Underwriter

Markel; Greater London; In loco; GBP 60.000 - 90.000; Tempo pieno

Vantaggi offerti da questo lavoro

Pension scheme

Private medical

Dental cover

Menopause plan

Emergency care

Income protection

Life assurance

Electric car scheme

Travel insurance

25 days holiday

Descrizione del lavoro

Markel is seeking a W&I specialist or underwriter to join the Warranty & Indemnity team in London. You will work on M&A transaction processes, due diligence, and deal documentation, contributing to underwriting strategy and portfolio development.

The role offers a collaborative environment, a market-leading platform, and exposure to international clients and coverholders. You will build relationships with brokers and clients while applying technical rating and risk selection to drive profitable

Competenze

• Experience in W&I underwriting or related advisory work.
• Strong understanding of W&I risks and deal documentation.
• Ability to navigate technical rating engines and rate adequacy.

Mansioni

• Contribute to W&I underwriting strategy and lead on new risks using established guidelines.
• Harvest insights from data to inform underwriting decisions and profitability.
• Develop relationships with brokers, distribution partners and private equity clients.
• Support portfolio analysis and iterate rating model as the book grows.
• Negotiate policy terms and maintain internal Markel relationships.

Conoscenze

Technical Underwriting

Business Development

General Skills

Descrizione del lavoro

The W&I team is currently looking for a M&A consultancy / advisory specialist with exposure to M&A transaction processes, due diligence, sale and purchase agreements, and related deal documentation (with direct experience of W&I insurance a plus) or experienced W&I underwriter to compliment it’s existing expertise of market experience, law, tax and financial due diligence. You will be joining a highly motivated team at an exciting time as we look to establish ourselves as the market leader in W&I SME risks and embrace new ideas in terms of portfolio construction, policy development and IT/AI solutions.

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:

Professional & Financial Risks (PFR) focus on international and UK-domiciled business. The team is made up of five business divisions, Professional Indemnity, Management Liability, Warranty & Indemnity, Financial Institutions and Cyber Liability. We provide excellent service via our knowledgable underwriters who are available both at Lloyd’s and in our offices. We have a flexible and innovative approach to underwriting that ensures that we can provide the product required by our customers.

The Warranty & Indemnity (W&I) team is currently comprised of 9 individuals: Director - Head of W&I, three Senior Underwriters, an Underwriter, three Assistant Underwriters and a Graduate Assistant Underwriter. It is a relatively new team that was set up in Q4 2022 to write open market W&I risks. PFR has supported a broad portfolio of coverholders in the transactional liability space since 2014, which has performed well and informed a long-term strategy to underwrite directly alongside the delegated book. The team focuses on underwriting SME risks (deal sizes of c. GBP/USD/EUR 3m to 300m) in the UK and Europe, using the data and insights from its coverholder portfolio and the resources of a global, multi-line specialist insurer.

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:

• Contributing to the W&I underwriting strategy to establish a market leading team within the W&I marketplace.
• Review and underwrite new risks using a technical rating model and coverage guidelines that we have developed.
• Harvest insights from the sizeable data pool we have access to through the 10+ years of supporting coverholders to derive claims trends and inform underwriting approach.
• Build and develop positive relationships with new and existing brokers, other distribution partners and private equity / acquisitive corporate clients, and establish yourself as a market leader in your skill-set.
• Support the analysis of overall portfolio data and act upon those findings – i.e., iterate on the rating model and coverage guidelines as the book matures to expand margin and drive profitable growth over the market cycle.
• Develop skills in negotiating policy terms and conditions.
• Help to build and maintain strong working relationships within Markel.

Key Skills:

Technical Underwriting

• Experience within your specialist skill-set relevant for W&I underwriting or direct experience underwriting W&I risks.
• Strong understanding of the risks inherent in underwriting W&I from the perspective of your specialist skill-set.
• Develop an understanding of the principles of the technical rating engine and monitor portfolio rate adequacy according to Markel’s underwriting principles and in line with authority limits.
• Use analytical skills to improve Markel’s underwriting capabilities (e.g. loss performance and underwriting efficiency).
• Work with others to navigate the complexities of drafting / amending a wording / clause in particular with respect to your specialist skill‑set.

Business Development

• Help to develop, own and enhance the W&I portfolio, assessing risk‑reward for targeting certain countries (within the UK and Europe) and sectors conducting M&A.
• Help to maintain and update a broker / customer engagement plan for a portfolio of brokers and use this to drive quote requests and conversion.

General Skills

• Come up with new points of view and innovative ideas to support the achievement of goals.
• Be computer literate and have the ability to develop a full understanding and capability of in‑house and MS systems.

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!

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.