Do you have a background within Underwriting within Power?

Come and work with our Wholesale team here at Markel

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realise our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity:

We have an exciting opportunity for a Senior Underwriter - Power to join the Markel team in our London office. Power is part of the Sustainable Energy and Power division, a subset of the Marine & Energy division of Markel International’s Wholesale book.  We have staff around the world with a significant presence in Asia and the US, in addition to the London market and can write business on both Company and Syndicate 3000 paper at Lloyd’s.

Our teams operate as ‘One Wholesale’, working together towards our goal to be one of the world’s great speciality insurers. We work collaboratively both within Wholesale and across the wider Markel organisation, and because we work as one we are able to create the best solutions possible for our clients, and provide exceptional development opportunities for our staff.

Power sits alongside Renewable Energy in our Sustainable Energy and Power division. We setup our Power offering at the beginning of 2024, following feedback from our Major Trading Partners that to continue being a leading Insurer in the Sustainable Energy and Power space, we needed to offer the full suite of Insurance Products.

The Sustainable Energy and Power team is comprised of 7 underwriters, an engineer and a graduate, located across our London and Singapore offices. Our team’s primary expertise is withing the Renewable Energy space, therefore, we are recruiting for a dedicated, technical Power underwriter, who can complement our Renewables offering and support and direct our strategy for growth in Power. 

We are committed to technical underwriting and support our decision making with experienced engineering expertise. Our customers are the most valuable stakeholders in the value chain and we work closely with our claims team to deliver the best possible experience. A great emphasis is placed on long term partnerships with both brokers and assureds and we travel extensively to build and maintain distribution networks and client relationships across the Globe.

What you’ll be doing:

• Work with your line manager and Divisional Director for Sustainable Energy and Power to develop and implement the underwriting strategy and business plan for the London market and other global hubs, building a long-term and profitable book of Power business

• Develop strong relationships with new and existing brokers

• Be active in marketing the Power product, including international travel and representing Markel as required in meetings, conferences and other such events

• Demonstrate sound underwriting judgement whilst continuously scrutinizing performance against plan and adjusting approach as required

• Apply appropriate risk management practices including aggregation management, governance controls and any measures required to monitor exposures within plan / agreed limits

• Providing underwriting support to overseas offices and handling of referral approvals

• Champion continuous development of associates to ensure all team members reach their potential

• Monitor and report on portfolio performance

• Seek and implement continuous improvements in end to end processes and data management

• Prioritise customer experience with best in class response times to all stakeholders

Our must haves:

• Have proven experience within the Power insurance market

• Have a detailed understanding of the business line with a technical grasp of current risk factors and underwriting concerns, as well as an understanding of the global insurance marketplace

• Demonstrate strong numerical and analytical ability

• Have excellent communication skills

• Have a network of London and international distribution channels

• Demonstrate being an active member of a team and contribute in an open environment

• Be enthusiastic, proactive, and someone who strives for excellence in everything they do

Who we are:

Markel Corporation (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further

What’s in it for you:

• A great starting salary plus annual bonus & strong benefits package…

• 25 days paid holiday plus Bank Holidays, with the opportunity to buy / sell extra leave

• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer

• There are countless opportunities to learn new skills and develop in your career, and we can provide the support needed to do just that!

Are you ready to play your part?

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [email protected] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.