Overview
We are looking for a Senior Financial Institutions Underwriter to develop, expand, and strengthen our Financial Institutions portfolio across Spain, Portugal, and Italy within our European Underwriting team.

Responsibilities

Underwrite and grow the Financial Institutions book of business profitably within the dedicated region.

Establish, develop, and expand broker and customer relationships.

Extend and consolidate our footprint as a recognized insurance partner by assessing, proposing, and negotiating insurance conditions for large and midsize projects, with a primary focus on Liability.

Collaborate closely with the Madrid team regarding clients and brokers.

Assess risks, coverage, terms, and conditions, driving related underwriting processes.

Work with the General Manager of the Madrid office and the Liability department to ensure development and profitability of the portfolio.

Develop underwriting strategy, guidelines, standards, processes, and tools, and develop new products or update existing ones as required.

Handle referral business.





Interact with other functions (Business Development, Technical Underwriting, Claims) across the business.

Champion continuous improvements and continually work with the team to improve end‑to‑end processes and data accuracy.

Attend regular broker and client meetings and travel to represent Markel as required.

Must-Haves

Ability to work in a fast‑paced environment, multi‑task, and make quick decisions while maintaining underwriting integrity and profitability.

Proven experience in an underwriting function and an understanding of the regional insurance market.

Effective interpersonal skills to collaborate with partners within Spain and Southern Europe.

Proactive approach to identifying new business opportunities with a strong focus on profitable growth.

Fluency in Spanish, and a good level of written and spoken English. Knowledge of Portuguese and/or Italian is a plus.

A positive mindset and people‑orient

📌 Senior Underwriter Financial Institutions (Madrid)
🏢 Markel Insurance
📍 Madrid