The Delegated Underwriter for our Terrorism team will be responsible for maintaining and managing our profitable delegated book. This role involves close collaboration with both our London and international underwriters, as well as key stakeholders across Markel. Along with strengthening and growing new relationships with peers in similar roles at our key brokers is also essential.
Additionally, the role requires leveraging data insights to optimize portfolio performance. Effective risk management and profitable underwriting returns will be achieved through collaboration with various stakeholders across the business."
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
Who we are:
Business Unit overview:
The Marine Division is based in London but has some limited representation in other key business locations. 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 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.
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:
- Maintain War & Terrorism Product Line specific delegated underwriting policies and procedures and collaborate with management, claims, actuarial, delegated underwriting operation and product development to institute changes when appropriate
- Prepare and perform mid-year underwriting audits for all binders and lineslips where Markel lead
- Execute delegated product lines specific training for underwriters and support staff
- Coordinate with our coverholders & lineslip brokers, Markel’s delegated team, OCUO, Cat management team to maintain a good quality of data and exposure management within Markel
- Apply appropriate underwriting practices including authority and guidelines control as per the Markel minimum UW standards for delegated business
- Act as advocate for Markel and the War and Terrorism product lines and communicate regularly within the global team
- Promote collaboration with throughout the Markel global network to advance line of business profit and growth goals
- Build strong relationships with brokers and their delegated teams to grow our leadership role in this space
- Help co-ordinate and deal with findings from the delegated audits and the underwriting audits
- Provide performance metrics for Head of Class and Director on delegated performance
Key Skills:
- Current experience war and terrorism underwriting expertise
- Have a detailed understanding of the Terrorism and Political Violence delegated business and standards within the insurance market
- Demonstrated expertise in delivering superior delegated underwriting results required
- Broad understanding of claims, actuarial, product development, regulatory and compliance functions;
- High energy, ability to deliver exceptional written and verbal presentations, pro-active self-starter, strong sense of urgency, flexible and spontaneous
- Proven ability in setting and meeting objectives and impact and influencing peers and subordinates to “buy in”
What’s in it for you?
- 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!
Are you ready to play your part?
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.
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