UK Wholesale Binder Broker

TN United Kingdom; London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading Lloyd’s Broker in London is seeking a Senior UK Wholesale Binder Broker to join their expanding team. The role involves leveraging broker networks, managing binding authority agreements, and ensuring compliance with industry standards. Ideal candidates will possess strong negotiation and relationship management skills, with a focus on UK Property and Casualty risks.

Benefits

Comprehensive benefits package

Support from management and colleagues

Potential opportunities for overseas travel

Qualifications

• Previous experience as a Senior Binder Broker handling UK Property and Casualty Wholesale risks.
• Strong network within the UK insurance broking community.
• Deep understanding of insurance products and market dynamics.

Responsibilities

• Leverage existing broker networks to expand business opportunities.
• Negotiate and manage binding authority agreements.
• Ensure compliance with Lloyd’s of London standards.

Skills

Negotiation

Communication

Relationship Management

Job description

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Job Title: UK Wholesale Binder Broker

Our client, a specialist Lloyd’s Broker based in the City, is seeking a dedicated UK Wholesale Binder Broker to join their expanding UK Wholesale Team. Known for their professionalism, high standards of conduct, and fair dealings, they have built a reputable organization from modest beginnings, guided by their principle of service with sincerity, honesty, and integrity.

Role Overview

As a Senior UK Binder Broker, your primary responsibilities will include leveraging existing broker networks to expand business opportunities, developing new client relationships, and ensuring excellent service and client satisfaction. You will stay informed about market trends to identify new business prospects and manage Binding Authority Agreements effectively.

You will be responsible for negotiating and managing binding authority agreements, ensuring compliance with Lloyd’s of London standards and regulatory frameworks, and assessing the performance and profitability of binding authority contracts.

Candidate Profile

The ideal candidate will have previous experience as a Senior Binder Broker handling UK Property and Casualty Wholesale risks, with a strong network within the UK insurance brokermunity. You should possess a deep understanding of insurance products, market dynamics, and regulatory requirements. Exceptional negotiation, communication, and relationship management skills are essential, along with the ability to collaborate with underwriters, actuaries, and other professionals. Experience in guiding and mentoring junior team members is a plus.

What’s on Offer

The role offers a competitive salary of up to £100,000 plus a comprehensive benefits package. You will receive support from management and colleagues, with potential opportunities for overseas travel. Join a growing, friendly team with a vision to develop both new and existing client relationships.