The W&I team is currently looking for a M&A consultancy / advisory specialist with exposure to M&A transaction processes, due diligence, sale and purchase agreements, and related deal documentation (with direct experience of W&I insurance a plus) or experienced W&I underwriter to compliment it’s existing expertise of market experience, law, tax and financial due diligence. You will be joining a highly motivated team at an exciting time as we look to establish ourselves as the market leader in W&I SME risks and embrace new ideas in terms of portfolio construction, policy development and IT/AI solutions.Business Unit overview:Professional & Financial Risks (PFR) focus on international and UK-domiciled business. The team is made up of five business divisions, Professional Indemnity, Management Liability, Warranty & Indemnity, Financial Institutions and Cyber Liability. We provide excellent service via our knowledgable underwriters who are available both at Lloyd's and in our offices. We have a flexible and innovative approach to underwriting that ensures that we can provide the product required by our customers.Director - Head of W&I, three Senior Underwriters, an Underwriter, three Assistant Underwriters and a Graduate Assistant Underwriter. It is a relatively new team that was set up in Q4 2022 to write open market W&I risks. PFR has supported a broad portfolio of coverholders in the transactional liability space since 2014, which has performed well and informed a long-term strategy to underwrite directly alongside the delegated book. The team focuses on underwriting SME risks (deal sizes of c. GBP/USD/EUR 3m to 300m) in the UK and Europe, using the data and insights from its coverholder portfolio and the resources of a global, multi-line specialist insurer.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.Review and underwrite new risks using a technical rating model and coverage guidelines that we have developed.Harvest insights from the sizeable data pool we have access to through the 10+ years of supporting coverholders to derive claims trends and inform underwriting approach.Build and develop positive relationships with new and existing brokers, other distribution partners and private equity / acquisitive corporate clients, and establish yourself as a market leader in your skill-set.Support the analysis of overall portfolio data and act upon those findings - i.e., Develop skills in negotiating policy terms and conditions.Help to build and maintain strong working relationships within Markel.Technical UnderwritingExperience within your specialist skill-set relevant for W&I underwriting or direct experience underwriting W&I risks. Strong understanding of the risks inherent in underwriting W&I from the perspective of your specialist skill-set.Use analytical skills to improve Markel’s underwriting capabilities (e.g. loss performance and underwriting efficiency).Business DevelopmentHelp to develop, own and enhance the W&I portfolio, assessing risk-reward for targeting certain countries (within the UK and Europe) and sectors conducting M&A.Help to maintain and update a broker / customer engagement plan for a portfolio of brokers and use this to drive quote requests and conversion.Be computer literate and have the ability to develop a full understanding and capability of in-house and MS systems.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 insurance25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leaveAs well as other great benefits on offer there are countless opportunities to learn new skills and develop in your career!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 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. 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.#LI-DJ1#LI-Hybrid #PlayYourPartUKSummaryLocation: London - UKType: Full time
Risk Underwriter in London employer: Markel
Markel is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive starting salary of £28,000 along with monthly bonuses and comprehensive benefits. Located in the vibrant city centre of Manchester, our supportive team environment fosters collaboration and success, making it an ideal place for those seeking a rewarding career in insurance sales without the hassle of late shifts.
