Financial Lines Development Underwriter

Markel; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading insurance provider in Greater London is seeking a Development Underwriter to enhance broker relationships and drive growth. The ideal candidate will have proven underwriting experience, excellent communication skills, and the ability to manage complex risks. Responsibilities include underwriting new businesses, providing exceptional service to brokers, and supporting company growth goals. This role also offers a competitive salary, annual bonus, and comprehensive benefits in a diverse work environment.

Benefits

Starting salary plus annual bonus

Car allowance

Strong benefits package

25 days paid holiday

Fantastic company pension scheme

Private medical and dental cover

Qualifications

• At least 3 years of experience in underwriting roles.
• Ability to manage complex Professional and Management risks.
• Strong desire to be highly visible to brokers.

Responsibilities

• Provide and maintain underwriting levels and support profitability objectives.
• Underwrite complex new business within defined authority.
• Develop strong broker relationships to drive business growth.

Skills

Proven relevant underwriting experience

Building and developing broker relationships

Excellent communication skills

Demonstrable IT skills

Education

Background in Professional Indemnity and Directors and Officers classes

Tools

MS Office

CRM systems

Job description

Do you have Development Underwriting experience and looking for a great new opportunity?

Come and work with our Broker Underwriting team providing an excellent underwriting service for brokers across the UK

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. Because, at Markel, the work you do gives people the confidence to move forward and seize opportunities.

Join us and play your part in something special!

The opportunity

We are investing in Development Underwriters to join the Markel team. The role of the Development Underwriter is to support the development plan for brokers across the North West and South / South East regions to work with our Underwriting and Distribution teams to further enhance our growth plans.

We arrange our business into five channels, with the NMUK Broker Channel the largest and fastest growing of all our UK business area’s. Our broker engagement and subsequently pipeline and new business volumes have increased exponentially.

In order to focus on delivering exceptional support and ensure delivery on our growth ambitions, we segment the UK broker population in to three categories ; strategic, key and development and Connect.

The Development Underwriter is required to build and maintain strong broker relationships, and provide excellent service to brokers. The Development Underwriter will have a strong desire to be highly visible to brokers encouraging development meetings and telephone contact. They will be required to underwrite complex Professional and Management risks including Technology.

What you’ll be doing

• Provide and maintain a good level of underwriting, demonstrate a thorough knowledge of company guidelines and authority levels, including the Markel process and procedure guides in order to achieve profitability objectives
• Underwrite complex new business within the defined underwriting authority working towards agreed financial targets
• Actively manage and provide an efficient new business service to brokers to maintain good relationships and to achieve best outcome and win business
• Responsible for the performance of your regional brokers developing robust relationships
• Develop new broker relationships as identified and in conjunction with the Broker Development Director to demonstrate our capabilities to ensure Markel is a preferred provider of insurance for PMR
• Provide input into the Head Of Financial Lines reporting on broker activity and new business production
• Provide a quarterly update to the Head of Financial Lines and Broker Development Director on key performance criteria for brokers and team performance and development
• Maintain broker data on the CRM system to ensure it is up to date and accurate.
• Work with team to identify and secure prospects and opportunities from your broker panel recording on the CRM system in accordance with the CRM Working Practices guide
• Promote a coaching and mentoring culture which provides both challenge and support to each team member in the pursuit of a consistent and high quality underwriting service and approach
• Develop team members’ technical knowledge through day to day underwriting referrals and exposure to underwriting more complex risks
• Developing pipeline with partner brokers to drive growth
• Work closely with internal partners to deliver the right outcomes for allocated brokers and their customers
• We are looking for challenging, motivated and success orientated individuals who bring expertise and a desire to build a market leading business

Our must haves

• Proven relevant underwriting experience in an underwriting role and demonstrable technical skills
• Track record in building and developing broker relationships
• Background and experience in Professional Indemnity and Directors and Officers classes of business desirable
• Have excellent communication skills
• Demonstrable IT skills including MS Office, Word, PowerPoint & CRM and show willingness to learn our systems
• Proven ability to win business whilst maintaining underwriting field

Who we are

Markel Corporation (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

What’s in it for you

• A great starting salary plus annual bonus, car allowance & strong benefits package…
• 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 ‘Apply Now’ 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 [e-mail] 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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