Markel
Overview
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 Head of Underwriting Risk manages volatility for Markel in the US and Bermuda and is a member of the Office of the CUO US/Bermuda team. At Markel, we believe in a disciplined underwriting approach that balances opportunity with long-term sustainability. The Head of Underwriting Risk plays a critical leadership role in ensuring that our underwriting practices align with our enterprise risk appetite, supports profitable growth, and reflects our commitment to thoughtful risk selection. This role will lead the development and oversight of underwriting risk frameworks across Markel in the US/Bermuda partnering closely with underwriting, actuarial, finance, and ERM teams. The role collaborates with the Chief Underwriting Officer for US/Bermuda, US Wholesale and Specialty, and the Presidents within Programs & Solutions to measure, control, and mitigate these risks to keep volatility within specified parameters.
Key Responsibilities
Duties and Accountabilities Lead deterministic scenario analyses across all portfolios to assess the impact of macroeconomic, geopolitical, climate, litigation, and technological risks Monitor underwriting risk exposures across portfolios, identifying emerging, systemic and individual risk concentrations. Develop and implement consistency in the underwriting approach to address these risks across US & Bermuda. Oversee stress testing, scenario analysis, and portfolio reviews to assess risk-adjusted performance Define and maintain underwriting risk appetite statements and tolerances, aligned with enterprise risk and capital frameworks in coordination with the CUO, US & Bermuda. Take actions to measure, control and mitigate these risks to ensure volatility remains within appetite
These actions may include modelling, scenarios, exclusions, aggregate limits and reinsurance
Partner with Catastrophe Management, Risk Management/Loss Control, Underwriting, Actuarial, Product & Regulatory Services, Ceded Reinsurance, Finance, Operations and Corporate Teams to quantify potential impacts and inform underwriting strategy Promote a culture of risk awareness and reporting across Markel US & Bermuda’s underwriting divisions Continuously improve Markel’s best practices in underwriting risk management, using developments both within and outside the insurance industry
Skills, knowledge and experience
The successful candidate will: Demonstrate a high level of curiosity, a desire to think beyond the expected and an ability to challenge accepted norms Possess sufficient specialty insurance knowledge to assimilate the outputs from catastrophe models, scenarios analyses and understand the key features of Markel US/Bermuda products and reinsurance treaties Be able to work across departments, disciplines and territories with sufficient convening authority Have a track record of effective and persuasive communication in large and small groups and at all levels of an organization
Qualifications
Minimum 15+ years of underwriting experience or strong analytics experience, with a strong technical background. Bachelor\'s degree required; advanced degree or professional certifications preferred. Strong analytical, strategic, and communication skills. Experience with expense management and performance metrics.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information
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: In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.
We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
Are you ready to play your part?
Choose
‘Apply Now’
to fill out our short application, so that we can find out more about you.
Caution: Employment scams
Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. For safety, please note the following: All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings. All legitimate communications with Markel recruiters will come from Markel.com email addresses.
We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.
Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. If you require accommodation through the application process, please email rarecruiting@markel.com. No agencies please.
#J-18808-Ljbffr
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 Head of Underwriting Risk manages volatility for Markel in the US and Bermuda and is a member of the Office of the CUO US/Bermuda team. At Markel, we believe in a disciplined underwriting approach that balances opportunity with long-term sustainability. The Head of Underwriting Risk plays a critical leadership role in ensuring that our underwriting practices align with our enterprise risk appetite, supports profitable growth, and reflects our commitment to thoughtful risk selection. This role will lead the development and oversight of underwriting risk frameworks across Markel in the US/Bermuda partnering closely with underwriting, actuarial, finance, and ERM teams. The role collaborates with the Chief Underwriting Officer for US/Bermuda, US Wholesale and Specialty, and the Presidents within Programs & Solutions to measure, control, and mitigate these risks to keep volatility within specified parameters.
Key Responsibilities
Duties and Accountabilities Lead deterministic scenario analyses across all portfolios to assess the impact of macroeconomic, geopolitical, climate, litigation, and technological risks Monitor underwriting risk exposures across portfolios, identifying emerging, systemic and individual risk concentrations. Develop and implement consistency in the underwriting approach to address these risks across US & Bermuda. Oversee stress testing, scenario analysis, and portfolio reviews to assess risk-adjusted performance Define and maintain underwriting risk appetite statements and tolerances, aligned with enterprise risk and capital frameworks in coordination with the CUO, US & Bermuda. Take actions to measure, control and mitigate these risks to ensure volatility remains within appetite
These actions may include modelling, scenarios, exclusions, aggregate limits and reinsurance
Partner with Catastrophe Management, Risk Management/Loss Control, Underwriting, Actuarial, Product & Regulatory Services, Ceded Reinsurance, Finance, Operations and Corporate Teams to quantify potential impacts and inform underwriting strategy Promote a culture of risk awareness and reporting across Markel US & Bermuda’s underwriting divisions Continuously improve Markel’s best practices in underwriting risk management, using developments both within and outside the insurance industry
Skills, knowledge and experience
The successful candidate will: Demonstrate a high level of curiosity, a desire to think beyond the expected and an ability to challenge accepted norms Possess sufficient specialty insurance knowledge to assimilate the outputs from catastrophe models, scenarios analyses and understand the key features of Markel US/Bermuda products and reinsurance treaties Be able to work across departments, disciplines and territories with sufficient convening authority Have a track record of effective and persuasive communication in large and small groups and at all levels of an organization
Qualifications
Minimum 15+ years of underwriting experience or strong analytics experience, with a strong technical background. Bachelor\'s degree required; advanced degree or professional certifications preferred. Strong analytical, strategic, and communication skills. Experience with expense management and performance metrics.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information
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: In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.
We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
Are you ready to play your part?
Choose
‘Apply Now’
to fill out our short application, so that we can find out more about you.
Caution: Employment scams
Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. For safety, please note the following: All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings. All legitimate communications with Markel recruiters will come from Markel.com email addresses.
We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.
Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. If you require accommodation through the application process, please email rarecruiting@markel.com. No agencies please.
#J-18808-Ljbffr