Marine Broker

Faststream Recruitment Group; City Of London; On-site; GBP 75,000 - 110,000; Full time

Job summary

A leading brokerage firm in London is looking for a highly experienced Marine Broker to join their team. The role requires over 7 years of experience in the placement of War Risks, Hull & Machinery, and P&I. Candidates must excel in negotiating competitive terms and have strong relationships within the marine insurance market. The position offers a competitive salary of £75,000 - £110,000 per annum and an array of benefits including a discretionary bonus and comprehensive healthcare cover.

Benefits

Discretionary and variable annual bonus

Enhanced pension contributions (15%)

25 days' holiday plus bank holidays

Birthday off and paid volunteering day

£1,000 annual commuting allowance

Private healthcare and dental insurance

Gym membership contribution

Health MOT and wellbeing support

Corporate events and networking opportunities

Prime London office location

Qualifications

• Minimum 7 years' experience in marine broking within Lloyd's and the London market.
• Profound knowledge and experience in War Risks, Hull & Machinery, and P&I.
• Strong understanding of marine market operations and placement processes.

Responsibilities

• Place complex marine risks into Lloyd's and the London market.
• Negotiate and secure competitive terms using strong market knowledge and relationships.
• Handle direct business as well as placements from other offices.

Skills

Marine broking experience

Negotiation skills

Communication skills

Market knowledge

Job description

Job Description

A leading Lloyd's market brokerage is expanding and seeking a highly experienced Marine Broker to join its London team. This is a senior role requiring a proven track record in the placement of War Risks, Hull & Machinery, and P&I within the Lloyd's and London markets.

You will have over 7 years + of placing experience in the London Market, handling direct business and placements coming into the office from an established network of international colleagues. You will be able to utilise the relationships with various Underwriters to negotiate competitive terms for the book - the focus is on expertise, technical skill, and the ability to negotiate competitive terms.

Your portfolio will be centred on War Risks, Hull & Machinery, and P&I, with additional exposure being beneficial e.g. Increased Value, Freight Interest, Kidnap & Ransom, Yachts, and other marine lines.

What's on Offer

• Salary £75,000 - £110,000 per annum (depending on experience)
• Discretionary and variable annual bonus
• Enhanced pension contributions (15%)
• 25 days' holiday (increasing with service) + bank holidays
• Birthday off, plus a paid volunteering day
• £1,000 annual commuting allowance
• Private healthcare, dental, travel and critical illness insurance
• Income protection and life assurance (4x salary)
• Gym membership contribution (up to £50 / month)
• Health MOT, wellbeing and mental health support
• Corporate events, networking opportunities, and social days out
• Prime London office location with excellent amenities

Key Responsibilities

• Place complex marine risks into Lloyd's and the London market
• Negotiate and secure competitive terms using strong market knowledge and relationships
• Handle direct business as well as placements from other offices
• Maintain high service standards with clients and Underwriters
• Contribute to the continued growth of the marine division

What You'll Need

• Minimum 7 years' experience in marine broking within Lloyd's and the London market (applications from candidates with less years will only be considered if they are already operating at senior broker level)
• Profound knowledge and experience in War Risks, Hull & Machinery, and P&I
• Strong understanding of marine market operations and placement processes
• Excellent negotiation and communication skills
• Ability to work independently, managing a varied and complex portfolio

If you are an accomplished Marine Broker with specialist knowledge in War, Hull & Machinery, and P&I and you are even just considering a move, please do apply! We will always speak with you first before sending your details.

Please note, you must have the right to work in the UK.