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- Tasks: Lead placement strategies for construction and property insurance, building strong relationships with insurers.
- Company: Exance Services Limited, a specialist MGA focused on construction and property insurance.
- Benefits: Competitive salary, flexible schedule, comprehensive training, and career development opportunities.
- Why this job: Shape insurance strategies and make a real impact in a growing specialist environment.
- Qualifications: 5-10+ years in insurance broking with strong market relationships and negotiation skills.
- Other info: Dynamic role with direct exposure to capacity strategy and market relationships.
The predicted salary is between 30000 - 45000 £ per year.
Location: Birmingham
Reporting to: CEO
Salary: £30,000-£45,000
The Company
Exance Services Limited is a specialist Managing General Agent (MGA) focused on construction and property insurance. We partner with brokers and intermediaries to deliver expert underwriting and tailored insurance products through delegated authorities. Our model combines deep sector expertise with strong distribution and capital relationships to support sustainable growth.
The Role
As a Senior Placing Broker, you will take a lead role in structuring and executing placement strategies across Exance’s insurance portfolio. You will be responsible for building and managing relationships with capacity providers, supporting delegated authority arrangements, and ensuring optimal placement of risk in line with underwriting strategy. This is a highly commercial, relationship-driven role requiring deep market knowledge and the ability to operate across underwriting, broking, and capacity providers.
Key Responsibilities
- Lead the placement of construction and property risks with insurers and capacity providers
- Structure and negotiate binding authority and delegated authority agreements ensuring success
- Develop and maintain strong relationships with Insurers, Reinsurers, Lloyd’s syndicates and alternative capacity providers
- Act as a key interface between underwriting, brokers, and capacity partners
- Optimise panel selection and capacity deployment to support profitable growth
- Negotiate terms, pricing, and coverage to align with underwriting appetite
- Support the development of new products and schemes alongside underwriting teams
- Monitor market conditions and provide strategic insight on capacity trends and pricing
- Ensure all placements comply with Financial Conduct Authority requirements and internal governance standards
Skills & Experience
- 5–10+ years’ experience in:
- Insurance broking (wholesale or retail)
- MGA / delegated authority environments
- Specialty lines (construction / property preferred)
- Delegated authorities
- Binding authorities
- Capacity structures
Qualifications
- Relevant industry qualifications (e.g. ACII or progress toward) preferred
- Strong understanding of UK regulatory framework under the Financial Conduct Authority
What we offer
- Competitive salary with performance-linked bonus
- Senior, high-impact role in a growing specialist MGA
- Direct exposure to capacity strategy and market relationships
- Opportunity to shape placement strategy and product development
- Entrepreneurial and collaborative working environment
Benefits:
- Competitive salaries with annual salary benchmarking
- 24 holidays, plus UK bank holidays, plus 3 days in December festive period, plus 1 day for your Birthday
- Additional leave if required
- Four ‘Short Notice’/Dependency days (as part of Annual Leave allowance)
- Comprehensive company Induction and onboarding training
- Ongoing training – Learning Management System
- Staff learning agreement for financial assistance to study
- Career development and opportunities
- Company Pension
- Private medical health cover
- Group life insurance cover
- Income Protection
- Employee Assistance Programme
- Flexible schedule (if requested to fit around childcare)
- Company events
- Recognition scheme – Employee of the month
- Referral programme – recruitment
- Employee Welfare Loan
Senior Placing Broker in Birmingham employer: EXANCE
Contact Detail:
EXANCE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Placing Broker in Birmingham
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Showcase Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your experience in placing complex risks and your understanding of delegated authorities. Share specific examples of how you've successfully negotiated terms or built strong relationships in the past.
✨Stay Informed
Keep up with market trends and capacity changes in the insurance sector. This knowledge will not only help you in interviews but also show that you're proactive and genuinely interested in the role. Plus, it gives you great talking points!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Senior Placing Broker in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Placing Broker role. Highlight your experience in insurance broking, especially in construction and property, and showcase your strong relationships with market participants.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for Exance Services Limited. Share specific examples of how you've successfully structured and negotiated binding authority agreements in the past.
Showcase Your Market Knowledge: Demonstrate your deep understanding of the UK insurance market in your application. Mention any insights you have on capacity trends and pricing that could benefit our team.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at EXANCE
✨Know Your Market
Before the interview, dive deep into the current trends in the construction and property insurance market. Familiarise yourself with recent developments, capacity trends, and key players. This will not only show your enthusiasm but also demonstrate your expertise in the field.
✨Showcase Your Relationships
Be prepared to discuss your existing relationships with insurers, reinsurers, and Lloyd’s syndicates. Highlight specific examples of how these connections have helped you successfully place risks in the past. This will illustrate your ability to leverage your network effectively.
✨Demonstrate Negotiation Skills
Since negotiation is a crucial part of the Senior Placing Broker role, come ready with examples of successful negotiations you've led. Discuss the strategies you used and the outcomes achieved. This will help the interviewers see your commercial acumen in action.
✨Align with Company Values
Research Exance Services Limited and understand their approach to underwriting and capacity management. Be ready to discuss how your values align with theirs and how you can contribute to their growth strategy. This shows that you're not just looking for any job, but that you're genuinely interested in being part of their team.