Markel
Senior Underwriter, Professional Liability E&O
Markel, Virginia, Minnesota, United States, 55792
Overview
Senior Underwriter, Professional Liability E&O – Join Markel to underwrite new business and renewals in a profitable manner according to authority level and established guidelines. Participate in special projects impacting the business and collaborate with assigned larger agents/brokers. Utilize underwriting tools to determine classifications, rates, and premium charges. Understand state laws, including cancellation and non-renewal, within the assigned territory to properly transact business. Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions. Assist with resolving premium audit disputes within assigned agents/brokers. Able to provide coaching to others. Responsibilities
Underwrite and service a portfolio which includes E&O, EPL, ML coverages for professional service firms (primarily law firms, accounting firms, and consulting firms) as well as cyber. Negotiate with brokers on program structure, premiums, retentions and terms and conditions. Understand and analyze the applicable exposures of insureds, including financial stability, risk management posture, and cyber hygiene. Analyze coverage and contract language based on industry accepted policy forms. Take lead role in client/underwriter meetings (in-person or remotely) to quantify and assess insurance risks and exposures. Maintain up-to-date familiarity with economic and legal events impacting the portfolio and the overall insurance industry. Meet outlined objectives related to quote/binder turnaround, policy issuance, renewal management, file maintenance and documentation. Cross-sell to existing customers through the promotion of the Company’s products and services. Participate in projects having an impact on the business and actively keep knowledge and skills up to date through courses and seminars where appropriate. Qualifications
5 years’ experience in professional liability; a recent focus on E&O, EPL, ML and/or cyber product lines strongly preferred. Experience with industry accepted policy forms and working knowledge of applicable wordings. Bachelor degree required. Desire and ability to enhance Markel’s position in the Bermuda professional liability marketplace through external engagement and a strong customer service focus. Demonstrated ability to successfully negotiate while developing positive broker relationships. Strong analytical and organizational skills and excellent problem solving/decision making abilities. Strong work ethic. Must be a team player and able to work independently as needed. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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Senior Underwriter, Professional Liability E&O – Join Markel to underwrite new business and renewals in a profitable manner according to authority level and established guidelines. Participate in special projects impacting the business and collaborate with assigned larger agents/brokers. Utilize underwriting tools to determine classifications, rates, and premium charges. Understand state laws, including cancellation and non-renewal, within the assigned territory to properly transact business. Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions. Assist with resolving premium audit disputes within assigned agents/brokers. Able to provide coaching to others. Responsibilities
Underwrite and service a portfolio which includes E&O, EPL, ML coverages for professional service firms (primarily law firms, accounting firms, and consulting firms) as well as cyber. Negotiate with brokers on program structure, premiums, retentions and terms and conditions. Understand and analyze the applicable exposures of insureds, including financial stability, risk management posture, and cyber hygiene. Analyze coverage and contract language based on industry accepted policy forms. Take lead role in client/underwriter meetings (in-person or remotely) to quantify and assess insurance risks and exposures. Maintain up-to-date familiarity with economic and legal events impacting the portfolio and the overall insurance industry. Meet outlined objectives related to quote/binder turnaround, policy issuance, renewal management, file maintenance and documentation. Cross-sell to existing customers through the promotion of the Company’s products and services. Participate in projects having an impact on the business and actively keep knowledge and skills up to date through courses and seminars where appropriate. Qualifications
5 years’ experience in professional liability; a recent focus on E&O, EPL, ML and/or cyber product lines strongly preferred. Experience with industry accepted policy forms and working knowledge of applicable wordings. Bachelor degree required. Desire and ability to enhance Markel’s position in the Bermuda professional liability marketplace through external engagement and a strong customer service focus. Demonstrated ability to successfully negotiate while developing positive broker relationships. Strong analytical and organizational skills and excellent problem solving/decision making abilities. Strong work ethic. Must be a team player and able to work independently as needed. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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