Assistant Underwriter

Markel; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking an experienced insurance professional to join their Marine & Energy team in London on a 6-month FTC. Responsibilities include supporting underwriters, developing relationships, and championing process improvements. The ideal candidate will have strong analytical skills and a collaborative mindset. The role offers a competitive salary, annual bonus, and extensive benefits including a pension scheme and private medical cover.

Benefits

Annual bonus

Strong benefits package

Pension scheme up to 16%

Private medical and dental cover

25 days paid holiday plus Bank Holidays

Opportunities for learning and career development

Responsibilities

• Receive new business and renewal submissions from brokers.
• Support Underwriters in renewing policies and claims analysis.
• Develop understanding of the Specie product.
• Produce specific reports or management information as required.
• Develop positive relationships across teams.
• Champion continuous improvements in processes.
• Attend broker and client meetings.
• Apply appropriate risk management practices.

Skills

Strong analytical skills

Positive mindset

Collaborative team player

Excellent communication and interpersonal skills

Proficiency in Microsoft Office Suite

Proficiency in PowerBI

Job description

We are seeking a highly motivated and experienced insurance professional to join our Marine & Energy team in London on a 6 month FTC basis. The Specie team writes a diverse portfolio on a worldwide basis with particular focus on North America, Europe, the Middle East, and Asia. Products can be tailored to meet requirements of clients, from smaller local / domestic companies to global operations. Markel is a recognised leader of Specie business with a successful history in the class. The underwriting team is supported by our experienced, in-house claims team. This role is based in the Marine Division with special focus on supporting and developing its role within one Wholesale.

Who we are:

Markel's M&E team is dedicated to providing innovative and tailored insurance solutions to meet the diverse needs of our clients. The Marine and Energy Division is part of a Wholesale group offering services for various specialty lines such as Equine and Livestock, Marine and Energy Liability, Trade Credit, Political Risk, and Surety (TCPRS). Our underwriting teams are known for their expertise in underwriting complex risks and delivering exceptional service.

Business Unit overview:

The Energy team focuses on underwriting a wide range of energy risks, including upstream, midstream & downstream energy, Power & Sustainable Energy and Marine liabilities, whilst the Marine short tail team specialises in cargo, specie, hull and war lines. Our team of experienced underwriters is dedicated to providing comprehensive coverage and exceptional service to our clients. The division is led by industry experts who are committed to driving sustainable, profitable growth and strengthening relationships with key stakeholders. 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:

• Receive new business & renewal submissions from brokers and underwriters which need to be processed through Markel’s 1WF process
• Support Underwriters in the renewing of policies, this may include claims analysis, as well as producing pre-bind CAT reports, and pre-bind pricing work
• Develop an understanding of the Specie product
• On occasion, specific reports or management information may be required by Underwriters or Managers, be prepared to produce such information upon request
• Develop positive relationships across the Marine team, and wider teams such as UST, Xceedance, Compliance, CAT team, and Claims
• Champion continuous improvements and continually work with the team to improve end to end process, data and data warehouse
• Broker and client meetings as required
• Apply appropriate risk management practices including aggregations and guideline controls and any measures required to limit Markel’s exposure

Key Skills:

• Strong analytical skills
• Positive mindset
• Collaborative team player within the Specie team, and further afield across Markel
• Demonstrate being an active member of a team and contribute in an open environment with excellent communication and interpersonal skills
• Proficiency in using Microsoft Office Suite and PowerBI portfolio analysis tools
• Enthusiastic about learning new skills

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

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 [e-mail] 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.