Reinsurance Broker

Gallagher Re; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading global insurance firm is seeking an ambitious and analytical broking talent to join its dynamic team in Toronto, Ontario. You will work on analyzing insurance risks, preparing reinsurance placements, and ensuring accurate documentation. The ideal candidate has at least 3 years' experience in Property and Casualty insurance and possesses strong analytical and client management skills. Competitive salary and benefits offered.

Benefits

Flexible medical & dental coverage

Employee Stock Purchase Plan

Discounted gym membership

Qualifications

• Minimum 3 years of work experience in Property and Casualty insurance, reinsurance, contracts or consulting.
• Understanding of the business cultures in Bermuda, Caribbean, and London Markets.
• Ability to conduct business in multiple languages.

Responsibilities

• Analyze insurance risks and advise clients on reinsurance treaty structures.
• Prepare and complete reinsurance placements.
• Review contractual obligations and ensure comprehension of risk transfer.

Skills

Analytical thinking

Client relationship management

Presentation skills

Education

Bachelor's degree

Job description

Overview

Gallagher Re is seeking an ambitious, analytical broking talent with a minimum of 2 years' experience in reinsurance, contracts or consulting to join our Philadelphia office. Gallagher Re has grown significantly in the past few years and is looking for dynamic brokers to join the team to help expand and deliver best in class support to our growing roster of accounts. This is a client-facing role in a team environment that involves new business production, product development and servicing existing clients.

How You'll Make An Impact

In this role you will :

• Act as a key member of the broking team partnering with actuaries and cat modelers to analyze insurance risks on a portfolio level to advise global Property & Casualty clients on reinsurance treaty structures to mitigate downside risk and improve capital efficiency.
• Prepare, transmit, market, and complete reinsurance placements via Bermuda and London.
• Review contractual obligations, with a keen eye on translation impacts. You will conduct reviews of complex reinsurance contracts in their language of origin to ensure a comprehensive understanding of the intended meaning and wording of risk transfer and liability.
• Ensure company, market and client related documentation is issued (internally and externally) accurately and on time.
• Coordinate internal resources, such as analytics, contracts and client services to provide solutions to clients.
• Conduct in depth risk analyses and presents findings to internal teams and clients
• Meet with senior managers of client companies to present materials.
• Be a thought Leader : Conduct research on industry topics and develop content to be shared with Clients and Prospects, published in journals and / or presented at conferences and tradeshows.
• Each member of our Broking team will join at least one Product Vertical or Segment (i.e. Property, Casualty, Professional Liability, Surety, etc.) participating in the development of our global production strategy
• Align with external and internal regulatory and statutory policies, procedures and regulations.

Supervisory Responsibilities

While this job does not have an official supervisory function, you will be expected to assist in the training and development of graduate hires.

About You

• Bachelor\'s degree from four-year College or university.
• 3 or more years of work experience in Property and Casualty insurance, reinsurance, contracts or consulting.
• Understanding of the business cultures of the Bermuda, Caribbean, and London Markets. Adept at conducting business in languages other than English.
• Experience giving presentations to clients and internal groups.

Additional Considerations

• ARe Designation and Insurance License
• Team player and ability to problem solve
• Desire to build relationships with global reinsurers

Comprehension of :

Core client services practices and procedures

• Contracts practices and procedures
• Legal and Regulatory environments of the Insurance sector
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Solid ability to communicate in written and verbal form with clients, prospects, and reinsurers
• Skill to effectively present information and respond to questions from groups of managers, clients, customers, and the public.

Compensation And Benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the

minimum core benefits

you\'ll get, depending on your job level these benefits may improve :

• Flexible medical & dental coverage to meet your household\'s needs
• Life, Dependent Life and AD & D Insurance options
• Retirement savings including RRSP including a company match, TFSA, pension and more
• Employee Stock Purchase Plan

Other benefits include :

• Educational expense reimbursement
• Employee assistance programs
• Discounted gym membership (GoodLife Fitness)
• Opportunity for flexible work arrangements
• Paid sick days & personal days
• Employee education recognition program
• Employee referral bonus program

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it\'s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees\' diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

We are an equal opportunity employer which values diversity in the workplace and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as "protected characteristics") by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.