Broker

Munich Re Specialty - North America; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading insurance expert is looking for a Broker to join their London office. This role offers the opportunity to manage client relationships and negotiate insurance solutions within the thriving Lloyd’s and London market. The successful candidate will benefit from a supportive environment with career development opportunities and competitive compensation.

Benefits

25 days annual leave plus bank holidays

Private medical insurance

Flexible working hours

Hybrid working support

Professional qualification support

Generous family leave policy

Work-life balance initiatives

Qualifications

• Experience in broking and negotiation with clients.
• Understanding of Lloyd’s and London market insurance practices.
• Analytical skills to produce performance-related data.

Responsibilities

• Manage and negotiate new and renewal business with clients.
• Develop and maintain relationships with markets and clients.
• Produce presentation material and handle performance analysis.

Skills

Relationship Management

Negotiation

Data Analysis

Job description

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Introduction

Bell & Clements (B&C) is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.

Company

Munich Re Specialty - North America

Location

London , United Kingdom

Introduction

Bell & Clements (B&C) is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.



We are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies, and Munich Re owned capacity in Germany and the US.

Why join us?

We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.

The Role: Broker based in London offices

Purpose of the Position

To manage and negotiate new and renewal business with Lloyd’s, London market companies, and clients. This includes producing presentation material, handling data and performance analysis, and developing business relationships.

Key Responsibilities

Broking Responsibilities

• Develop and maintain strong relationships with clients and markets
• Manage end-to-end placement of assigned contracts, including:
• Preparing renewal presentations
• Monitoring US contract renewals to ensure timely issuance
• Producing performance-related data and statistical analysis
• Completing broking documentation (broking checklist, business plan, market sheets, TCF forms)
• Clearing temp table transactions
• Liaise with Claims and Underwriting (in-house and GLISE) to resolve queries
• Handle new and renewal open market risks
• Identify and develop new business opportunities
• Support the data analytics team in enhancing reporting capabilities
• Ensure data accuracy and completeness to support departmental needs
• Assist the Chief Broking Officer and Head of Broking as needed
• Contribute to team development and knowledge sharing
  
  

Other Responsibilities

• Resolve internal and external queries proactively
• Escalate complex issues to senior staff as appropriate
• Participate in US travel and client visits as required
• Engage with Continuous Conversations for performance and development
• Set and work towards personal and professional development goals
• Comply with all company policies and procedures
  
  
  

Benefits

• This position is offered on a Permanent basis.
• Annual salary will be dependent on the skills and experience of the successful candidate.
• Annual leave - 25 days per year (plus bank holidays), increases with length of service.
• Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an annual allowance (currently £550) any activities which supports health and wellbeing.
• Hybrid and remote working – to support your work balance we have introduced hybrid working. You will be provided with support to work from home up to a maximum of three days per week.
• Flexible working hours – the opportunity to flex your working hours.
• Professional Qualification Support – (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses.
• Generous gender-neutral family leave policy - employees with 26 weeks’ continuous service at the Expected Week of Childbirth are eligible to receive 26 weeks full pay.
• Team fun – warm and social culture with regular get togethers.
  
  
  

Equal Opportunities

Bell and Clements is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status.

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Seniority level

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