Markel and the Partnerships channel
  • Build solid relationships with key internal teams, including underwriting, claims, marketing, compliance and legal
  • Develop awareness of competition and competitors’ actions, and feedback into the channel and marketing team
  • Be the centre point for all new business enquiries that are driven from multiple sources, including internal from across the wider Markel network, marketing campaigns, referrals and own generated network

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their products 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 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

  • Growing demand for cyber insurance presents expansion opportunities for Markel.
  • InsurTech partnerships can improve Markel's customer experience and operational efficiency.
  • The gig economy's rise offers a new market for tailored insurance products.

What critics are saying

  • Increased competition in specialty insurance may pressure Markel's profit margins.
  • Climate change-related claims could impact Markel's financial stability.
  • Geopolitical tensions in Asia Pacific might disrupt Markel's business operations.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and event cancellation insurance.
  • The company offers unique coverage for hard-to-place risks, such as environmental pollution.
  • Markel's investment in Certa enhances its focus on tax and contingent risk insurance.

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