At a Glance
- Tasks: Support Canadian client portfolios and negotiate terms within the Lloyd's and London Market.
- Company: Aon is a global leader in risk management and insurance brokerage.
- Benefits: Enjoy two Global Wellbeing Days annually and a comprehensive benefits package.
- Other info: This role is based in London, working with a dedicated Canadian desk.
- Why this job: Join a dynamic team focused on facultative reinsurance placements for Canadian clients.
- Qualifications: Experience as a facultative broker in the Lloyd's or London Market is essential.
The predicted salary is between 50000 - 70000 £ per year.
Aon is currently recruiting a Facultative Reinsurance Broker to join our Canadian team in London. This role sits within our UK-based Lloyd's reinsurance platform, working as part of our Canadian desk, supporting and servicing Canadian clients and risks. We are specifically looking for a broker with experience operating within the Lloyd's and London Market, who can apply this expertise to the placement of Canadian facultative business.
About the Role:
- Working with colleagues and clients on a variety of facultative reinsurance placements.
- Supporting the delivery of Canadian client portfolios, ensuring high-quality service and market execution from London.
- Providing advice to clients and colleagues on placement build, available coverage and capacity, likely pricing, potential coverage improvements and market progress.
- Working within the Lloyd's and wider London Market to place Canadian risks effectively.
- Supporting the creation and delivery of market presentations and broking strategy.
- Identifying appropriate channels for risk placement based on clients’ market security guidelines and other requirements, exerting influence on the market to secure the best outcomes.
- Negotiating terms and conditions of placement with the market.
- Responsible for working in accordance with the Aon UK Limited Risk Management Framework and compliance with all relevant policies.
About you:
- Experience operating as a facultative broker within the Lloyd's and/or London Market is essential.
- Strong background in reinsurance broking, with a focus on facultative business.
- Experience working with or exposure to Canadian clients, markets, or risks is highly desirable.
- Proven technical competence of client needs and the reinsurance market.
- Excellent communication and stakeholder management skills.
- Strong industry network and market knowledge.
- Commercially minded with strong sales and negotiation capability.
- Proven data analysis abilities.
How we support our colleagues:
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard.
Canadian Reinsurance Broker,Facultative in London employer: Aon
Aon offers a comprehensive benefits package and promotes an inclusive workforce. Located in London, the company values continuous learning and empowers employees to be their authentic selves.
StudySmarter Expert Advice🤫
We think this is how you could land Canadian Reinsurance Broker,Facultative in London
✨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
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✨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 Canadian Reinsurance Broker,Facultative in London
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.
