At a Glance
- Tasks: Join our Cyber Division to underwrite and innovate in the exciting world of cyber insurance.
- Company: Markel, a global leader in insurance with a collaborative and inclusive culture.
- Benefits: Competitive salary, annual bonus, 25 days holiday, and comprehensive health benefits.
- Other info: Flexible working options and a commitment to diversity and inclusion.
- Why this job: Make a meaningful impact while working with a dynamic team of problem-solvers.
- Qualifications: Strong experience in Cyber Underwriting and excellent relationship management skills.
The predicted salary is between 60000 - 75000 £ per year.
Are you an experienced Cyber Underwriter? Come and progress your career working with our dedicated Cyber Division in our London office 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.
Opportunity: We have an exciting opportunity for a Cyber Underwriter to join the Markel team. The Cyber Team is focussed on writing international, UK‑domiciled and US Wholesale business, on a primary and excess of loss basis. The Cyber team writes open market business, as well as via cover holder’s that we support as a team. We provide an excellent service via our expert Cyber Underwriters who offer a flexible and innovative approach to underwriting that ensures we provide solution‑focused products to our brokers and clients. This role is based within the Cyber team, of which there are six members. The Cyber portfolio underwritten by the Cyber team offers insurance to mid‑size corporate clients, up to large multinational and international clients.
What you’ll be doing:
- Help in raising the profile of Markel and the team in Cyber.
- Demonstrate a strategic and structured approach to broker development, communicate the Markel story to brokers and customers in a compelling and credible way that supports the brand.
- Create and provide Thought Leadership for the Cyber Team.
- Manage a portion or industry within the Cyber Portfolio, analysing, working with Actuaries, and creating strategy for the portfolio.
- Collaborate with Markel claims colleagues on broker and customer meetings to maximise business development opportunities, as well as studying claims trends and losses in order to further our Underwriting approach.
- Challenge wordings/clauses, lead in navigating the complexities of drafting & amending wordings/clauses, and raise concerns to Head of Cyber/wordings team.
- Contribute to innovation within the product suite providing expert input into the creation of new products and proactive input into the refinement of existing products or the services relating to the product.
- Seek to regularly analyse competitors’ products, capabilities and appetite and share within the team.
- Proactively develop, own and enhance our customer offering within Cyber, actively engaging with customers to identify their needs and provide solutions to problems, as well as seeking new ways to enhance the customer experience.
- Take the lead in developing and managing key, Cyber specific broker relationships.
- Actively lead and manage pipelines for the team.
- Influence brokers and advance Markel’s interests through strong interpersonal and presentation skills.
- Identify new distribution and Delegated/Cover holder opportunities and where appropriate implement them.
- Manage your own renewal book of business in line with appetite and strategy, including combined ratio targets.
Our must haves:
- Strong experience of Cyber Underwriting.
- Underwriting Insights and Risk Acceptance Portfolio Management.
- Underwriting Data Analysis.
- Actuarial Concepts.
- Claims Service and Data Analysis.
- Wording Comprehension and Improvement.
- Excellent relationship management skills.
About Markel: 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.
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.
Equity, Diversity & Inclusion: 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 a Disability Confident Committed employer which means we will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
Cyber Underwriter employer: Markel Corporation
At Markel, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within our dedicated Cyber Division in London. With a strong focus on employee growth, we provide comprehensive benefits including a competitive salary, generous holiday allowance, and a robust pension scheme, all while championing diversity and inclusion to ensure every team member can thrive and contribute meaningfully to our mission.
