Reinsurance Specialty Broker
Lockton is a global broker with an enviable record in recent growth, business retention and client service across their entire network.
Having strengthened their capability in the Speciality Direct Market, Lockton are now looking to invest within their Re-insurance division enabling them to bolster their overall client proposition.
Currently working with all areas of Speciality Reinsurance, they require dynamic individuals with experience in class, with particular emphasis on Marine, Energy & Aviation business, to deal on a Global basis whilst working in conjunction with the International and US network, from a London base. This represents a substantial investment encompassing the appointment of producers, placing brokers and technicians.
As the broker you will be responsible for providing programme design, placement, marketing and consultancy services for clients in line with agreed account strategies and in accordance with operating procedures. You will manage market relationships at both an operational and strategic level, understand clients’ risk profiles and exposures to provide advice on coverage, programme pricing and retention strategy, whilst understanding client business issues, needs and expectations and provide guidance on insurance requirements.
You will assist with the resolution of service issues with insurers and other third party providers, attend Client Strategy Meetings where required and oversee renewals negotiation providing advice and guidance.
Additionally you will work in support of associates by undertaking the broking of new business opportunities, providing relevant market knowledge and attending meetings as required, undertake technical reviews (where identified) of insurance programmes for clients, making recommendations for change, where deemed relevant and constantly monitor the market in order to consider the most appropriate placement strategy for the business.
The right candidate will have an extensive career history broking reinsurance deals within the London Market, be well networked with a good understanding of insurer rating methods and a thorough understanding of risk management concept and risk financing.
You will have an advanced knowledge of speciality risks in particular around Marine Reinsurance and demonstrate the ability to prepare a broking presentation that accurately reflects the cover required and meets the clients’ demands and needs.
This is an exciting opportunity to join a developing reinsurance division, offering expertise in areas aligned to the global growth strategy whilst carving out a long term career.