Broker

Willis Towers Watson; Greater London; Hybrid; GBP 50,000 - 65,000; Full time

Benefits offered by this job

Private healthcare

Group income protection

Defined contribution pension

Hybrid working options

Volunteer day

Employee assistance programme

Share scheme

Car scheme

Job summary

Willis Towers Watson, London, seeks a Facltiv. GB Broker to service UK cedants, place reinsurance, and develop new business. You will build relationships with clients and markets, understand needs, and negotiate placements while ensuring compliant documentation.

Role requires ACII progress, strong broking skills, and experience with (re)insurance concepts. Hybrid working and a strong benefits package support career growth.

Qualifications

• ACII qualified or working towards ACII.
• Proven experience in insurance broking or underwriting.
• Good knowledge of the (re)insurance market, ideally including retail, reinsurance and/or retrocession.
• Strong broking, negotiation, presentation and relationship management skills.
• Commercially focused with experience developing new business and managing client relationships.
• Ability to understand and communicate complex insurance/reinsurance concepts.

Responsibilities

• Develop and maintain strong relationships with clients, cedants and UK/international markets.
• Understand client needs and develop appropriate reinsurance solutions.
• Identify markets and negotiate effective placement strategies.
• Work with Account Executives and Sales teams on structuring, pricing and placing business.
• Develop new business through prospecting, RFPs, presentations, cross-selling and account development.
• Manage renewals and respond promptly to new business opportunities.
• Build strong relationships with underwriters and key market contacts.
• Support programme design, pricing and placement of facultative reinsurance solutions.
• Ensure accurate and compliant processing of contracts, MRCs and placement documentation.
• Maintain accurate CRM and broking system records.
• Deliver high-quality client service and support retention and revenue growth.

Skills

ACII

Relationship management

Negotiation

Market knowledge

Excel

Education

ACII qualification

Tools

Power BI

PQ/RIC

Broking systems

Job description

Description

Join our growing Facultative GB team as a Broker, responsible for placing and servicing existing UK cedants, developing new business and building strong relationships with clients and (re)insurance markets.

The Role

• Develop and maintain strong relationships with clients, cedants and UK/international markets.
• Understand client needs and develop appropriate reinsurance solutions.
• Identify markets and negotiate effective placement strategies.
• Work with Account Executives and Sales teams on structuring, pricing and placing business.
• Develop new business through prospecting, RFPs, presentations, cross-selling and account development.
• Manage renewals and respond promptly to new business opportunities.
• Build strong relationships with underwriters and key market contacts.
• Support programme design, pricing and placement of facultative reinsurance solutions.
• Ensure accurate and compliant processing of contracts, MRCs and placement documentation.
• Maintain accurate CRM and broking system records.
• Deliver high-quality client service and support retention and revenue growth.
• Work collaboratively across WTW and comply with all WTW, FCA and regulatory requirements.

Qualifications

What you’ll bring:

• Preferably ACII qualified or working towards ACII.
• Proven experience in insurance broking or underwriting.
• Good knowledge of the (re)insurance market, ideally including retail, reinsurance and/or retrocession.
• Strong broking, negotiation, presentation and relationship management skills.
• Commercially focused with experience developing new business and managing client relationships.
• Ability to understand and communicate complex insurance/reinsurance concepts.
• Strong organisational skills with the ability to manage deadlines and work under pressure.
• Ability to work independently and as part of a wider team.
• Strong IT skills, including Excel and MS Office; experience with broking systems, Power BI and PQ/RIC is advantageous.
• High level of integrity and commitment to FCA and regulatory requirements.

What We Offer

Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.

We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.

Equal Opportunity Employer

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email [e-mail]