Underwriter- PI

Markel; Greater London; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Annual bonus

25 days holiday + holidays

Private medical and dental cover

Life assurance

Travel insurance

Pension

Season ticket loan

Job summary

Markel in London is seeking an experienced Professional Indemnity Underwriter to join its dedicated PI division. You will underwrite and manage a portfolio of PI risks, pricing and renewing cases for clients worldwide, with capacity levels up to multi-million limits.

You’ll build strong broker relationships, provide timely quotes, and make underwriting decisions with authority within defined limits. Working from our London office, you’ll monitor market trends and regulatory developments,

Qualifications

• Extensive experience in professional indemnity or financial lines underwriting or broking.
• Excellent local PI market knowledge and reputation.
• Strong analytical and critical thinking with ability to interpret complex risk data.
• Ability to make underwriting decisions under pressure with incomplete information.
• Commercial awareness and financial mindset balancing risk and reward.
• Flexible and innovative approach to underwriting.

Responsibilities

• Underwrite and manage a portfolio of PI risks with pricing, renewals, endorsements.
• Build and maintain relationships with brokers and clients to generate submissions and cross-sell.
• Provide best-in-class service with timely quotes and end-to-end renewal management, documenting rationale.
• Monitor market trends, regulatory developments, and emerging risks affecting PI lines.
• Assist with PI portfolio management with focus on strategic, profitable growth.
• Actively promote the Markel brand within the market.

Skills

PI underwriting experience

Financial lines knowledge

Market knowledge

Analytical thinking

Decision making under pressure

Commercial awareness

Flexibility & innovation

Relationship building

Regulatory awareness

Job description

Are you an experienced Professional Indemnity Underwriter?

Come and progress your career working with our dedicated Professional Indemnity Division in our London office here at Markel as a Professional Indemnity Underwriter!

What part will you play?

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 and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity:

A great opportunity to join a market leading Professional Indemnity team. We offer insurance cover to clients worldwide across many professions including accountants, solicitors, insurance brokers, actuaries, construction and miscellaneous professions deploying capacity of up to £10m/€15m/$20m on any one risk. We thrive on providing excellent service via our expert underwriters who are available both at Lloyd's and in the offices and have a flexible and innovative approach to underwriting that ensures that we can provide the best products for our customers.

What you’ll be doing:

• Underwrite and manage a portfolio of professional indemnity risks, applying sound underwriting practices to assess, evaluate, and price new business, renewals, endorsements, and adjustments.
• Build and maintain strong relationships with brokers/clients to generate submission flow, secure new business opportunities, and identify cross-sell and up-sell opportunities.
• Offer best in class service to brokers/clients, producing timely quotes and managing the end-to-end renewal process.Making decisions on whether to accept, decline, or refer risks, exercising underwriting authority within defined limits and clearly documenting underwriting rationale.
• Anticipate market trends and keep track of specific underwriting issues, legal developments, and emerging risks affecting professional indemnity lines.
• Assist with PI portfolio management with a focus on strategic, profitable, and sustainable growth.
• Actively promote the company brand within the market.

Our must-haves:

• Experience in professional indemnity or financial lines underwriting and/or broking, with recognised knowledge of PI insurance products.
• Excellent local market knowledge and a strong professional reputation within the PI market.
• Strong analytical and critical thinking skills, with the ability to interpret complex risk information, financial data, and statistical analysis.
• Sound decision-making ability, particularly the confidence to make underwriting decisions under pressure and with incomplete information.
• Commercial awareness and a financial mindset, with the ability to balance risk and reward effectively.
• Ability to respond to a changing environment with flexibility and innovation.
• Relationship-building skills — the ability to develop rapport and trust with brokers, clients, and colleagues.
• Awareness of claims trends and legal/regulatory developments relevant to professional liability.

Who we are:

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.

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 & 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?

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.