Assistant Vice President - Casualty Placement

HK001 Marsh (Hong Kong) Limited; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

Marsh Risk is seeking an Assistant Vice President to join its Casualty Placement team in Hong Kong. The role requires leveraging risk expertise to develop placement solutions, implementing growth-focused strategies, and coordinating with carriers to secure quotes and binding coverage.

You will build strong relationships with clients, underwriters, and markets, provide updates on market developments, and support retention and new business through senior-level placement activities and accurate

Qualifications

• At least 5 years’ experience in general insurance broking for P&C; casualty underwriting background preferred.
• Experience negotiating with underwriters for best terms and conditions for P&C placements.
• Good understanding of policies, contracts and facilities.
• Knowledge of the Hong Kong brokerage industry.
• Excellent organizational skills to prioritize work and meet deadlines.
• Excellent interpersonal skills.
• Proficient in Chinese, English and Mandarin.

Responsibilities

• Uses risk expertise and market knowledge to develop placement solutions meeting client needs.
• Implements placement strategy to achieve growth and provide exceptional client service.
• Develops go-to-market strategy and participates in pricing of services as applicable.
• Facilitates submission of coverage specifications and obtains quotes from carriers via the assist, advise, and assume model.
• Binds coverage and ensures accuracy of placement binders.
• Creates and maintains relationships with practice, insurance markets, clients, carriers and underwriters for cohesive client service.
• Advises on market conditions and informs client executives, advisors, and clients of major developments affecting products/coverage.
• Interfaces with client executives and teams to support client retention and new business production.
• Drives senior placement/technical support activities on assigned accounts, ensuring compliance and accurate system entries.
• Advises on changing insurance and risk management market conditions and informs clients of major developments.

Skills

Risk expertise

Client service

Negotiation

Policy knowledge

Hong Kong market

Multilingual (Chinese, English, Mandar

Job description

Assistant Vice President - Casualty Placement

We are seeking a talented individual to join our Casualty Placement team. This role will be based in Hong Kong.

We will count on you to:

Uses significant risk expertise and knowledge of industry and carriers to develop placement solutions that meet client needs.

Implements the placement strategy to achieve growth goals and provide exceptional client service.

Develops the go-to-market strategy and articulates the value of placement function and participates within pricing of services as applicable.

Facilitates submission of coverage specifications and obtains quotes from carriers based upon the “assist, advise, and assume” transaction model.

Binds coverage and is responsible for the accuracy of placement binders.

Creates and maintains relationships with practice, insurance markets, clients carriers and/or underwriters to provide cohesive client service.

Advises on changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.

Interfaces closely with client executives and client teams to support client retention and new business production.

Drives senior placement/technical support activities on assigned accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required.

Advises on changing insurance and risk management market conditions, and inform Client Executives, and/or clients of major developments affecting various types of products/coverage.

What you need to have:

At least 5 years’ experience not limited to placement but general insurance broking for P&C, an underwriting background in casualty is highly preferable

Experience of handing negotiation with underwriters for best terms and conditions to our clients around P&C placements

Good understanding of policies, contracts and Facilities

Knowledge of the brokerage industry in Hong Kong

Excellent organizational skills to prioritize work and meet deadlines

Excellent interpersonal skills

Proficient in Chinese, English and Mandarin.

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

Company:
Marsh Risk
Description:

We are seeking a talented individual to join our Casualty Placement team. This role will be based in Hong Kong.

We will count on you to:

• Uses significant risk expertise and knowledge of industry and carriers to develop placement solutions that meet client needs.

• Implements the placement strategy to achieve growth goals and provide exceptional client service.

• Develops the go-to-market strategy and articulates the value of placement function and participates within pricing of services as applicable.

• Facilitates submission of coverage specifications and obtains quotes from carriers based upon the “assist, advise, and assume” transaction model.

• Binds coverage and is responsible for the accuracy of placement binders.

• Creates and maintains relationships with practice, insurance markets, clients carriers and/or underwriters to provide cohesive client service.

• Advises on changing insurance and risk management market conditions and informs client executives, client advisors, and/or clients of major developments affecting various types of products/coverage.

• Interfaces closely with client executives and client teams to support client retention and new business production.

• Drives senior placement/technical support activities on assigned accounts, such as ensuring procedural compliance, reviewing data and updating annual renewal exhibits, maintaining accurate placement system entries, to ensure contract execution as required.

• Advises on changing insurance and risk management market conditions, and inform Client Executives, and/or clients of major developments affecting various types of products/coverage.

What you need to have:

• At least 5 years’ experience not limited to placement but general insurance broking for P&C, an underwriting background in casualty is highly preferable

• Experience of handing negotiation with underwriters for best terms and conditions to our clients around P&C placements

• Good understanding of policies, contracts and Facilities

• Knowledge of the brokerage industry in Hong Kong

• Excellent organizational skills to prioritize work and meet deadlines

• Good presentation skills

• Excellent interpersonal skills

• Proficient in Chinese, English and Mandarin.

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

Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.
Marsh is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, 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.