Broker (Associate Director)

Arthur J. Gallagher & Co.; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An innovative firm in the reinsurance sector is seeking an experienced broker to join their London team. This role offers a unique opportunity to work with cutting-edge analytics and insights, empowering clients to make strategic decisions. You will collaborate with a dedicated team, managing client accounts and developing reinsurance transactions. Ideal candidates will possess strong technical knowledge and negotiation skills, ensuring the delivery of best-in-class solutions. Join a company that values diversity and inclusion, and take your career to new heights in a supportive and dynamic environment.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance (4x salary)

Health cash plan or Private medical insurance

Employee Stock Purchase plan

Discounted gym membership

Season ticket loan

Emergency back-up family care

Three fully paid volunteering days

Access to discounted voucher portal

Qualifications

• Experience in handling treaty reinsurance business.
• Strong command of technical and statistical skills.

Responsibilities

• Support client management and broking functions.
• Engage with stakeholders for reinsurance transactions.

Skills

Technical Reinsurance Knowledge

Negotiation Skills

Analytical Skills

Communication Skills

Team Collaboration

Education

Chartered Insurance Institute Qualification (Cert CII, Dip CII, ACII)

Tools

Microsoft Office (Word, Excel, Outlook, PowerPoint)

Job description

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

Gallagher Re seeks an experienced broker to join its London based EMEA treaty reinsurance team. The candidate should have solid experience in the P&C treaty reinsurance market and have a strong command of technical, statistical and broking skills.

This role will be based in our Walbrook office in London

How you'll make an impact

The role is working alongside the Client Advocate in supporting client management and broking functions.

You will be focused on the development and execution of reinsurance transactions across classes, using all the resources that Gallagher Re has to offer.

The role will require effective communication with various stakeholders, both internal and external.

Typical tasks would include:

· Frequent engagement with colleagues across various Gallagher Re offices that all work towards the EMEA market.

· Working alongside the Client Advocate and the wider client team (such as actuaries, Cat modellers, servicing team) to help build client advice.

· Manages day to day handling of the account and first stage idea development of structure, coverage and marketing strategy

· Review data, statistics, and information packs in support of the placement of a client’s reinsurance programme to aide with marketing and broking

· Support creation of slips to ensure client has best in class coverage

· Coordinates analytics / servicing resources and more broadly builds client team sense of community

· Leads on tender, structuring and placement execution

· Checks that accounting and claims servicing is top quality

· Escalates issues to Client Advocate and Advocate Partner· Representing clients and Gallagher Re in the market

· Manage and resolve queries from clients and reinsurers, including regular in person engagement

· Work on ad hoc projects, supporting strategy, conducting research and supporting production of reports/PowerPoint presentations

· Work on RFPs and tenders supporting the growth of Gallagher Re

About you

We are looking for a friendly individual with:

· An aptitude for numbers

· Track record of accurate detailed work

· Technical Reinsurance knowledge and experience

Qualifications

· A Chartered Insurance Institute qualification (Cert CII, Dip CII, ACII) desired

· Experience of handling treaty reinsurance business

Technical Knowledge

· Understand client’s financial and business environment, their opportunities and issues

· Relate that environment to reinsurance solutions, through knowledge of risk assessment and financial mechanics

· Thorough knowledge of reinsurance products, especially related to property classes

· Understanding of vendor cat models and the ability to interpret DFA output

Experience

· Experience of handling treaty reinsurance business

· Ability to discuss wider risk and capital management and regulatory issues affecting the (re)insurance industry and bring ideas and solutions to existing clients

· Strong negotiation skills and knowledge of reinsurance marketplace

Skills/Other

· Microsoft Office (Word, Excel, Outlook and PowerPoint)

· Team player and able to build relationships

· Highly organised with good time management skills

· Be able to prioritise different tasks and workload

· Soft skills such as awareness and appreciation of different cultures

Eligibility Requirements

· Eligible to work in the UK

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:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

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 organisation. 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.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with [e-mail] . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

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.