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For Companies At a Glance
- Tasks: Underwrite marine and energy portfolios while ensuring profitability and growth.
- Company: Join Markel, a Fortune 500 company with a focus on innovative insurance solutions.
- Benefits: Enjoy a competitive salary, annual bonus, and a strong benefits package including private medical cover.
- Why this job: Make a meaningful difference in the insurance industry and develop your career in a supportive environment.
- Qualifications: Experience in insurance, strong analytical skills, and proficiency in Microsoft Office and PowerBI.
- Other info: Flexible working patterns available and opportunities for continuous learning and development.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a highly motivated and experienced insurance professional to join our Marine & Energy team in London. The ideal candidate will have experience in the insurance industry, preferably within Marine and Energy classes, and will be responsible for portfolio underwriting of Markel’s fast-follow insurance products. This role requires a strong understanding of the London insurance market, excellent analytical skills, and the ability to oversee procedures within and outside the organization.
Who we are:
Markel's M&E team is dedicated to providing innovative and tailored insurance solutions to meet the diverse needs of our clients. The Marine and Energy Division is part of a Wholesale group offering services for various specialty lines such as Equine and Livestock, Marine and Energy Liability, Trade Credit, Political Risk, and Surety (TCPRS). Our underwriting teams are known for their expertise in underwriting complex risks and delivering exceptional service. The Energy team focuses on underwriting a wide range of energy risks, including upstream, midstream & downstream energy, Power & Sustainable Energy and Marine liabilities, whilst the Marine short tail team specialises in cargo, specie, hull and war lines. Our team of experienced underwriters is dedicated to providing comprehensive coverage and exceptional service to our clients. The division is led by industry experts who are committed to driving sustainable, profitable growth and strengthening relationships with key stakeholders.
What you’ll be doing:
- Underwrite Markel’s Fast-Follow marine and energy portfolios, ensuring long term profitability and growth.
- Build and maintain strong relationships with key stakeholders internally and with broker counterparts externally.
- Conduct thorough and regular whole-account assessments and make informed underwriting decisions steering the portfolio towards constant profitability.
- Collaborate with other underwriters and team members to achieve business objectives efficiently.
- Monitor aggregates, including catastrophe management, within corporate thresholds and maximum capacities.
- Maintaining accurate capture of aggregation, risk and technically rated premium data on the company systems.
- Portfolio Analysis using various software and data analysis systems & reporting on portfolio performance as required.
- Prioritise customer experience with best-in-class response times to all stakeholders.
- Ensure compliance with company policies, procedures, and regulatory requirements.
- Work within the efficient and effective workflow procedures within the portfolio.
Key Skills:
- Experience in the insurance industry, preferably within the marine and energy market.
- Strong analytical and decision-making skills.
- Demonstrate being an active member of a team and contribute in an open environment with excellent communication and interpersonal skills.
- Proficiency in using Microsoft Office Suite and PowerBI portfolio analysis tools.
- Experience with Cat / Aggregation Management software would be an advantage.
- An ACII qualification, or being in the process of obtaining it, would be beneficial.
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!
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.
Join us and play your part in something special! Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you. At Markel we are all about the people, celebrating 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 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.
Portfolio Underwriter – Marine employer: Markel Corporation
Contact Detail:
Markel Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Underwriter – Marine
✨Network Like a Pro
Get out there and connect with people in the marine and energy insurance space. Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your analytical skills and experience in underwriting. Use specific examples from your past work to demonstrate how you’ve successfully managed portfolios or tackled complex risks.
✨Research the Company
Before any interview, do your homework on Markel and its Marine & Energy team. Understand their products, values, and recent news. This will not only impress them but also help you tailor your answers to show you’re a perfect fit for their culture.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of our team at Markel.
We think you need these skills to ace Portfolio Underwriter – Marine
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that are relevant to the Portfolio Underwriter role. Highlight your background in marine and energy insurance, and don’t forget to mention any analytical skills you possess!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the marine and energy sectors and how your experience aligns with our team’s goals. Keep it engaging and personal!
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, be sure to include examples of how you've used data analysis in your previous roles. Mention any software tools you’re familiar with, like PowerBI or Cat Management software.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Markel Corporation
✨Know Your Marine and Energy Stuff
Make sure you brush up on your knowledge of the marine and energy insurance sectors. Familiarise yourself with the latest trends, key players, and specific products that Markel offers. This will show your genuine interest and help you answer questions confidently.
✨Show Off Your Analytical Skills
Since this role requires strong analytical abilities, be prepared to discuss your experience with data analysis tools like PowerBI. Bring examples of how you've used these skills in past roles to make informed underwriting decisions or improve portfolio performance.
✨Build Rapport with Interviewers
Remember, it's not just about what you know but also about how you connect with others. Practice building rapport by engaging with your interviewers, asking insightful questions, and demonstrating your communication skills. This is crucial for maintaining relationships with stakeholders.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making and problem-solving skills. Think of examples from your previous experience where you had to make tough underwriting decisions or manage risks effectively. This will help you showcase your expertise in a practical way.
