Full-Time
Underwriter
General Liability
Posted on 11/18/2024
Markel
1,001-5,000 employees
Specialty insurance and reinsurance provider
Mid
London, UK
Hybrid position requiring some in-office presence.
- Detailed understanding of the General Liability business line
- Strong relationship-building skills
- Ability to work collaboratively within a team and across the organization
- Proactive approach to seeking business opportunities
- Excellent communication and presentation skills
- Have a network of London and international distribution channels
- Underwriting Insights and Risk Acceptance
- Portfolio Management
- Underwriting Data Analysis and Claims Service
- Actuarial Concepts
- Wording Comprehension and Improvement knowledge
- Implement underwriting strategies and monitor progress
- Drive continuous improvements in processes and data management
- Demonstrate and advocate for our underwriting approach
- Contribute to the team’s underwriting strategy
- Attend broker and client meetings, representing Markel as required
- Develop and maintain strong broker relationships
- Apply appropriate underwriting and risk management practices
- Provide underwriting support to overseas offices and handle referral approvals
- Assist with portfolio management and project work
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'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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