Full-Time

Business Development Manager

Updated on 7/25/2026

Markel Group

Markel Group

51-200 employees

Three-engine financial holding: insurance, investments, ventures

Compensation Overview

$116k - $159.6k/yr

+ Bonus

No H1B Sponsorship

Chicago, IL, USA

Hybrid

Hybrid role; expect up to 50% travel; some on-site in Illinois.

Category
Business & Strategy (1)
Required Skills
Market Research
Forecasting
Marketing

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Requirements
  • 5+ years of business development/marketing experience working with Markel’s retail producers
  • Superior communication and interpersonal skills required
  • First hand understanding of team based decision making in an entrepreneurial environment required
  • Strong relationship development and negotiation skills required
  • Understanding of property, casualty, and professional liability underwriting and claims
  • Ability to work in a fast-paced environment, effectively handle ambiguity, and adapt to change
  • Proven experience to work effectively in a matrixed underwriting environment required
  • Ability to travel 50% or more, when appropriate
  • This role requires employees to drive, and fly, on a regular basis. Employees in this position are expected to maintain a valid driver’s license and acceptable DMV Motor Vehicle Record which will be pulled on an annual basis for verification.
Responsibilities
  • Build and maintain relationships with external trading partners, Markel Specialty national retail business development, underwriters, management teams and product line leaders.
  • Serve as conduit to facilitate exceptional communications, interactions, and workflows between underwriters and assigned producers.
  • Coordinate all assigned producer visits with underwriters, regional management team, senior leadership to ensure a consistent and effective marketing presence.
  • Actively search for opportunities to develop business for existing and new products with assigned brokers.
  • Create, coordinate, and execute marketing strategies with the regional underwriters and management teams that will focus on achieving underwriting profit and growth.
  • Provide consistent and effective communication to management regarding sales and marketing progress, forecasts, and results.
  • Research and analyze the needs and trends of the retail marketplace to ensure our relevance within assigned producers.
  • Increase visibility and brand awareness of Markel.
  • Promote cross marketing and renewal retention with assigned producers.
  • Enjoy industry reconnaissance.

Markel Group operates as a financial holding company with a three-engine model: specialty insurance, investments, and Markel Ventures (a portfolio of non-insurance businesses). Specialty insurance focuses on hard-to-place or niche risks, underwriting and managing risk through its insurance subsidiaries. Profits from the insurance businesses are reinvested into investments and into acquiring and holding profitable non-insurance companies, creating a diversified, resilient enterprise. The group’s investment engine uses generated earnings to fund external acquisitions and capital growth, while Markel Ventures builds a broad portfolio of long-term holdings in various industries. What sets Markel apart is its deliberate diversification across three connected engines and a long-term, capital-accumulation approach known as the

Company Size

51-200

Company Stage

Post IPO Equity

Headquarters

Glen Allen, Virginia

Founded

1930

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Simplify Jobs

Simplify's Take

What believers are saying

  • AI deployment drove 113% underwriting productivity growth without eliminating staff.
  • Microsoft 365 Copilot adoption boosted enterprise productivity with over 60% usage.
  • Share repurchase program targets 10% of outstanding shares over five years.

What critics are saying

  • Activist JANA Partners forces $2B tender offer with 40–60% probability in 6–12 months.
  • Russell index removal triggers passive fund selling with 50–70% probability in 1–3 months.
  • Skyward outpaces Markel in niche growth while concentration risk hits 37% of premiums.

What makes Markel Group unique

  • Three-engine model combines specialty insurance, investments, and Markel Ventures.
  • Long-term 'Markel Style' philosophy compounds capital across distinct business engines.
  • Specialty focus covers hard-to-place risks ignored by mainstream insurers.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Employee Stock Purchase Plan

Paid Vacation

Paid Holidays

Parental Leave

Flexible Work Hours

Remote Work Options

Hybrid Work Options

Company News

National Today
Apr 12th, 2026
Luma Capital Buys Stake in Markel Group - Richmond Today

Luma Capital S.A. SPF, an investment firm, purchased a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to a recent SEC filing. Luma Capital bought 7,032 shares of the insurance provider's stock, valued at approximately $15.1 million, making it the third-largest position in Luma Capital's portfolio.