What part will you play? 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 and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re 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!
Markel Bermuda Limited, a subsidiary of Markel Group, has an opening for a Director, Underwriter. Responsible for assisting in the underwriting of the Company’s Financial Institutions (FI)/Directors & Officers (D&O) insurance portfolio.
Essential Duties and Responsibilities:
- Underwrite a book of business including Financial Institutions’ risk management D&O and FI blend lines and Commercial D&O lines for a client base of Fortune 1000 firms;
- Understand and analyze the financial condition of insureds, including analysis of the Balance Sheet, Income Statement and Statement of Cash Flows;
- Negotiate with brokers on program structure, premiums, retentions and terms and conditions;
- Meet outlined objectives related to quote/binder turnaround, policy issuance, renewal management, file maintenance and documentation;
- Analyze coverage and contract language based on industry-accepted and Markel policy forms;
- Take lead role in client/underwriter meetings (in-person or remotely) in order to quantify and assess inherent risks and exposures;
- Maintain up-to-date familiarity with economic and legal factors impacting the FI and D&O portfolio and the overall insurance industry;
- Assist in management of book rates, aggregate exposure and other aspects of book performance;
- Assist in managing and supervising other members of the team;
- Assist in the development and implementation of new products;
- Cross-sell opportunities to existing clients through the promotion of the Company’s products and services;
- Participate in projects that have an impact on the business and actively keep your knowledge and skills up to date through courses and seminars where appropriate.
Qualifications, Education and/or Experience:
- A minimum of ten years’ experience in underwriting for professional liability; a recent focus in Financial Institutions Professional Liability product lines would be beneficial;
- Four-year degree in business or related field from an accredited University/College;
- Extensive experience with industry-accepted policy forms and strong working knowledge of applicable endorsement wordings;
- Strong customer service focus and interpersonal skills, the ability to communicate effectively, and excellent negotiation skills;
- Strong analytical and organizational skills and excellent problem solving/decision making abilities;
- Solid understanding of financial statements;
- Proficiency in Microsoft Office suite applications (Outlook, Word, Excel and PowerPoint);
- Strong work ethic;
- Must be a team player and able to work independently as needed.
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.
We’re all about people | We win together | We strive for better
We enjoy the everyday | We think further
Are you ready to play your part?
Choose‘Apply Now’to fill out our short application, so that we can find out more about you.
What’s in it for you:
In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.
·We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
·All full-time employees will be offered comprehensive health, vision, dental coverage as well as optional life, disability, and AD&D insurance.
·We also offer a pension with an employer contribution, an Employee Stock Purchase Plan, vacation, sick days, corporate holidays, daily lunch and parental leave.
·Markel offers hybrid working schedules of 3 days in the office and 2 days remote.
