Markel

Underwriter/Senior Underwriter

Posted on: 7 Nov 2021

Chicago, IL

Job Description

What we look for
Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of

customer service and help maintain our position as a leader in the global marketplace.


Markel Style
The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.


If you think you have these core attributes we want to hear from you.

Job Summary:

This individual will be a contributing and valuable member of the US Professional Liability team and will be responsible for achieving growth and profit initiatives through the execution of underwriting and marketing strategies that will bridge all distribution channels.

Apply your knowledge and skill to profitably underwrite Lawyers Professional Liability (LPL) primarily while also learning all other US Pro lines of business including but not limited to A&E, MPL and ML/EPL
Build and manage a book of renewal business, primarily focused on LPL, that is consistent with MKL’s focus on profitable growth
Underwrite efficiently without sacrificing discipline, diligence and quality service
Flexibility to work in a remote and office environment with agility and decisiveness
Attend industry events, remote and/or in-person, to build recognition and knowledge in all lines of US Pro business
Demonstrated ability to negotiate through changing market conditions and to respond appropriately as they evolve
Be a positive reflection on the company by demonstrating integrity and thought leadership in the marketplace
Collaborate with teammates across all product lines including Markel’s regional platform, BDA, MINT, actuarial, claims, etc.
Thoroughly adhere to documentation procedures using E2, ERMS, ImageRight, etc., underwriting systems
Appropriately price and evaluate new and renewal risks using detailed thought analysis from insureds and prospective insureds applications, financials, loss history, and all other pertinent information
Negotiate terms and pricing with brokers on new and existing business
Champion, initiate and manage strong, productive and profitable agency/broker/account relationships
Conduct and lead remote/in-person underwriting meetings with brokers/insureds for US Pro product lines, with an emphasis on LPL
Work closely with current LPL underwriting team to perform related duties as requested including report preparation, presentations, policy review, special projects and analysis to assist in ensuring the long-term success of the LPL product line
Contribute to E&O and related line policies, guidelines, product development and data quality innovation initiatives

Position Requirements

Minimum of 3+ years current LPL underwriting experience preferred
Bachelor’s Degree required; Industry designation or professional degree preferred;
Experience underwriting LPL, ML/EPL would be a plus
Desire and ability to enhance Markel’s position in the domestic marketplace through external engagement and communication
Excellent verbal and written communication skills that contribute to product line clarity
Recognized for delivering compelling presentations to any audience
Strong analytical and organizational skills
Must be a collaborative, team player that can provide creative solutions to problems and enjoys a flexible and spontaneous business environment
Travel as required when appropriate

Markel

Glen Allen, VA

Markel Corporation (NYSE: MKL) is a global Fortune 500 company headquartered in Richmond, Virginia. We seek to be a leader in each of our pursuits, with insurance being our primary business. As a market leader for specialty insurance, reinsurance, and investment operations around the world, Markel embodies integrity, commitment, teamwork, and innovation in every day operations. We are encouraged to look for a better way to do things. Since our founding in 1930, we have sought to know our customers’ needs and to provide quality products and service.

Markel specializes in providing coverage for hard-to-place risks for a variety of niche markets including:

• Agricultural and equine risks

• Reinsurance for large risk enterprises such as oil rigs

• Event cancellation insurance for weddings, concerts, and sporting events

• Inland marine coverage for fine art collections

• Environmental pollution

• Yachts, ATVs, and motorcycles

 

At Markel we provide an atmosphere in which people can reach their personal potential. We are results-oriented, and we continually strive for a better way to do things. The Markel approach is one of spontaneity and flexibility. Markel helps employees balance work and social activities. Markel gives you the keys to success! Keeping an open mind and learning new skills allows our associates to stay ahead of the marketplace.

Above all, we enjoy what we are doing. There is excitement here that comes from innovating, creating, striving for a better way, sharing success with others…winning.