Broker Support- Re-Insurance

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The Reinsurance team in group operations is reintroducing the processing of Treaty re-insurance and is seeking an experienced Broker Support individual to support this initiative.

The Reinsurance team is recognized as a market leader in the fast-growing Industry Loss Warranty (ILW) and Insurance Linked Securities (ILS) markets, working with some of the largest global players. They are reintroducing Treaty re-insurance processing and are looking for individuals experienced in this field to assist.

The Opportunity

This is a fantastic opportunity for someone to join as broker support within a niche team that is making significant market impact, holding a 10% market share in the ILW space. The team is reintroducing Treaty re-insurance processing, including understanding treaty time limits and excess of loss.

Responsibilities

• Understand clients’ business and risk management needs; support delivery through ongoing service.
• Track impending renewals and gather renewal information timely to facilitate terms and firm orders.
• Liaise with Account Executives and client-facing teams to gather information for market documentation and ensure it meets client and market requirements.
• Develop and produce bespoke wordings and other wording products as needed.
• Incorporate agreed wording changes into contracts.
• Support the creation of presentations for new and existing clients.
• Prepare accurate and timely client documentation (Market Reform Contracts, Evidence of Cover, Policies, slips, wording clauses, etc.) in line with client and market needs.

Qualifications

At least 3 years of experience in a similar role.

Knowledge

• Familiarity with Lloyd's & London insurance and reinsurance markets and reinsurers.
• Understanding of account handling and broking processes.
• Knowledge of Treaty Re-insurance (preferred).

Experience

• Technical insurance experience, such as account handling, broking, or underwriting.
• Experience in producing Market Reform Contracts (MRCs) and broking.
• Knowledge of Treaty Insurance is essential.

Benefits

Alongside a competitive salary, we offer a comprehensive benefits package including:

• 10% pension contribution from Miller, with matching contributions up to 5%.
• Private Medical Insurance.
• Minimum of 25 days annual leave, with flexibility to purchase additional days.
• Life Assurance.
• Income Protection.
• Critical Illness Cover.
• Enhanced Maternity, Paternity, Adoption, and Shared Parental Leave.

Miller is committed to providing equal opportunities and fostering an inclusive working environment.