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- Tasks: Join our hull team to implement underwriting strategies and improve processes.
- Company: Markel, a leading global insurer with a collaborative culture.
- Benefits: Competitive salary, annual bonus, strong benefits, and 25 days holiday.
- Why this job: Make a meaningful impact in a dynamic environment with growth opportunities.
- Qualifications: Strong analytical skills and understanding of hull and war insurance.
- Other info: Flexible working patterns and support for diverse backgrounds.
The predicted salary is between 36000 - 60000 £ per year.
The hull team writes a diverse hull and war portfolio on a worldwide basis with particular focus on North America, Northern Europe, the Middle East, and Asia. Products can be tailored to meet requirements of clients, from smaller local/domestic companies to global operations. Markel is a recognised leader of hull and war business with a successful history in the class. The underwriting team is supported by our experienced, in-house claims team. This role is based in the Marine Division with special focus on supporting and developing its role within one London Market.
Business Unit overview: The London Market division is comprised of six underwriting teams (Cyber, Energy, Equine & Livestock, Marine, Professional & Financial Risks, and Trade Credit, Political Risk & Surety), as well as an award-winning claims team, underwriting support, delegated underwriting, and strategic business development. We have staff around the world with a significant presence in Asia and the US, in addition to the London market. Our teams operate as ‘One London Market’, working together towards our goal to be one of the world’s great speciality insurers. We work collaboratively both within London Market 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. 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:
- Work with class head, wider hull team, actuarial and other parts of the business to implement the underwriting strategy and monitor progress and developments
- Champion continuous improvements and continually work with the team to improve end to end process, data and data warehouse
- Confidently and positively demonstrate the discipline of our chosen underwriting approach
- Positively contribute towards the team’s underwriting strategy and diligently adhere to it at all times
- Regular broker and client meetings and travel to represent Markel as required by class head
- Apply appropriate underwriting practices including authority and guidelines control
- Apply appropriate risk management practices including aggregations and guideline controls and any measures required to limit Markel’s exposure
- Providing underwriting support to overseas offices and handling of referral approvals
- Work with class head and senior underwriters on portfolio management
- Actively seek business opportunities in accordance with plan
- Ownership or assistance in completing project work
Key Skills:
- Have a detailed understanding of the hull and war insurance market
- Demonstrate strong numerical and analytical ability
- Excellent IT skills including Microsoft Word and Excel
- Have excellent communication skills
- Underwriting Insights and Risk Acceptance
- Underwriting Data Analysis
- Actuarial Concepts
- Claims Service and Data Analysis
- Wording Comprehension and Improvement
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.
Underwriter employer: Markel Corporation
Contact Detail:
Markel Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Markel or in similar roles. Attend events, webinars, or even casual meet-ups to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching the hull and war insurance market. Understand the latest trends and challenges, so you can impress the interviewers with your knowledge and insights during discussions.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've used data analysis in past roles. Bring examples of how you've improved processes or made decisions based on data – this will resonate well with the underwriting team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Markel family and being part of our collaborative culture.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in the hull and war insurance market. We want to see how your skills align with our underwriting strategy and how you can contribute to our team.
Show Off Your Skills: Don’t hold back on showcasing your numerical and analytical abilities! Use specific examples from your past experiences that demonstrate your strong IT skills, especially with Microsoft Word and Excel, as these are key for the role.
Communicate Clearly: Your communication skills are crucial, so make sure your application is clear and concise. We appreciate a well-structured application that reflects your ability to convey complex information effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Markel Corporation
✨Know Your Hull and War Insurance
Make sure you brush up on your knowledge of the hull and war insurance market. Understand the key players, trends, and challenges in the industry. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Analytical Skills
Since strong numerical and analytical abilities are crucial for this position, prepare to discuss specific examples where you've successfully used these skills. Bring along any relevant data analysis projects or reports you've worked on to demonstrate your expertise.
✨Communicate Effectively
Excellent communication skills are a must-have for this role. Practice articulating your thoughts clearly and concisely. Consider doing mock interviews with a friend or using video recordings to refine your delivery and ensure you come across as confident and engaging.
✨Emphasise Team Collaboration
Markel values teamwork, so be ready to discuss how you've worked collaboratively in previous roles. Share examples of how you've contributed to team goals and supported colleagues, especially in high-pressure situations. This will highlight your ability to fit into their 'One London Market' ethos.