Marine Insurance Broker

Shory; Abu Dhabi; On-site; AED 99,000 - 121,000; Full time

Job summary

Shory in Abu Dhabi seeks an experienced Marine Insurance Broker to manage a portfolio of hull, machinery, cargo, and yacht risks for UAE and regional clients.

You will negotiate terms with UAE-licensed insurers, access Lloyd's and international reinsurers, and ensure compliance with Central Bank of the UAE regulations.

The role involves client management, renewals, endorsements, and guiding clients through claims with insurers, adjusters, and surveyors.

Qualifications

• At least 5 years' experience in marine insurance broking or underwriting in the UAE.
• Strong knowledge of the UAE insurance market and regulatory framework.
• Proven experience placing or structuring business with international reinsurance markets.
• Working knowledge of marine policy forms, including Institute Clauses, Nordic Plan and IG P&I club rules.
• Degree or equivalent professional experience; CII qualification preferred.

Responsibilities

• Place and renew marine risks across hull and machinery, war risks, P&I, cargo, and yachts.
• Prepare clear market submissions, negotiate terms and present options with recommendations to clients.
• Place risks with UAE-licensed insurers and structure facultative reinsurance support where local capacity or terms fall short.
• Access international reinsurance markets, including Lloyd's, London company markets and regional hubs, directly or through placing partners.
• Manage a portfolio of shipowners, ship managers, yacht owners, traders and logistics clients.
• Act as the main day-to-day contact, including renewals, endorsements and mid-term changes.
• Review clients' contracts, charter parties and financing documents for insurance requirements.
• Guide clients through claims notification and handling, working with insurers, adjusters and surveyors.
• Escalate and advocate on complex or disputed claims.
• Maintain accurate records and support reporting and portfolio reviews.

Skills

Marine insurance broking

Underwriting

Lloyd's & international markets

Client management

Regulatory compliance UAE

Education

Chartered Insurance Institute qualification (Cert CII, Dip CII or ACII)

Tools

Lloyd's Market Access

Reinsurance placement platforms

Job description

The Marine Insurance Broker places and services a portfolio of marine risks for UAE and regional clients. The role combines deep knowledge of the local insurance market with access to international reinsurance capacity, to secure competitive terms and grow marine income for the business.

Key responsibilities

Broking and placement

• Place and renew marine risks across hull and machinery, war risks, P&I, cargo, marine liabilities and yachts.
• Prepare clear market submissions, negotiate terms and present options with recommendations to clients.
• Place risks with UAE-licensed insurers and structure facultative reinsurance support where local capacity or terms fall short.
• Access international reinsurance markets, including Lloyd's, London company markets and regional hubs, directly or through placing partners.

Client management

• Manage a portfolio of shipowners, ship managers, yacht owners, traders and logistics clients.
• Act as the main day-to-day contact, including renewals, endorsements and mid-term changes.
• Review clients' contracts, charter parties and financing documents for insurance requirements, such as loss payee and assignment clauses.
• Guide clients through claims notification and handling, working with insurers, adjusters and surveyors.
• Escalate and advocate on complex or disputed claims.

Compliance and documentation

• Ensure placements comply with Central Bank of the UAE regulations, sanctions requirements and internal procedures.
• Maintain accurate records, cover notes, policy documents and placement files in the broking system.
• Support the Head of Marine with reporting, renewal planning and portfolio reviews.

Experience and qualification

• At least 5 years' experience in marine insurance broking or underwriting in the UAE.
• Strong knowledge of the UAE insurance market, including its leading marine insurers,local practices and regulatory framework.
• Proven experience placing or structuring business with international reinsurance markets, such as Lloyd's, London, European and Asian reinsurers.
• Working knowledge of marine policy forms, including Institute Clauses, Nordic Plan and International Group P&I club rules.

Degree or equivalent professional experience.

• Chartered Insurance Institute qualification (Cert CII, Dip CII or ACII) or equivalent.
• Existing relationships with regional insurers and international reinsurers.
• Experience with Commercial and yacht insurance, ship finance requirements or marine