Senior Underwriter

Posted:
9/5/2024, 11:31:27 PM

Location(s):
London, England, United Kingdom ⋅ England, United Kingdom

Experience Level(s):
Senior

Field(s):
Business & Strategy ⋅ Growth & Marketing ⋅ Sales & Account Management

Ready to elevate your underwriting career within a dynamic Transport and Logistic team?

We are looking for someone who can drive market strategy and strengthen both new and existing relationships.

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 realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity:

To join a successful team underwriting and managing a portfolio of port, terminal and marine trade risks aligning to Markel’s underwriting principles and authority limits. You will be managing and seeking to grow your own book of business in line with appetite, strategy and combined ratio targets

What you’ll be doing:

  • Understand and promote collaborative interaction with claims and other internal functions to develop policy wordings and coverage
  • Analyse and interpret data to enhance Markel’s underwriting capabilities
  • Develop strong relationships with new and existing brokers and clients
  • Provide input into the broker/customer engagement plan for a portfolio of brokers and use this to drive quote requests and conversion.  Influence brokers and advance Markel's interests through strong interpersonal and presentation skills.  Cultivate established relationships with brokers and end-customers, with the capability to discuss complex risks/solutions and win customer confidence and business/technical sales
  • Understand the competitive environment and the differences in wordings/limits/line-sizes/service offerings of competitors versus Markel
  • Ability to support and contribute to the wholesale marketing strategy by writing articles and opinion pieces for given class of business; increasing personal exposure by promoting self externally as a thought leader / class expert
  • Demonstrate firm understanding and day-to-day application of key finance reports (e.g. divisional Profit & Loss account); concepts (e.g. GAAP versus underwriting year reporting) and metrics (e.g. combined ratio) and how underwriting actions impact overall financial performance
  • Demonstrate ability to support and contribute to the business planning process for Transport and Logistics classes of business
  • Achieve results by approaching change in a positive manner; taking ownership and accountability for own development and achievement of goals; actively helping others to succeed; demonstrating inclusive behaviours
  • Ensure that business written complies with all relevant regulatory standards.  Understand conduct risk, including monitoring and MI requirements.  Understand the Senior Manager Conduct Rules, what constitutes reasonable steps and can identify and report potential conduct rule breaches

What you will bring to the role:

  • Underwrite profitable business by accepting open market and delegated risks for the cargo liability and marine professional indemnity classes according to Markel's underwriting principles and in line with authority limits.
  • Modify data sets and integrate into thinking and analysis, understand broker analysis, challenge assumptions and methodology and use analytical skills to enhance Markel's underwriting capabilities.  Use internal data and technical rating engines, analysis or reports to understand and explain drivers of performance.  Implement pro-active practices to ensure remedial plans can be deployed rapidly to address loss-making business.
  • Fully comprehend, draft or amend liability policy wordings and clauses.  Promote collaborative interactions with claims to develop policy wordings that ensure a strong customer service and protect Markel’s combined ratio

Who we are:

Markel Group (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.

The team:

The Transport & Logistics team is a significant department of the Specialty division. The account is circa USD100m of income and is written over four subclasses; Ports and Terminals, Marine Trades, Cargo Liability and Marine Professional Indemnity. We are a recognised market-leader in every one of these classes with strong client relationships around the world built on a high level of service to strategic brokers. This role forms part of the Transport & Logistics underwriting team, focusing on underwriting liability and property package policies globally for the ports, terminal and marine trades industries as well as cargo liabilities and marine professional indemnity.

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.