Underwriter - Hull & War

Markel; Greater London; On-site; GBP 65,000 - 100,000; Full time

Benefits offered by this job

Pension scheme (up to 16%)

Private medical & dental cover

Menopause plan

Emergency care benefit (children/pets/

Income protection

Life assurance

Electric car scheme

Travel insurance

25 days holiday

Job summary

Markel’s Marine Division seeks an experienced Hull and War underwriter to support and develop the London Market role. You will coordinate with the hull team, actuaries, and brokers to implement underwriting plans, manage risks, and drive improvements across data systems.

You’ll travel for meetings, apply guidelines, and contribute to portfolio management while working within one of Markel’s leading global specialty insurers.

Qualifications

• Detailed understanding of hull and war insurance markets.

Responsibilities

• Work with class head and hull team to implement underwriting strategy.
• Champion continuous improvements for end-to-end processes, data, and data warehouse.
• Demonstrate disciplined underwriting approach and guidelines.

Skills

Hull market knowledge

Numerical & analytical ability

IT skills (Word, Excel)

Communication skills

Underwriting insights

Underwriting data analysis

Actuarial concepts

Claims service & data analysis

Wording comprehension

Job description

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.

What you’ll be doing:

• 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

Key Skills:

• 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

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. 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.