Financial Lines Broker: Private Equity Risk & Growth

Willis Towers Watson; Northern (KY); Hybrid; USD 130,000 - 175,000; Full time

Benefits offered by this job

Health and Welfare Benefits

Paid Holidays and PTO

401(k) Retirement Plan

Job summary

Willis Towers Watson is seeking a Placement Specialist - Financial Lines Broker to represent the firm in the marketplace and coordinate all sides to align agendas and risk appetites. Travel and industry event participation are expected.

The role involves broking activity, policy drafting, and managing underwriting meetings for both new and renewal business, with base salary in the $130,000–$175,000 USD range and a potential annual incentive.

Qualifications

• Minimum 3 years of experience in underwriting or broking financial lines insurance, preferably with focus on private equity or alternative asset managers.
• Knowledge and familiarity with the overall financial lines marketplace across all segments. Prior experience with private equity, alternative assets managers, SPACs and private company financial lines insurance desired
• Experience in policy drafting and construction
• Comprehensive understanding of complex legal entity structures and exposures associated therewith
• Strong written and verbal communication and presentation skills
• Self-motivated, must have the ability to work independently
• Proficient in Excel, Word and PowerPoint

Responsibilities

• Provide coverage and program design advice directly to clients and via Client Advocates and Producers.
• Conduct pre-closing underwriting due diligence for private equity sponsors, identifying material coverage deficiencies across existing programs, and structure and negotiate post-closing insurance programs.
• Support Producers in new business development – provide knowledge and expertise about market dynamics, exposures and insurance solution related to private equity and alternative asset mangers’ exposures.
• Draft and negotiate manuscript policy language with insurance carriers and coordinate process with clients’ in-house and outside counsel.
• Arrange and manage underwriting meetings for both new and renewal business.
• Preparation and finalization of quotes and coverage confirmations to ensure contract certainty.
• Market renewal and new business opportunities and present proposals to clients.

Skills

Financial lines

Underwriting

Communication

Policy drafting

Entity structures

Independent work

Self-motivation

Tools

Excel

Word

PowerPoint

Job description

Willis Towers Watson is seeking a Placement Specialist - Financial Lines Broker to represent the firm in the marketplace and coordinate all sides to align agendas and risk appetites. Travel and industry event participation are expected.

The role involves broking activity, policy drafting, and managing underwriting meetings for both new and renewal business, with base salary in the $130,000–$175,000 USD range and a potential annual incentive.