At a Glance
- Tasks: Lead underwriting for Marine and Energy, mentor colleagues, and develop broker relationships.
- Company: Join Markel Group, a Fortune 500 leader in insurance and reinsurance.
- Benefits: Competitive salary, annual bonus, strong pension, and extensive health benefits.
- Other info: Opportunities for skill development and career advancement in a supportive environment.
- Why this job: Make an impact in a dynamic industry while developing your career with expert mentorship.
- Qualifications: Experience in marine or energy liability underwriting and strong relationship management skills.
The predicted salary is between 60000 - 80000 £ per year.
About the Role
The Senior Marine and Energy Liability Underwriter will be responsible for demonstrating a deep understanding of the industry in which we operate. The role involves acting as a referral point for underwriters on more complex risk, giving team support, direction and mentoring colleagues using expertise and experience.
Business Unit Overview
The newly created Specialty Division underwrites a portfolio of business in the areas of International Casualty, Trade Credit, Political Risk, Surety, Equine and Livestock, Marine and Energy Liability, and Transport & Logistics on a world-wide basis. We are leaders across our chosen areas and require a commitment to technical expertise and accuracy to maintain this leadership role. A great emphasis is placed on the relationship between the insured and insurer with a focus on meeting clients and producers in their home territories. Business is written through both Markel Syndicate 3000 and Markel International Insurance Company Limited.
Responsibilities
- Help in raising the profile of Markel and the team in Marine and Energy Liability.
- 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 Marine and Energy Liability Team.
- Work with Actuaries, creating strategy for the portfolio.
- Collaborate with Markel claims colleagues on broker and customer meetings to maximise business development opportunities, studying claims trends and losses to further our Underwriting approach.
- Challenge wordings/clauses, lead in navigating the complexities of drafting & amending wordings/clauses, and raise concerns to the Director of Marine and Energy Liability.
- 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 services relating to the product.
- Regularly analyse competitors’ products, capabilities and appetite and share within the team.
- Proactively develop, own and enhance our customer offering within Marine and Energy Liability, 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 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 renewal book of business in line with appetite and strategy, including combined ratio targets.
Key Skills
- Strong experience of marine or energy liability 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.
Benefits
A great starting salary plus annual bonus & strong benefits package, including 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!
Senior Underwriter Marine and Energy employer: Markel International
Markel Group is an exceptional employer, offering a dynamic work environment where expertise in Marine and Energy Liability is highly valued. With a strong emphasis on employee growth, comprehensive benefits including a generous pension scheme and private medical cover, and a culture that fosters innovation and collaboration, Markel provides its employees with the tools and support needed to excel in their careers while making meaningful contributions to the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter Marine and Energy
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. The more people you know in the Marine and Energy sector, the better your chances of landing that Senior Underwriter role.
✨Tip Number 2
Show off your expertise! Prepare to discuss your insights on underwriting trends and risk management during interviews. We want to see how you can contribute to our team’s success and innovation in Marine and Energy Liability.
✨Tip Number 3
Practice your pitch! Be ready to explain how you can enhance our customer offering and manage key broker relationships. A strong presentation can really set you apart from other candidates.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about joining our team at Markel.
We think you need these skills to ace Senior Underwriter Marine and Energy
Some tips for your application 🫡
Show Your Expertise:Make sure to highlight your deep understanding of marine and energy liability underwriting in your application. We want to see how your experience aligns with the role, so don’t hold back on showcasing your skills!
Tailor Your Application:Customise your CV and cover letter to reflect the specific requirements mentioned in the job description. We love it when candidates take the time to connect their experiences with what we’re looking for in a Senior Underwriter.
Be Personable:Since relationship management is key in this role, let your personality shine through in your written application. We appreciate a friendly tone that shows you’re approachable and ready to engage with clients and brokers alike.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at Markel International
✨Know Your Stuff
Make sure you have a solid understanding of marine and energy liability underwriting. Brush up on the latest trends, key players, and challenges in the industry. This will not only help you answer questions confidently but also show your passion for the field.
✨Showcase Your Experience
Prepare to discuss specific examples from your past roles that highlight your expertise in underwriting, portfolio management, and relationship building. Use the STAR method (Situation, Task, Action, Result) to structure your responses and make them impactful.
✨Engage with the Interviewers
Don’t just wait for questions; engage with your interviewers by asking insightful questions about their strategies and challenges. This demonstrates your interest in the role and helps you gauge if the company is the right fit for you.
✨Be Ready to Discuss Innovation
Since the role involves contributing to product innovation, be prepared to share your ideas on how to enhance customer offerings or improve existing products. This shows that you’re proactive and forward-thinking, which is crucial for a Senior Underwriter.
