Delegated Authority/MGA Broker

LGBT Great; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a P&C MGA Broker to join their dynamic team in London. This exciting role involves collaborating with senior brokers to drive broking strategies and support clients with delegated underwriting authority placements. As part of a diverse and inclusive workplace, you will have the opportunity to develop strategic relationships while contributing to significant revenue targets. The company promotes a culture of continuous learning and offers a comprehensive benefits package, including global wellbeing days, ensuring you can thrive both personally and professionally. If you are a proactive team player with a passion for innovation, this is the perfect opportunity for you.

Benefits

Global Wellbeing Days

Flexible Working Solutions

Continuous Learning Opportunities

Diversity and Inclusion Initiatives

Qualifications

• Strong knowledge and experience of delegated underwriting mechanics.
• Proven broking experience with a willingness to learn and innovate.
• Ability to develop relationships across Aon and with clients.

Responsibilities

• Coordinate marketing and negotiation of delegated authorities.
• Engage with Aon Analytics for market presentations.
• Provide essential support to achieve MGA Team revenues.

Skills

Delegated Underwriting

Client Engagement

Communication Skills

Team Player

MS Applications (Excel, Word, Outlook, Powerpoint)

Education

DipCII/ACII

Tools

MS Excel

MS Word

MS Outlook

MS Powerpoint

Job description

Aon Reinsurance Solutions (UK) – P&C MGA Broker

We’re hiring!

Aon is currently recruiting for a P&C MGA broker to join the MGA Segment team in London. This role will work with the senior brokers/Account Executives driving broking and growth strategy, and the junior brokers responsible for providing broking execution and services to our clients at a tactical level, along with account managers.

They will co-ordinate and contribute to the marketing and / or negotiation of delegated authorities and associated MGA transactions within the Lloyd’s and Company Market (globally) across all product lines on a day to day basis in accordance with market strategy.

This role comes to the market at an exciting time, as the team pivots to a more expansive position supporting the full suite of products across Aon Reinsurance UK and the wider Aon community with a focus on achieving substantial targets.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

About the Role

As a broker, some of your key responsibilities will involve:

• working on Delegated Underwriting Authority (DUA) placements, including traditional Binding Authorities and Alternative Distribution Transactions;
• providing assistance to MGA clients and Aon colleagues on DUA placement design, available coverage and capacity, likely pricing, potential coverage improvements and market progress;
• engaging with Aon Analytics and Modelling to deliver analysis required to develop market presentations and broking strategy;
• understanding and applying the full range of Aon United capabilities for the benefit of MGA/ DUA and insurance clients;
• provide essential support to help deliver MGA Team revenues;
• be forward thinking to help the team provide consistent results to clients;
• providing specialist advice to clients and colleagues;
• being a great teammate – ability to collaborate across the MGA and product segments of Aon Reinsurance Solutions UK and offer mentorship;
• building strategic relationships and help deliver long terms strategy for clients;
• being responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of required training) that may adversely affect the business, interests or reputation of any Group Company.

About you

As a broker your skills and qualifications will ideally include:

Essential:

• evidence of operating as a team player
• strong knowledge and experience of the mechanics of delegated underwriting;
• willingness to learn and innovate;
• the ability to develop relationships across Aon, markets and clients;
• experience of client engagement;
• strong communication skills;
• proven broking experience;
• good competence with MS applications (Excel, Word, Outlook, Powerpoint).

Desirable:

• market experience of crafting and negotiating Delegated Underwriting Authority (DUA) placement;
• professional qualifications (DipCII/ACII);
• knowledge of, and strong relationships with, relevant DUA stakeholders;
• ability to challenge the norm;
• think strategically within framework of the MGA Segment team and Aon Reinsurance UK.
• Good understanding of analytics and the ability to interpret data.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on [e-mail]

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

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