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For Companies At a Glance
- Tasks: Join our team to develop and manage insurance solutions for businesses.
- Company: Brown & Brown is a leading retail insurance broker with a strong growth record.
- Benefits: Enjoy a negotiable salary, performance bonuses, and additional perks like discounts and holidays.
- Why this job: Be part of a supportive culture that values client relationships and offers career growth opportunities.
- Qualifications: Experience in commercial insurance broking and a passion for new business development are essential.
- Other info: Work from our Newport office with access to top-tier insurance products and support services.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Commercial Development Executive
Location – Newport, Wales
Salary – Negotiable + Bonus
We are currently looking for a Commercial Development/Account Executive to join the established and welcoming broking team in Newport.
Newport is one of Brown & Brown's fastest growing retail insurance broker locations with a strong record of providing support and success for all that join them. In short your role will be to understand and approach businesses in terms of their insurance requirements and to design and administer insurance solutions for the protection of their material assets and liabilities. Developing and retaining business you will have access to a wide range of market leading wholesale and inhouse underwriters to competitively place various types of commercial insurance. You will need commercial insurance broking experience and new business development skills alongside a desire to grow a book of business.
Support is provided by telemarketing services, dedicated claims handling teams, databases, account handlers, access to leading insurance products and networks. It comes with a generous commission structure, based out of the Newport office.
This is a position that provides a good long term platform to service clients and win new business, backed by an international insurance broker presence with market agreements and scale.
The day to day:
- Deliver against agreed targets and plans.
- New Business Quotations, Renewals and MTA's – drive sales and service excellence & retain existing commercial book.
- Typical classes of insurance broking cover Liabilities, PI Combined, Commercial Combined, Property Owners, Cyber Liability, D&O, Fleets, Motor Trade, plus others.
- Creating a customer-led culture where sales and customer standards, discipline, activities and best practice are delivered.
- Ensure you are meeting FCA regulatory requirements
- Able to build long standing relationships with insurers and clients
- Seeking best policy for the customer whilst protecting the insurer
- Prioritise time and attention on high value activities.
- Select the best course of action based on the available information
What's on offer:
- Negotiable salary package
- Achievable performance related bonus paid monthly
- Additional benefits (e.g. Pension, Death in Service, Discounts, Holiday)
Your Experience:
- Relevant commercial insurance broking industry experience.
- Desire to win new business, handle renewals and mta's for a range of insurance risks
- Knowledge of company industry types and operating conditions
- Ability to develop and maintain client relationships
- Excellent interpersonal, written and verbal communication skills
- Confident in creating compelling market insurance presentations
- Pro-active and self-motivated
- Planning and organisation skills to meet deadlines
- Attention to detail
Development Executive employer: Brown & Brown (Europe)
Contact Detail:
Brown & Brown (Europe) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Executive
✨Tip Number 1
Familiarise yourself with the specific types of commercial insurance mentioned in the job description, such as Cyber Liability and D&O. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in broking. Attend local events or join online forums to connect with potential colleagues and gain insights into the market trends that could benefit your application.
✨Tip Number 3
Prepare to discuss your previous experience in new business development and how you've successfully retained clients. Be ready to share specific examples that highlight your skills and achievements in these areas.
✨Tip Number 4
Research Brown & Brown and their presence in Newport. Understanding their company culture and values will allow you to tailor your approach and show how you can contribute to their team effectively.
We think you need these skills to ace Development Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant commercial insurance broking experience and new business development skills. Use specific examples that demonstrate your ability to meet targets and build client relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your desire to win new business and how your skills align with the requirements outlined in the job description.
Highlight Relevant Skills: In your application, emphasise your excellent interpersonal, written, and verbal communication skills. Provide examples of how you've successfully created market insurance presentations or handled renewals and MTA's.
Showcase Your Achievements: Include quantifiable achievements in your application, such as sales targets met or exceeded, successful client relationships built, or any awards received in the insurance sector. This will help you stand out from other candidates.
How to prepare for a job interview at Brown & Brown (Europe)
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of commercial insurance products, especially those mentioned in the job description like Cyber Liability and D&O. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Demonstrate Your Sales Skills
Prepare examples of how you've successfully developed new business or retained clients in previous roles. Highlighting your sales achievements will demonstrate your capability to meet the targets set by the company.
✨Showcase Relationship Building
Be ready to discuss how you've built long-standing relationships with clients and insurers. This is crucial for the role, so share specific instances where your interpersonal skills made a difference.
✨Prepare Questions
Have thoughtful questions prepared about the company's culture, support systems, and growth opportunities. This shows your genuine interest in the position and helps you assess if it's the right fit for you.