Underwriter - Hull & War

EC Insurance Company; City of Westminster; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

A great starting salary plus annual/

Annual bonus

Strong benefits package

Private medical and dental

Income protection

Life assurance

Electric car scheme

Travel insurance

25 days holiday + bank holidays

Job summary

Markel's Marine Division in London Market is seeking an experienced underwriter to support and develop hull and war business worldwide, with emphasis on North America, Northern Europe, the Middle East and Asia. You will collaborate with the class head and senior underwriters to implement strategy, manage portfolios and seize opportunities.

The role requires strong numerical/analytical skills, excellent IT capabilities in Word/Excel, and robust communication.

Qualifications

• Understanding hull and war insurance markets.
• Strong numerical and analytical capabilities.
• Excellent communication across stakeholders.

Responsibilities

• Work with class head, wider hull team, actuarial and other parts of the business to implement underwriting strategy and monitor progress.
• Champion continuous improvements and work with the team to improve end-to-end process, data and data warehouse.
• Apply appropriate underwriting practices including authority and guidelines control.
• Apply risk management practices including aggregations and guideline controls and measures to limit Markel's exposure.
• Provide underwriting support to overseas offices and handle referral approvals.
• Work with class head and senior underwriters on portfolio management.
• Actively seek business opportunities in accordance with plan.
• Demonstrate strong numerical and analytical ability.
• Excellent IT skills including Word and Excel.
• Underwriting Insights and Risk Acceptance
• Underwriting Data Analysis
• Actuarial Concepts
• Claims Service and Data Analysis
• Wording Comprehension and Improvement
• The hull team writes a diverse hull and war portfolio worldwide, focusing on North America, Northern Europe, the Middle East, and Asia.

Skills

Strong numerical & analytical ability

Excellent IT skills

Underwriting insights

Underwriting data analysis

Actuarial concepts

Communication skills

Tools

Microsoft Word

Excel

Job description

• Work with class head, wider hull team, actuarial and other parts of the business to implement the underwriting strategy and monitor progress and developments
• Champion continuous improvements and continually work with the team to improve end to end process, data and data warehouse
• Confidently and positively demonstrate the discipline of our chosen underwriting approach
• Positively contribute towards the team's underwriting strategy and diligently adhere to it at all times
• Regular broker and client meetings and travel to represent Markel as required by class head
• Apply appropriate underwriting practices including authority and guidelines control
• Apply appropriate risk management practices including aggregations and guideline controls and any measures required to limit Markel's exposure
• Providing underwriting support to overseas offices and handling of referral approvals
• Work with class head and senior underwriters on portfolio management
• Actively seek business opportunities in accordance with plan
• Ownership or assistance in completing project work

  Have a detailed understanding of the hull and war insurance market

• Demonstrate strong numerical and analytical ability
• Excellent IT skills including Microsoft Word and Excel
• Have excellent communication skills
• Underwriting Insights and Risk Acceptance
• Underwriting Data Analysis
• Actuarial Concepts
• Claims Service and Data Analysis
• Wording Comprehension and Improvement

  The hull team writes a diverse hull and war portfolio on a worldwide basis with particular focus on North America, Northern 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 hull and war 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 London Market.

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 London Market division is comprised of six underwriting teams (Cyber, Energy, Equine & Livestock, Marine, Professional & Financial Risks, and Trade Credit, Political Risk & Surety), as well as an award-winning claims team, underwriting support, delegated underwriting, and strategic business development. We have staff around the world with a significant presence in Asia and the US, in addition to the London market. Our teams operate as 'One London Market', working together towards our goal to be one of the world's great speciality insurers. We work collaboratively both within London Market and across the wider Markel organisation, and because we work as one we are able to build the best solutions possible for our clients and provide outstanding development opportunities for our staff. 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., 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.

• 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!