At a Glance
- Tasks: Lead a dynamic team in providing specialist insurance broking and consultancy services.
- Company: Join Aon (Bermuda) Ltd., a leader in insurance brokerage with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for international travel.
- Other info: Mentorship opportunities available; ideal for those looking to grow in a fast-paced environment.
- Why this job: Make an impact by working with Fortune 1000 clients and developing market relationships.
- Qualifications: University degree and extensive experience in property insurance broking required.
The predicted salary is between 80000 - 120000 £ per year.
Aon (Bermuda) Ltd. provides clients with specialist insurance broking, reinsurance expertise and consultancy services. We are seeking to employ a Broker at the Assistant Vice President or Vice President level for the Property team in our Insurance Brokerage Division.
What the day will look like:
- Serve as a senior broker with proven peer, market and client relationships.
- Produce, retain and grow a book of North American and International Fortune 1000 Property Insurance Business.
- Work effectively with decision makers at client and insurance carrier level with a proven track record.
- Develop and nurture market and internal producer relationships with proven business and social skills.
- Establish/maintain credibility using excellent communication and negotiation skills with clients, senior underwriters and executives overseas.
- Analyze, create and present underwriting data to the marketplace.
- Negotiate coverage terms and conditions based on a detailed understanding of clients’ exposures, risks, and needs.
- Ensure consistent professional service in full compliance of Aon processes and procedures.
- Mentor and develop junior brokers, actively imparting technical knowledge and market insight.
- Undertake business travel and frequent client entertainment outside of normal business hours.
- Perform other similar duties as identified by senior management.
Required skills and experience that will lead to success:
- University degree in a business-related field.
- Minimum of 7 (AVP) / 10 (VP) years of recent relevant insurance broking experience within the Property Insurance industry.
- Strong knowledge of finance/accounting and general business terms.
- Proven experience in working with North American retail brokers and clients.
- Experience servicing Fortune 1000 and broader North American clients and their equivalent internationally.
- Demonstrated experience in implementing risk strategies, marketing and servicing of global risk management programs within the global Property marketplace.
- Experience leading client and market meetings.
- Broad Property experience in General Property, Energy, Construction, and Facilities.
- Comprehensive understanding of risk and exposure analysis including Catastrophic Modeling, MFL, PML, and Loss Expectancies, further with the ability to explain clearly to underwriters and clients.
- High level technical proficiency in understanding insurance policy and contract language.
- Strong analytical and presentation skills with proficiency in Word, Excel and PowerPoint programs.
Vice President in Hamilton employer: Aon
Aon (Bermuda) Ltd. is an exceptional employer that fosters a dynamic and collaborative work environment, ideal for professionals seeking to advance their careers in the insurance broking industry. With a strong focus on employee development, we offer mentorship opportunities and the chance to work with Fortune 1000 clients, all while enjoying the unique lifestyle and culture that Bermuda has to offer. Join us to be part of a team that values innovation, integrity, and excellence in service delivery.
StudySmarter Expert Advice🤫
We think this is how you could land Vice President in Hamilton
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Aon). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Aon. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Vice President in Hamilton
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Aon.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Aon. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Aon
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Aon to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Aon, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Aon's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
