Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Develop new business and cultivate relationships with brokers globally.
- Company: Servca is a dynamic Lloyd's Broker specializing in various insurance risks.
- Benefits: Enjoy flexible working, career development, and competitive salary with bonuses.
- Why this job: Join a growing team and gain international exposure in the insurance industry.
- Qualifications: Minimum 2 years in commercial broking; strong communication and business development skills required.
- Other info: Hybrid work model: 3 days in London, 2 days remote.
The predicted salary is between 36000 - 60000 £ per year.
PI Wholesale Broker
Servca are an international, owner-managed Lloyd’s Broker headquartered in the UK with offices in Canada and Europe. Servca specialise in Professional Indemnity, D&O, Medical Malpractice and Liability risks originating from direct ‘Retail’ clients and from our global partner brokers (Wholesale business).
In line with our strong growth, we are seeking a highly driven Commercial Broker to grow UK and international business.
This individual will be a highly motivated, self-starter able to identify and develop new business prospects.
Key responsibilities/tasks
- Develop new business with new and existing regional brokers. by placing business into various Lloyd’s of London facilities set up by the company.
- Leverage existing insurer relationships in placement of risks.
- Follow up on leads and conduct research to identify potential prospects.
- Follow, build and cultivate prospective relationships by initiating communications and conducting follow-up communication with new and existing partners globally.
- Leverage existing relationships to contribute to the company and its future advancements.
Skills and Experience
- Minimum 2 years experience in commercial broking professional indemnity & liability insurance including wordings, clauses and endorsement specifics.
- Lloyd’s of London experience would be ideal, although not compulsory.
- Demonstrated ability to meet and/or exceed risk placement targets.
- A proven track record of strong insurer relationships.
- Business development skills would be advantageous.
- Excellent written and verbal communication skills.
- Proficient in MS Office products (Excel, Word, MS Outlook, MS PowerPoint).
- Experience with using main-stream insurance CRMs.
- Leverage existing relationships to contribute to the company and its future advancements.
- Ability to follow up leads to build the prospect pipeline.
- Knowledge of and experience in setting up binders, schemes and delegated authorities would be beneficial.
What we offer you
- A truly rewarding career in insurance and Lloyd\’s of London
- International exposure by working with our UK and global clients and partners
- A flexible and agile working environment where you are empowered to achieve results.
- A growing team.
- Career development.
- Flexible working conditions (hybrid working 3 days in London/2 days wfh).
- An opportunity for you to grow and learn new skills.
- A competitive salary, based on your experience.
- Participation in the company performance related bonus scheme
- Private Medical Insurance
- Pension
Servca & affiliated subsidiaries are an equal opportunities employer.
PI Broker employer: Servca
Contact Detail:
Servca Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Broker
✨Tip Number 1
Make sure to leverage your existing network in the insurance industry. Reach out to former colleagues or contacts who may have connections with Lloyd's of London or other relevant brokers. Building these relationships can give you a significant edge in identifying new business opportunities.
✨Tip Number 2
Stay updated on the latest trends and developments in professional indemnity and liability insurance. This knowledge will not only help you in conversations with potential clients but also demonstrate your expertise and commitment to the field.
✨Tip Number 3
Practice your communication skills, both written and verbal. Since this role involves initiating and following up on communications with partners globally, being articulate and persuasive will be crucial in building those relationships.
✨Tip Number 4
Familiarize yourself with the main-stream insurance CRMs used in the industry. Being proficient in these tools will not only streamline your workflow but also show potential employers that you are ready to hit the ground running.
We think you need these skills to ace PI Broker
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the PI Broker position. Understand the key responsibilities and required skills, especially focusing on commercial broking and professional indemnity insurance.
Highlight Relevant Experience: In your application, emphasize your experience in commercial broking, particularly any work related to professional indemnity and liability insurance. Mention specific achievements or targets you have met in previous roles.
Showcase Communication Skills: Since excellent written and verbal communication skills are crucial for this role, ensure that your application is well-written and free of errors. Use clear and concise language to convey your points effectively.
Demonstrate Business Development Acumen: If you have experience in business development, make sure to include examples of how you've successfully identified and cultivated new business prospects. This will show your potential employer that you can contribute to their growth.
How to prepare for a job interview at Servca
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of professional indemnity and liability insurance during the interview. Be prepared to discuss specific wordings, clauses, and endorsements that are relevant to the role.
✨Highlight Your Business Development Skills
Since the role involves developing new business, share examples of how you've successfully identified and cultivated relationships with brokers or clients in the past. This will show your potential employer that you can contribute to their growth.
✨Leverage Your Existing Relationships
Discuss any existing relationships you have with insurers or brokers that could be beneficial for the company. This will illustrate your ability to hit the ground running and add value from day one.
✨Prepare for Behavioral Questions
Expect questions about how you've handled challenges in previous roles, especially related to meeting risk placement targets. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
