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- Tasks: Build and nurture relationships with Underwriters, Agents, and Clients while managing complex reinsurance cases.
- Company: Join a dynamic team in the reinsurance sector, known for its innovative approach and strong market presence.
- Benefits: Enjoy competitive compensation, professional development opportunities, and a collaborative work environment.
- Why this job: This role offers a chance to lead negotiations and make impactful decisions in a fast-paced industry.
- Qualifications: Solid experience in the Lloyds market is essential, along with strong broking and technical skills.
- Other info: Ideal for driven individuals looking to advance their careers in a pivotal position.
The predicted salary is between 43200 - 72000 £ per year.
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Develop and maintain new and existing relationships with Underwriters, Agents and Clients.
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Obtain and analyse risk information.
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Identify suitable (re)insurers with appropriate risk appetite
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Arrange bespoke (re)insurance cover in complex cases; preparing reports for underwriters.
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Lead broking and negotiations with Lloyds, Company and overseas markets.
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Maintain close communication with clients/agents through the placement cycle.
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Produce and process open market slips and assist with binding authorities.
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Produce slips/endorsements, evidence of cover, cover notes, policy schedules, debit notes and monthly lineslip declarations.
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Process entries/contract on all computer systems including Brokasure.
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.
Reinsurance Placing Broker employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Placing Broker
✨Tip Number 1
Network actively within the Lloyds market. Attend industry events, seminars, and conferences to meet underwriters and agents. Building these relationships can give you an edge in understanding their risk appetites and preferences.
✨Tip Number 2
Stay updated on market trends and changes in regulations that affect reinsurance. This knowledge will not only help you in negotiations but also demonstrate your commitment and expertise during discussions with potential employers.
✨Tip Number 3
Familiarize yourself with the technical aspects of reinsurance placements, including the use of systems like Brokasure. Being proficient in these tools will make you a more attractive candidate and show that you can hit the ground running.
✨Tip Number 4
Prepare to discuss specific examples of complex cases you've handled in the past. Highlight your negotiation skills and how you've successfully arranged bespoke cover, as this will resonate well with our expectations for the role.
We think you need these skills to ace Reinsurance Placing Broker
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasize your experience in the Lloyds market and any previous roles that involved broking and negotiations. Use specific examples to demonstrate your expertise.
Showcase Relationship Management Skills: Since the role involves developing and maintaining relationships with Underwriters, Agents, and Clients, include examples of how you've successfully managed these relationships in the past.
Detail Your Analytical Skills: Discuss your ability to obtain and analyze risk information. Provide examples of how you've identified suitable (re)insurers and arranged bespoke insurance cover in complex cases.
Tailor Your Application: Customize your CV and cover letter to reflect the specific requirements mentioned in the job description. Use keywords from the listing to ensure your application stands out.
How to prepare for a job interview at MW Appointments
✨Show Your Market Knowledge
Make sure to demonstrate your understanding of the Lloyds market and its intricacies. Be prepared to discuss recent trends, key players, and how they impact the reinsurance landscape.
✨Highlight Relationship Management Skills
Since the role involves developing and maintaining relationships with underwriters, agents, and clients, share specific examples of how you've successfully built and nurtured professional relationships in the past.
✨Prepare for Technical Questions
Expect questions that assess your technical knowledge related to risk analysis and bespoke insurance cover. Brush up on your ability to analyze risk information and identify suitable (re)insurers.
✨Demonstrate Negotiation Experience
As leading broking and negotiations is a key part of the job, be ready to discuss your negotiation strategies and any successful outcomes you've achieved in previous roles.
