Reinsurance Placing Broker

MW Appointments; London; On-site; GBP 68,000 - 80,000; Full time

Job summary

A London-based insurance broker is seeking an experienced London Market Broker to join their dynamic team. The successful candidate will manage property excess of loss treaty reinsurance contracts and maintain vital relationships with Underwriters and Clients. The role offers a competitive salary up to £80,000 and the chance to develop professionally in a supportive environment.

Qualifications

• Solid expertise in Lloyd's market and reinsurance contracts.
• Experience broking Treaty reinsurance contracts is essential.
• Strong communication skills to maintain client relations.

Responsibilities

• Develop and maintain relationships with Underwriters, Agents, and Clients.
• Arrange bespoke insurance covers in complex cases.
• Lead broking and negotiations with Lloyds and overseas markets.

Skills

Lloyd's market expertise

Negotiation skills

Relationship management

Job description

Summary

A privately-owned, established international Lloyd's broker based in the City of London is currently looking to recruit an experienced London Market Broker to join their successful team. You will have the opportunity to be involved in the placement and management of property excess of loss treaty reinsurance contracts and non-marine (open market & binders) business.

Overview

• Develop and maintain new and existing relationships with Underwriters, Agents and Clients.
• Obtain and analyse risk information.
• Identify suitable (re)insurers with appropriate risk appetite
• Arrange bespoke (re)insurance cover in complex cases; preparing reports for underwriters.
• Lead broking and negotiations with Lloyds, Company and overseas markets.
• Maintain close communication with clients/agents through the placement cycle.
• Produce and process open market slips and assist with binding authorities.
• Produce slips/endorsements, evidence of cover, cover notes, policy schedules, debit notes and monthly lineslip declarations.
• Process entries/contract on all computer systems including Brokasure.

Person Specification

This is a pivotal position and requires applicants with solid Lloyds market expertise, both broking and technical together with drive, resourcefulness and a commercial outlook.

The priority for this role is some experience broking Treaty reinsurance contracts.

What you can expect

• Permanent position
• Salary to £80,000
• An opportunity to become a key member within a dynamic broking environment that offers diversity and the scope to develop professionally and personally.