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Sr. Director/Managing Director US RM Public D&O & US RM Financial Institutions

Markel

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 primary purpose of this position is to oversee the growth and profitability of the US Risk Managed Public D&O and US Risk Managed Financial Institutions product lines. Uses established understanding of business dynamics and regulations to achieve results while collaborating effectively with colleagues around the country. Recognized as a national leader in the insurance industry, possesses strong strategic thinking, creative problem-solving and critical thinking skills. Executes business strategy, leads change, drives results, promotes enterprise culture, attracts top talent, maximizes individual and organizational performance, communicates effectively, and influences others. Work to create efficiencies and implement required changes.

Duties and Responsibilities:

  • Delegate underwriting authority to underwriting staff via letters of authority; monitor and revise as appropriate. Ensure a quality underwriting work product is produced consistent with letters of authority, underwriting strategy, standards, and process.
  • Assist and oversee product strategy, communication and execution. 
  • Provide leadership, direction and support to underwriting teams. Is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies.
  • Forward-facing to key external broker partners and clients.
  • Maximizes individual and team performance.
  • Drive results through effective communication and leadership.
  • Responsible for overall performance of the products relative to established growth, profit, and combined ratio targets.
  • Presents to senior management on key indicators, metrics, and drivers that impact the attainment of business goals.
  • Acts as a knowledge expert within the company on industry trends related to assigned products and educates the organization on best practices in the market, assisting and leading the product line leaders as they make recommendations on product design, price and development efforts.
  • Supports the product lines in the analysis of coverage and contract language based on industry accepted policy forms.
  • Drive accountability/leadership across our initiatives within the Retail/Wholesale Platforms and across all Territories/Regions in the US.
  • Drive cross-sell opportunities to existing customers and brokers for the US RM Professional Liability platform through the promotion of the Company’s products and services.
  • Assist in the development and implementation of new products.
  • Work within our governance framework to ensure compliance.

Qualifications and Requirements:

  • 15-20+ years Professional Liability insurance underwriting experience. Recent underwriting leadership or product management of US Risk Managed Public D&O and US Risk Managed Financial Institutions product lines;
  • Bachelor’s degree in business or related field from an accredited University/College.
  • Broad understanding of claims, actuarial, product development, regulatory and compliance functions;
  • Strong Retail broker relationships on a national scale required;
  • Strong interpersonal and management skills, the ability to communicate effectively, and excellent negotiation skills.
  • Strong analytical skills and excellent problem solving/decision making abilities.
  • Ability to work extended hours and travel at short notice.
  • Minimum travel 35%

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.   
  • Markel offers hybrid working schedules of 3 days in the office and 2 days remote. 

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. 

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The salary for the Sr. Director level position is $218k to $281k with a 55% bonus. The salary for the Managing Director position is $250K to $375k with a 50% cash target and 35% LTI potential.   

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. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that: 

  • All legitimate job postings with Markel will be posted on Markel Group Careers. 
  • 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. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.  

Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com. 

Pay information:

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Confirmed 10 hours ago. Posted 30+ days ago.

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