Underwriter - Hull & War

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

Job summary

Markel Service, Incorporated in London’s Marine Division seeks a Hull and War Underwriter to support and develop its role within the One London Market. You will work with the hull head, actuarial and cross-functional teams to implement underwriting strategy and monitor progress.

We value deep market knowledge, strong numerical and analytical skills, and excellence in IT tools like Word and Excel. Regular broker and client meetings, travel, and adherence to risk controls are expected.

Qualifications

• In-depth knowledge of hull and war insurance markets.
• Strong numerical and analytical ability.
• Proficient IT skills with Word and Excel.
• Excellent communication skills.

Responsibilities

• Implement underwriting strategy with class head, hull team and actuarial.
• Drive end-to-end process and data improvements, including data warehouse aspects.
• Represent Markel in broker and client meetings and travel as required.
• Apply underwriting controls and risk-management practices and referrals.
• Collaborate on portfolio management with senior underwriters.

Skills

Hull & War Insurance

Numerical analysis

Excel & Word

Communication skills

Tools

Excel

Word

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