Upstream and Midstream Energy Underwriter

Markel; City Of London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance company in London is seeking an experienced insurance professional to underwrite their Upstream and Midstream energy portfolio. The ideal candidate should have a strong understanding of the energy insurance market, excellent analytical skills, and the ability to maintain relationships with stakeholders. Competitive salary with bonuses and a comprehensive benefits package offered.

Benefits

Annual bonus

Up to 16% company pension

Private medical and dental cover

Income protection

25 days paid holiday

Qualifications

• Experience in the insurance industry, preferably within the upstream or midstream energy market.
• Strong analytical and decision-making skills.
• Active member of a team with excellent communication and interpersonal skills.

Responsibilities

• Underwrite Markel’s Upstream & Midstream energy portfolio.
• Develop and maintain relationships with key stakeholders.
• Conduct regular whole-account assessments for profitability.

Skills

Experience in insurance

Analytical skills

Team collaboration

Communication skills

Microsoft Office Suite proficiency

PowerBI portfolio analysis

Cat / Aggregation Management experience

Education

ACII qualification

Tools

Microsoft Office Suite

PowerBI

Job description

Overview

We are seeking a highly motivated and experienced insurance professional to join our Energy division in London on the Upstream and Midstream team. The ideal candidate will have experience in the insurance industry, preferably within Marine and Energy classes, and will be responsible for portfolio underwriting of Markel’s upstream and midstream energy insurance products. This role requires a strong understanding of the London insurance market, excellent analytical skills, and the ability to oversee procedures within and outside the organization.

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: Markel's M&E team is dedicated to providing innovative and tailored insurance solutions to meet the diverse needs of our clients. Our Energy team within the Marine and Energy Division is part of a Wholesale group offering services for various specialty lines such as Equine and Livestock, Marine and Energy Liability, Trade Credit, Political Risk, and Surety (TCPRS). Our underwriting teams are known for their expertise in underwriting complex risks and delivering exceptional service. The Energy team focuses on underwriting a wide range of energy risks, including upstream, midstream & downstream energy, Power & Sustainable Energy and Marine liabilities. Our team of experienced underwriters is dedicated to providing comprehensive coverage and exceptional service to our clients. The division is led by industry experts who are committed to driving sustainable, profitable growth and strengthening relationships with key stakeholders.

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

• Underwrite Markel’s Upstream & Midstream energy portfolio, ensuring long term profitability and growth
• Develop and maintain strong relationships with key stakeholders internally and with broker counterparts externally
• Conduct thorough and regular whole-account assessments and make informed underwriting decisions steering the portfolio towards constant profitability
• Collaborate with other underwriters and team members to achieve business objectives efficiently
• Monitor aggregates, including catastrophe management, within corporate thresholds and maximum capacities
• Maintaining accurate capture of aggregation, risk and technically rated premium data on the company systems
• Portfolio Analysis using various software and data analysis systems & reporting on portfolio performance as required
• Prioritise customer experience with best-in-class response times to all stakeholders
• Ensure compliance with company policies, procedures, and regulatory requirements
• Work within the efficient and effective workflow procedures within the portfolio

Key Skills

• Experience in the insurance industry, preferably within the upstream or midstream energy market
• Strong analytical and decision-making skills
• Demonstrate being an active member of a team and contribute in an open environment with excellent communication and interpersonal skills
• Proficiency in using Microsoft Office Suite and PowerBI portfolio analysis tools
• Experience with Cat / Aggregation Management software would be an advantage
• An ACII qualification, or being in the process of obtaining it, would be beneficial

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!

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

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.