Broker (Associate Director)

Gallagher; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Gallagher Re is looking for an experienced broker to join their London EMEA treaty reinsurance team. The role involves client management and executing reinsurance transactions, requiring strong negotiation skills and thorough knowledge of reinsurance products. Candidates should have a Chartered Insurance Institute qualification and experience in treaty business.

Benefits

Competitive salary

Extensive benefits package

Holiday entitlement

Pension scheme

Life insurance

Income protection

Health plans

Volunteering days

Stock plans

Gym discounts

Qualifications

• Experience in handling treaty reinsurance business.
• Technical reinsurance knowledge and experience is essential.
• Ability to discuss risk and regulatory issues.

Responsibilities

• Support client management and broking functions.
• Engage with colleagues across Gallagher Re for the EMEA market.
• Review data and statistics to support reinsurance placement.

Skills

Negotiation skills

Relationship-building

Time management

Analytical skills

Education

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

Tools

Microsoft Office Suite

Job description

Gallagher Re is seeking an experienced broker to join its London-based EMEA treaty reinsurance team. The ideal candidate will have solid experience in the P&C treaty reinsurance market, with strong technical, statistical, and broking skills. This role is based in our Walbrook office in London.

How you'll make an impact

The role involves working alongside the Client Advocate to support client management and broking functions. You will focus on developing and executing reinsurance transactions across various classes, utilizing Gallagher Re's resources. Effective communication with internal and external stakeholders is essential.

1. Engage frequently with colleagues across Gallagher Re offices serving the EMEA market.
2. Collaborate with the Client Advocate and wider team (actuaries, Cat modelers, service teams) to build client advice.
3. Manage daily account activities and initial development of structure, coverage, and marketing strategies.
4. Review data, statistics, and information packs to support reinsurance placement and marketing efforts.
5. Assist in creating slips to ensure optimal client coverage.
6. Coordinate analytics and servicing resources, fostering a sense of community within the client team.
7. Lead tender processes, structuring, and placement execution.
8. Ensure high-quality accounting and claims servicing.
9. Escalate issues to the Client Advocate and Partner as needed.
10. Represent clients and Gallagher Re in the market.
11. Manage and resolve client and reinsurer queries, including in-person engagements.
12. Contribute to ad hoc projects, research, and report/presentation production.
13. Support RFPs and tenders to promote Gallagher Re's growth.

About You

We seek a friendly individual with:

• An aptitude for numbers.
• A track record of accurate, detailed work.
• Technical reinsurance knowledge and experience.

Qualifications

• Chartered Insurance Institute qualification (Cert CII, Dip CII, ACII) preferred.
• Experience in handling treaty reinsurance business.

Technical Knowledge

• Understanding of clients’ financial and business environments and related reinsurance solutions.
• Thorough knowledge of reinsurance products, especially property classes.
• Ability to interpret vendor cat models and DFA output.

Experience

• Experience in treaty reinsurance handling.
• Ability to discuss risk, capital management, and regulatory issues affecting the industry.
• Strong negotiation skills and marketplace knowledge.

Skills and Other Attributes

• Proficiency in Microsoft Office Suite.
• Team-oriented with strong relationship-building skills.
• Highly organized with good time management.
• Ability to prioritize tasks effectively.
• Awareness and appreciation of different cultures.

Eligibility

Applicants must be eligible to work in the UK.

Compensation and Benefits

Offers include a competitive salary, extensive benefits such as holiday entitlement, pension scheme, life insurance, income protection, health plans, and additional perks like volunteering days, stock plans, gym discounts, and more.