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For Companies At a Glance
- Tasks: Manage and place complex reinsurance contracts while building strong relationships.
- Company: Established international Lloyd's broker in the heart of London.
- Benefits: Competitive salary up to £80,000 and opportunities for professional growth.
- Why this job: Join a dynamic team and make a real impact in the reinsurance market.
- Qualifications: Experience in broking Treaty reinsurance contracts and strong market knowledge.
- Other info: Be part of a diverse environment with excellent career development opportunities.
The predicted salary is between 48000 - 64000 £ per year.
A privately-owned, established international Lloyd's broker based in the City of London is currently looking to recruit an experienced London Market Broker to join their successful team. You will have the opportunity to be involved in the placement and management of property excess of loss treaty reinsurance contracts and non-marine (open market & binders) business.
Overview
- Develop and maintain new and existing relationships with Underwriters, Agents and Clients.
- Obtain and analyse risk information.
- Identify suitable (re)insurers with appropriate risk appetite.
- Arrange bespoke (re)insurance cover in complex cases; preparing reports for underwriters.
- Lead broking and negotiations with Lloyds, Company and overseas markets.
- Maintain close communication with clients/agents through the placement cycle.
- Produce and process open market slips and assist with binding authorities.
- Produce slips/endorsements, evidence of cover, cover notes, policy schedules, debit notes and monthly lineslip declarations.
- Process entries/contract on all computer systems including Brokasure.
Person Specification
This is a pivotal position and requires applicants with solid Lloyds market expertise, both broking and technical together with drive, resourcefulness and a commercial outlook. The priority for this role is some experience broking Treaty reinsurance contracts.
What you can expect
- Permanent position
- Salary to £80,000
- An opportunity to become a key member within a dynamic broking environment that offers diversity and the scope to develop professionally and personally.
Reinsurance Placing Broker in London employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Placing Broker in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals at events or online. Building relationships with Underwriters and Agents can give you the inside track on job opportunities.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers, highlight your experience in broking Treaty reinsurance contracts. Make sure they know you’re the right fit for their team.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out to companies directly through our website and express your interest in joining their team. You never know what opportunities might arise!
✨Tip Number 4
Prepare for interviews by brushing up on your negotiation skills. Since this role involves leading broking discussions, being able to demonstrate your ability to negotiate effectively will set you apart from other candidates.
We think you need these skills to ace Reinsurance Placing Broker in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Placing Broker role. Highlight your experience in broking Treaty reinsurance contracts and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Share specific examples of your past successes in the Lloyd's market and how you’ve developed relationships with Underwriters and Clients.
Showcase Your Technical Skills: Since this role requires solid technical expertise, don’t forget to mention your familiarity with systems like Brokasure. We’re keen to know how you’ve used technology to enhance your broking processes in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. Plus, it shows you’re proactive and keen to join our dynamic team!
How to prepare for a job interview at MW Appointments
✨Know Your Market
Familiarise yourself with the London Market and the specific nuances of reinsurance, especially property excess of loss treaty contracts. Being able to discuss recent trends or changes in the market will show your expertise and enthusiasm for the role.
✨Build Rapport
Since this role involves developing relationships with underwriters and clients, practice your interpersonal skills. Think about how you can connect with the interviewers by sharing relevant experiences where you've successfully built relationships in previous roles.
✨Prepare for Technical Questions
Expect questions that dive into your technical knowledge of broking and treaty reinsurance. Brush up on key concepts and be ready to discuss how you've handled complex cases in the past, including any bespoke insurance covers you've arranged.
✨Showcase Your Negotiation Skills
Negotiation is a big part of this job, so prepare examples of successful negotiations you've led. Highlight your approach to leading discussions with Lloyds and other markets, and how you achieved favourable outcomes for your clients.
