Space Insurance Broker

Marsh & McLennan Companies; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A global insurance brokerage in London seeks a Space Insurance Broker to develop placement strategies and negotiate with insurers. Candidates should have a degree in Aerospace or related fields, strong communication skills, and experience in insurance markets. The role offers a hybrid work environment with at least three office days per week.

Benefits

Professional development opportunities

Inclusive culture

Range of career opportunities

Qualifications

• Previous experience in Aviation, Aerospace, or space markets is advantageous.
• Ability to work with technically complex risks.
• Strong verbal and written communication skills.

Responsibilities

• Work with Space team to develop placement strategies.
• Negotiate with Space Insurers for optimal placement.
• Prepare presentations to clients and manage underwriting info.

Skills

Attention to detail

Excellent communication skills

Competent use of Microsoft Excel

Foreign language skills

Education

Degree in Aerospace or Mechanical Engineering or Law

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

Company:Marsh

Description:

We are seeking a talented individual to join our Space Insurance team here at Marsh. This role will be based in London on a hybrid basis, with a requirement of working at least three days a week in the office.

The role: Space Insurance Broker

Marsh Space Projects, part of Marsh Aviation & Aerospace is seeking a talented individual to join the team in London.

Space insurance is a highly specialised market within the insurance industry. Satellites and Launch Vehicles are insured for high values and policies are tailored to the individual risk profiles of the satellites and launch vehicles, in addition to the business requirements of the clients.

The Space Insurance broking team of Marsh handle a variety of insurance products related to satellites and launch vehicles.

This role would suit either an experienced insurance professional looking for a fresh opportunity, or perhaps someone with a genuine interest in Space, or a recent graduate within a specialism such as Aerospace or Mechanical Engineering or Law.

We will count on you to:

• To work with Space team colleagues, both in our London office and in our other Marsh Space offices to develop placement strategies and engagement with clients.
• To negotiate with Space Insurers to achieve optimal placement result.
• Assist with the preparation of presentations to clients and manage the subsequent flow of underwriting information between client and insurers.
• To contribute to discussions of insurance coverage designs for launch or in-orbit placements, to achieve the most suitable product for the client.
• Assist in the preparation of new business tender reports where required.
• To handle correspondence with Insurers and maintain a placement file and placement spreadsheet for accounts worked on.
• Produce ad-hoc information in response to specific client and colleague requests.
  

What you need to have:

• Previous experience of working in the Aviation, Aerospace or space markets would be an advantage.
• Attention to detail and evidence of being able to work with technically complex risks.
• Competent use of Microsoft Excel, Word and PowerPoint
• Excellent communication skills in terms of both written (report and presentation writing) and verbal (one to one and presenting to a group) skills.
• Any foreign language skills would be an advantage but not essential.
  

What makes you stand out:

• Space / Commercial Insurance experience
• A legal, technical, or engineering background may be useful but not essential.
• Previous experience of working in the Aviation, Aerospace or space insurance markets would be an advantage.
  

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
  

#Hybrid

Marsh, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X. Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [e-mail]. Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.