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For Companies At a Glance
- Tasks: Manage and advise on Professional Indemnity insurance for diverse clients.
- Company: Join a leading Global Lloyd's Broker with a focus on growth and innovation.
- Benefits: Enjoy a dynamic work environment with opportunities for professional development.
- Why this job: Be part of a pivotal role that shapes the division's success and client relationships.
- Qualifications: 3+ years in London Market Broking, with expertise in PI or related insurance.
- Other info: Collaborate with a passionate team and share insights to drive business forward.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
A brand new position has arisen for a Global Lloyd's Broker who are now seeking a PI Broker, within their Professional & Financial Lines Division, focused on miscellaneous clients.
This is dual position that involves client and market facing Broker duties, where you will be managing and leading 8-10 high value and complex UK and International miscellaneous accounts, as well as playing a pivotal part of the division's growth and success.
Role Duties
- Manage, placing and offering expert advice on Professional Indemnity insurance solutions for wholesale partners in line with the company foundation and client requitements
- Assist and resolve client enquiries in a timely and professional manner
- Responsible for the management of client accounts, monitoring renewals whilst ensuring timely invitations and submissions
- Collaborating effectively with the team of strategic planning and business development initiatives
- Assisting with market and client presentations
- Prepare market submissions and liaise with insurers and clients
- Negotiating with markets and placing risks
- Attend team meetings sharing ideas, market insights and knowledge with colleagues
About You
- A minimum of 3 years required of London Market Broking experience
- Experience in PI, D&O or Management Liability Insurance with exposure to miscellaneous clients
- Excellent relationship building and communication skills
- Solid negotiation and client facing skills
- Ability to work independently or as part of a team
PI Broker employer: Nashrock Recruitment
Contact Detail:
Nashrock Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Broker
✨Tip Number 1
Network within the London Market to connect with professionals who have experience in Professional Indemnity insurance. Attend industry events and seminars to meet potential colleagues and clients, as personal connections can often lead to job opportunities.
✨Tip Number 2
Stay updated on the latest trends and changes in the Professional Indemnity insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your ability to provide expert advice.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed high-value accounts in the past. Highlight your negotiation skills and any innovative solutions you've implemented to resolve client issues, as these will be key in showcasing your suitability for the role.
✨Tip Number 4
Familiarise yourself with the company's values and recent achievements. Tailoring your conversations during interviews to align with their goals will show that you're not just interested in the position, but also in contributing to the company's growth and success.
We think you need these skills to ace PI Broker
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in London Market Broking, particularly in Professional Indemnity insurance. Emphasise your skills in managing high-value accounts and your ability to build relationships with clients.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the job description. Mention your experience with miscellaneous clients and how you can contribute to the growth of the division. Use examples from your past roles to demonstrate your negotiation and client-facing skills.
Showcase Your Industry Knowledge: In your application, include insights or trends you've noticed in the Professional Indemnity market. This shows your understanding of the industry and your proactive approach to staying informed.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial in a broker role.
How to prepare for a job interview at Nashrock Recruitment
✨Showcase Your Industry Knowledge
Make sure to brush up on the latest trends and developments in Professional Indemnity insurance. Being able to discuss current market conditions and how they affect clients will demonstrate your expertise and commitment to the role.
✨Prepare for Client Scenarios
Think about potential client scenarios you might encounter in this role. Be ready to discuss how you would manage complex accounts and resolve client enquiries, showcasing your problem-solving skills and experience.
✨Highlight Your Negotiation Skills
Since negotiation is a key part of the job, prepare examples from your past experiences where you successfully negotiated terms with insurers or clients. This will help illustrate your ability to handle high-value accounts effectively.
✨Demonstrate Team Collaboration
This role involves working closely with a team, so be prepared to discuss how you've collaborated with colleagues in the past. Share specific examples of how you contributed to strategic planning or business development initiatives.