Structured Portfolio Solutions, Senior Underwriter

The Structured Portfolio Solutions Insurance Underwriter will be responsible for underwriting multi-line, cross-class facilities within the London wholesale market. This role involves leveraging data insights to optimize portfolio performance and collaborating with various stakeholders to ensure effective risk management and profitable underwriting returns.

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

Who we are:

Business Unit overview:

The newly created Specialty Division underwrites a portfolio of business in areas such as International Casualty, Trade Credit, Political Risk, Surety, Equine and Livestock, Marine and Energy Liability, and Transport & Logistics on a global basis. This division maintains a leadership position in these areas by emphasizing technical expertise and accuracy. It prioritizes the relationship between the insured and insurer, focusing on engaging clients and producers in their home regions. Business is conducted through both Markel Syndicate 3000 and Markel International Insurance Company Limited.

The London Market has experienced significant changes between lead and follow underwriting in recent years, resulting in various methods for writing follow business. Participating in these facilities enhances leverage and standing within the distribution network, creates opportunities to access diversified business, and benefits the open market offering.

These facilities provide an efficient way to achieve underwriting returns and diversification while gaining access to valuable market data that can inform open market underwriting decisions. Increased data sharing enables a more proactive approach to portfolio management throughout the market cycle, with close governance over this process.

Markel has established a standalone ‘Structured Portfolio Solutions’ profit and loss center led by a class-agnostic underwriting strategy, supported by Portfolio Development Solutions (PDS).

Part of 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.

What you’ll be doing:

This role is responsible for underwriting multi-line, cross-class facilities within the London wholesale market. The successful candidate will build and maintain excellent relationships with targeted brokers and participate in marketing initiatives as required. They will be actively involved in the business planning process and product development, ensuring alignment with the directives of the DMD. The role involves working independently, making underwriting decisions with minimal referral to the DMD, and managing, coaching, and supporting the underwriters reporting to them. A diverse interest and curiosity in various lines of business across the market is essential.

You will leverage data insights from the Portfolio Development Solutions (PDS) team to optimize portfolio performance and collaborate with various stakeholders to ensure effective risk management and profitable underwriting returns. Staying informed about market trends, competitor activities, and regulatory changes to adapt underwriting strategies accordingly is crucial.

• Experience: Proven experience in underwriting within the London wholesale market, a focus on multi-line, cross-class facilities or portfolio underwriting would be preferential.

• Skills: Strong analytical skills, attention to detail, and the ability to interpret complex data.

• Technical knowledge: diverse interest and curiosity in a variety of lines of business across the market.

• Data Analytics: strong analytical mindset with demonstrable experience analysing data.

• Reporting: Prepare and present regular reports on portfolio performance, underwriting results, and market insights to senior management

• Communication: Excellent communication and interpersonal skills.

• Certifications: Relevant industry certifications (e.g., ACII, Chartered Insurer) are preferred.

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

• Up to 16% company pension scheme,

• Private medical and dental cover, Menopause plan, emergency care benefit (children/Pets/dependants)

• Income protection, Life assurance, electric car scheme, travel insurance

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

• As well as other great benefits on offer there are countless opportunities to learn new skills and develop in your career!

Are you ready to play your part?

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, reach their full potential and seize opportunities. You’ll find your fit amongst our diverse global community of optimists and problem-solvers. We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs.

We will ensure that individuals are provided with any 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 rec@markel.com or call us at 0161 507 5827 to request any accommodations or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.