Delegated Authority/MGA Broker

Aon Reinsurance Solutions (UK) is currently recruiting for a P&C MGA broker to join the MGA Segment team in London. This role will work with the senior brokers/Account Executives driving broking and growth strategy, and the junior brokers responsible for providing broking execution and services to our clients at a tactical level, along with account managers. They will co-ordinate and contribute to the marketing and/or negotiation of delegated authorities and associated MGA transactions within the Lloyd’s and Company Market (globally) across all product lines on a day-to-day basis in accordance with market strategy.

This role comes to the market at an exciting time, as the team pivots to a more expansive position supporting the full suite of products across Aon Reinsurance UK and the wider Aon community with a focus on achieving substantial targets.

As a broker, some of your key responsibilities will involve:

• Working on Delegated Underwriting Authority (DUA) placements, including traditional Binding Authorities and Alternative Distribution Transactions.
• Providing assistance to MGA clients and Aon colleagues on DUA placement design, available coverage and capacity, likely pricing, potential coverage improvements and market progress.
• Engaging with Aon Analytics and Modelling to deliver analysis required to develop market presentations and broking strategy.
• Understanding and applying the full range of Aon United capabilities for the benefit of MGA/DUA and insurance clients.
• Providing essential support to help deliver MGA Team revenues.
• Being forward thinking to help the team provide consistent results to clients.
• Providing specialist advice to clients and colleagues.
• Being a great teammate – ability to collaborate across the MGA and product segments of Aon Reinsurance Solutions UK and offer mentorship.
• Building strategic relationships and helping deliver long-term strategy for clients.
• Working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks that may adversely affect the business, interests or reputation of any Group Company.

As a broker, your skills and qualifications will ideally include:

• Essential: Evidence of operating as a team player; strong knowledge and experience of the mechanics of delegated underwriting; willingness to learn and innovate; the ability to develop relationships across Aon, markets and clients; experience of client engagement; strong communication skills; proven broking experience; good competence with MS applications (Excel, Word, Outlook, PowerPoint).
• Desirable: Market experience of crafting and negotiating Delegated Underwriting Authority (DUA) placement; professional qualifications (DipCII/ACII); knowledge of, and strong relationships with, relevant DUA stakeholders; ability to challenge the norm; think strategically within the framework of the MGA Segment team and Aon Reinsurance UK; good understanding of analytics and the ability to interpret data.

In addition to our comprehensive benefits package, we encourage a diverse workforce. Our agile, inclusive 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, recognising that flexibility goes beyond just the place of work.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.