At a Glance
- Tasks: Place complex facultative risks into Lloyd’s and international reinsurance markets.
- Company: A growing international reinsurance brokerage with a strong London presence.
- Benefits: Competitive salary, comprehensive benefits, and support from experienced Directors and Managers.
- Other info: Opportunity for career growth in a friendly and ambitious team.
- Why this job: Join a dynamic team and make a real impact in a lean, entrepreneurial environment.
- Qualifications: Experience in facultative reinsurance broking and strong knowledge of Lloyd’s market.
The predicted salary is between 63000 - 77000 £ per year.
A growing and well-backed international reinsurance brokerage with an established presence outside the UK and an expanding London operation. The firm is known for its technical expertise in complex facultative placements and its strong access to Lloyd’s and global markets. With ambitious growth plans, the London team offers the opportunity to join a lean, entrepreneurial environment with genuine scope to make an impact. Due to growth within the team, a position for a Senior Facultative Reinsurance Broker has arisen.
As a Senior Facultative Reinsurance Broker, you will play a key role in placing complex facultative risks into the Lloyd’s and international reinsurance markets. Working closely with underwriters, you will structure and negotiate tailored reinsurance solutions across a range of classes, while helping to develop and grow a core portfolio of clients. This hands-on broking role is suited to a commercially minded individual who enjoys client interaction, market engagement and contributing to the growth of a developing platform.
Some of your key responsibilities will include:
- Handling complex placements across Property, Business Interruption and wider P&C and Specialty lines.
- Managing and developing strong relationships with cedants, producing brokers and reinsurers.
- Supporting the retention and growth of existing accounts and contributing to new business generation.
- Preparing and reviewing placement slips, MRCs and all supporting documentation.
- Presenting detailed submissions to underwriters and ensuring that all placements are completed accurately, efficiently and in line with regulatory and internal governance requirements.
- Collaboration with internal stakeholders to deliver timely and high-quality outcomes for clients.
To be successful in this role, you will have experience in a senior position within facultative reinsurance broking, with strong knowledge of the Lloyd’s and international reinsurance markets. You will have proven experience placing Property and/or broader P&C facultative risks and will bring established relationships with key underwriters. You will be a confident communicator with strong negotiation and relationship-management skills, supported by solid analytical ability and a high level of attention to detail. You will be comfortable managing multiple placements and priorities simultaneously and will ideally be degree-educated in Business, Finance, Insurance or a related discipline.
You’ll be offered a competitive salary depending on experience, plus a comprehensive benefits package. You’ll receive support from both Directors and Managers. You’ll enjoy working as part of a growing and friendly team with a unique vision to grow and develop.
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now. If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
Senior Facultative Reinsurance Broker in London employer: Hays
Join a vibrant secondary school that prioritises excellence in education and fosters a supportive community for both students and staff. As the Head of Mathematics, you will benefit from a competitive salary, ongoing professional development opportunities, and a collaborative work culture that encourages innovation and growth. This role not only allows you to lead a dedicated team but also to make a significant impact on student achievement in a welcoming environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Facultative Reinsurance Broker 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 Hays). 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 Hays. 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 Senior Facultative Reinsurance Broker 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 Hays.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hays. 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 Hays
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hays 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 Hays, 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 Hays'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.
