At a Glance
- Tasks: Join our team to implement underwriting strategies and build strong broker relationships.
- Company: Markel is a Fortune 500 company leading in insurance and reinsurance across 20+ countries.
- Benefits: Enjoy a competitive salary, annual bonus, 25 days holiday, and comprehensive health benefits.
- Why this job: Make a meaningful impact in a dynamic environment with opportunities for growth and learning.
- Qualifications: Experience in war and terrorism underwriting and strong analytical skills are essential.
- Other info: Flexible working patterns available; we value diversity and inclusivity in our workforce.
The predicted salary is between 48000 - 72000 ÂŁ per year.
Join to apply for the Underwriter – War and Terrorism role at Markel
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Join to apply for the Underwriter – War and Terrorism role at Markel
We are looking for candidates with the market presence in the line of business underwritten in order to develop further that line of business within agreed business plan parameters. To adhere to the underwriting authority granted. To focus on delivering the agreed combined loss ratio target.
What part will you play? If youâre looking for a place where you can make a meaningful difference, youâve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and youâll find your fit amongst our global community of optimists and problem-solvers. Weâre always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.
Join us and play your part in something special!
The Opportunity
This underwriter will be joining the Markel War and Terrorism Division based in London. The role will be working with underwriters and senior underwriters, divisional management and actuarial to implement the underwriting strategy and keep them informed of progress and developments.
We accept risks in the areas of Hull, Cargo, War, Specie, Liability and Terrorism on a world-wide basis. We are leaders in a number of our chosen areas and require a dedication to technical expertise and accuracy to maintain this leadership role.
Part of Markel Group (NYSE â 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 Youâll Be Doing
- Work with underwriters and senior underwriters, divisional management and actuarial to implement the underwriting strategy and keep them informed of progress and developments
- Demonstrate sound and prudent underwriting judgement
- Positively contribute towards the teamâs underwriting strategy
- Attend regular broker and client meetings and travel to represent Markel as required by class head
- Develop strong relationships with existing and new brokers
- Actively seek business opportunities
- Apply appropriate underwriting practices including authority and guidelines control
- Prioritise the teamâs underwriting strategy and adhere to it at all times
- 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 Markleâs exposure
Our Must-haves
- Wholesale and retail war and terrorism underwriting expertise required;
- Proven expertise in delivering superior underwriting results required;
- Broad understanding of claims, actuarial, product development, regulatory and compliance functions;
- Understand and enjoy working in a highly matrixed environment.
- High energy, ability to deliver outstanding written and verbal presentations, pro-active self-starter; flexible and spontaneous;
- Proven track record in setting and meeting objectives and impact and influencing peers and subordinates to âbuy inâ
- Demonstrate strong numerical and analytical ability
- Have a network of London and international distribution channels
- Underwriting Insights and Risk Acceptance
Who We Are
Markel Group (NYSE â 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.
Weâre all about people | We win together | We strive for better | We enjoy the everyday | We think further
Whatâs in it for you?
- A great starting salary plus annual bonus & strong benefits packageâŚ
- 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
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part?
Choose âApply Nowâ to fill out our short application, so that we can find out more about you.
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 an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all 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 or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
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Underwriter - War and Terrorism employer: Markel
Contact Detail:
Markel Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Underwriter - War and Terrorism
â¨Tip Number 1
Network with professionals in the insurance industry, particularly those who specialise in war and terrorism underwriting. Attend relevant industry events or webinars to connect with potential colleagues and learn more about the latest trends and challenges in this niche.
â¨Tip Number 2
Familiarise yourself with the specific underwriting practices and guidelines that Markel adheres to. Understanding their approach will not only help you in interviews but also demonstrate your commitment to aligning with their business strategy.
â¨Tip Number 3
Prepare to discuss your previous experiences in underwriting, especially any successes you've had in managing risks related to war and terrorism. Be ready to share specific examples that highlight your analytical skills and decision-making abilities.
â¨Tip Number 4
Research Markel's recent projects and initiatives within the War and Terrorism Division. Being knowledgeable about their current focus areas will allow you to engage in meaningful conversations during interviews and show your genuine interest in the role.
We think you need these skills to ace Underwriter - War and Terrorism
Some tips for your application đŤĄ
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter - War and Terrorism position. Tailor your application to highlight your relevant experience in underwriting, particularly in war and terrorism.
Highlight Relevant Experience: In your CV and cover letter, emphasise your expertise in wholesale and retail war and terrorism underwriting. Provide specific examples of how you've delivered superior underwriting results and contributed to team strategies.
Showcase Analytical Skills: Demonstrate your strong numerical and analytical abilities in your application. Mention any relevant tools or methodologies youâve used in previous roles that align with the risk management practices required for this position.
Personalise Your Cover Letter: Craft a personalised cover letter that reflects your enthusiasm for the role and the company. Mention why you want to work at Markel specifically and how your values align with theirs, such as their commitment to diversity and teamwork.
How to prepare for a job interview at Markel
â¨Showcase Your Underwriting Expertise
Make sure to highlight your experience in war and terrorism underwriting. Be prepared to discuss specific cases where you successfully assessed risks and made sound decisions, as this will demonstrate your technical expertise.
â¨Understand the Companyâs Strategy
Familiarise yourself with Markel's underwriting strategy and recent developments in the war and terrorism sector. This knowledge will allow you to engage in meaningful discussions and show that you're aligned with their goals.
â¨Build Rapport with Interviewers
Since the role involves working closely with underwriters and brokers, focus on building a connection during the interview. Use your interpersonal skills to create a positive impression and demonstrate your ability to foster relationships.
â¨Prepare for Technical Questions
Expect questions that test your numerical and analytical abilities. Brush up on relevant metrics and be ready to explain how you would approach risk management and loss ratio targets in your underwriting decisions.