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- Tasks: Place facultative short-tail business and develop strong market relationships.
- Company: Successful global brokerage with a focus on innovation and growth.
- Benefits: Competitive salary and comprehensive benefits package.
- Why this job: Join a dynamic team and make an impact in the reinsurance industry.
- Qualifications: Experience in facultative reinsurance broking and strong negotiation skills.
- Other info: Fast-paced environment with opportunities for professional development.
The predicted salary is between 36000 - 60000 £ per year.
Location: London / Hybrid Working
Salary & Benefits: Competitive, plus comprehensive benefits package
My client, a very successful global brokerage, are seeking an experienced Facultative Property Broker to join our growing team in London. This role will focus on short-tail facultative lines across Property, Energy, and Terrorism, with a strong emphasis on European business. The successful candidate will play a key role in placing risks and driving new business production, leveraging established market relationships and developing new opportunities.
Key Responsibilities- Place facultative short-tail business across Property, Energy, and Terrorism lines, with a focus on European clients.
- Develop and maintain strong relationships with insurers, reinsurers, and clients in the London and international markets.
- Proactively source and produce new business opportunities, contributing to the growth of the portfolio.
- Negotiate terms, coverage, and pricing with underwriters to deliver the best outcomes for clients.
- Prepare and present market submissions, placing slips, and supporting documentation.
- Collaborate closely with colleagues across broking and technical teams to ensure seamless client service.
- Stay up to date with market trends, regulatory requirements, and product developments within the specialty lines.
- Proven experience in facultative reinsurance broking, ideally within Property, Energy, or Terrorism / Political Violence classes.
- Strong understanding of short-tail FAC placements, particularly within European markets.
- A track record of business development and production, with established insurer/reinsurer contacts.
- Excellent negotiation, communication, and relationship management skills.
- Ability to work effectively in a fast-paced, international broking environment.
- Fluency in an additional European language is a strong advantage.
Reinsurance FAC Broker in London employer: Harrison Holgate
Contact Detail:
Harrison Holgate Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance FAC Broker in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant online groups. The more people you know in the reinsurance world, the better your chances of landing that dream job.
✨Tip Number 2
Show off your expertise! Prepare to discuss your experience in facultative reinsurance, especially in Property, Energy, and Terrorism. Be ready to share specific examples of how you've successfully placed risks and developed new business opportunities.
✨Tip Number 3
Practice your negotiation skills! Since this role involves negotiating terms and pricing, consider role-playing scenarios with a friend or mentor. This will help you feel more confident when it comes time to seal the deal.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you prepare for interviews and showcase your skills. Plus, applying directly shows your enthusiasm and commitment to joining our team.
We think you need these skills to ace Reinsurance FAC Broker in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in facultative reinsurance, especially within Property, Energy, and Terrorism. We want to see how your skills align with the key responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to showcase your understanding of the market and your ability to develop strong relationships. Let us know why you're the perfect fit for our team in London.
Showcase Your Achievements: Don’t just list your duties; highlight your achievements in business development and production. We love to see quantifiable results that demonstrate your impact in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application 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 Harrison Holgate
✨Know Your Market
Before the interview, dive deep into the current trends in the facultative reinsurance market, especially focusing on Property, Energy, and Terrorism lines. Being able to discuss recent developments or changes in regulations will show your potential employer that you're not just knowledgeable but also genuinely interested in the industry.
✨Showcase Your Relationships
Prepare to talk about your existing relationships with insurers and reinsurers. Highlight specific examples of how these connections have helped you secure business in the past. This will demonstrate your ability to leverage established contacts for the benefit of the company.
✨Demonstrate Negotiation Skills
Be ready to discuss your negotiation strategies and provide examples of successful outcomes you've achieved. Consider role-playing a negotiation scenario during the interview to showcase your skills in real-time, which can leave a lasting impression.
✨Prepare Relevant Documentation
Bring along samples of market submissions, placing slips, or any relevant documentation that showcases your experience. This not only illustrates your organisational skills but also gives you tangible evidence of your capabilities to present during the interview.
