Delegated Authority Producing Broker

IDEX Consulting Ltd; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Share scheme

Professional development

Career progression

Job summary

IDEX Consulting Ltd is representing an independent Lloyd's broker seeking a senior producer to lead delegated authority growth in their delegated authority division. You will originate and win new delegated authority business from MGAs, Coverholders, brokers and insurance clients, and set your own business development strategy.

You will negotiate Binding Authorities, Lineslips and delegated underwriting arrangements, onboard new facilities with teams, and represent the firm at market meetings

Qualifications

• Proven success in broking delegated authority business in the London Market.
• Established network across Lloyd's syndicates, MGAs, Coverholders and capacity providers.
• Deep knowledge of Binding Authorities, Lineslips and facilities; understands governance.

Responsibilities

• Originate and win new delegated authority business from MGAs, Coverholders, brokers and clients.
• Set and execute a business development strategy and negotiate Binding Authorities and Lineslips.
• Onboard facilities with technical, operations and compliance teams; represent the firm at events.
• Develop innovative placement solutions and manage relationships across markets.

Skills

Delegated authority broking

Lloyd's market network

Binding Authorities / Lineslips

Market negotiation (London & intl.)

Entrepreneurial mindset

Education

ACII or equivalent

Job description

Our client is an independent Lloyd's broker that makes decisions for the long term, backs its people's ideas, and moves quickly when the right opportunity appears. With a growing presence across wholesale, delegated authority and specialist markets, they're now looking for a senior producer to drive the next stage of growth in their delegated authority division.

This is a front-line, revenue-generating role with direct access to the CEO. You'll originate and win new delegated authority business from MGAs, Coverholders, brokers and insurance clients, and grow existing relationships. You'll set your own business development strategy, negotiate and place Binding Authorities, Lineslips and delegated underwriting arrangements (plus associated reinsurance), and represent the business at market meetings and industry events.

You'll work closely with technical, operations, compliance and claims teams to onboard new facilities and programmes smoothly, and you'll have the freedom to design innovative placement solutions for your clients.

What you'll bring

• A strong track record of broking delegated authority business in the London Market, with a book of profitable new business you've won.
• An established network across Lloyd's syndicates, company markets, MGAs, Coverholders and capacity providers.
• Deep knowledge of Binding Authorities, Lineslips and facilities, along with Lloyd's delegated authority processes and governance.
• Experience negotiating with London and international markets, and a solid grasp of FCA conduct standards.
• An entrepreneurial, self-driven approach: you spot opportunities, convert them, and hold yourself accountable for results.
• ACII, or progress towards professional qualifications, is preferred.

What's on offer

• Competitive salary and performance-based bonus
• Share scheme participation
• Ongoing professional development and a clear path to progress
• The chance to shape a fast-growing division in an ambitious, independent broker