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- Tasks: Join us as a Broker to develop new business and cultivate relationships globally.
- Company: Servca is a dynamic, owner-managed Lloyd’s Broker with international reach.
- Benefits: Enjoy flexible working, career development, competitive salary, and private medical insurance.
- Why this job: This role offers international exposure and the chance to grow in a rewarding industry.
- Qualifications: 2+ years in commercial broking with strong communication skills and insurer relationships.
- Other info: Hybrid work model: 3 days in London, 2 days remote.
The predicted salary is between 36000 - 60000 £ per year.
PI Wholesale Broker Servca are an international, owner-managed Lloyd’s Broker headquartered in the UK with offices in Canada and Europe. Servca specialise in Professional Indemnity, D&O, Medical Malpractice and Liability risks originating from direct ‘Retail’ clients and from our global partner brokers (Wholesale business). In line with our strong growth, we are seeking a highly driven Commercial Broker to grow UK and international business. This individual will be a highly motivated, self-starter able to identify and develop new business prospects. Key responsibilities/tasks Develop new business with new and existing regional brokers. by placing business into various Lloyd’s of London facilities set up by the company. Leverage existing insurer relationships in placement of risks. Follow up on leads and conduct research to identify potential prospects. Follow, build and cultivate prospective relationships by initiating communications and conducting follow-up communication with new and existing partners globally. Leverage existing relationships to contribute to the company and its future advancements. Skills and Experience Minimum 2 years experience in commercial broking professional indemnity & liability insurance including wordings, clauses and endorsement specifics. Lloyd’s of London experience would be ideal, although not compulsory. Demonstrated ability to meet and/or exceed risk placement targets. A proven track record of strong insurer relationships. Business development skills would be advantageous. Excellent written and verbal communication skills. Proficient in MS Office products (Excel, Word, MS Outlook, MS PowerPoint). Experience with using main-stream insurance CRMs. Leverage existing relationships to contribute to the company and its future advancements. Ability to follow up leads to build the prospect pipeline. Knowledge of and experience in setting up binders, schemes and delegated authorities would be beneficial. What we offer you A truly rewarding career in insurance and Lloyd\’s of London International exposure by working with our UK and global clients and partners A flexible and agile working environment where you are empowered to achieve results. A growing team. Career development. Flexible working conditions (hybrid working 3 days in London/2 days wfh). An opportunity for you to grow and learn new skills. A competitive salary, based on your experience. Participation in the company performance related bonus scheme Private Medical Insurance Pension Servca & affiliated subsidiaries are an equal opportunities employer.
Broker employer: Servca
Contact Detail:
Servca Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Broker
✨Tip Number 1
Network actively within the insurance industry, especially with professionals who have experience in Lloyd's of London. Attend industry events and seminars to meet potential contacts and learn about new business opportunities.
✨Tip Number 2
Research and familiarize yourself with the specific types of Professional Indemnity and Liability insurance that Servca specializes in. This knowledge will help you engage more effectively with potential clients and demonstrate your expertise.
✨Tip Number 3
Utilize social media platforms like LinkedIn to connect with existing brokers and insurers. Share relevant content and insights to position yourself as a knowledgeable professional in the field.
✨Tip Number 4
Prepare to discuss your previous successes in business development during the interview. Be ready to share specific examples of how you've met or exceeded placement targets and built strong relationships with insurers.
We think you need these skills to ace Broker
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Broker position at Servca. Understand the key responsibilities and required skills, especially focusing on commercial broking and professional indemnity insurance.
Highlight Relevant Experience: In your application, emphasize your experience in commercial broking, particularly any work related to professional indemnity and liability insurance. Mention specific achievements that demonstrate your ability to meet or exceed risk placement targets.
Showcase Communication Skills: Since excellent written and verbal communication skills are crucial for this role, ensure your application is well-written and free of errors. Use clear and concise language to convey your points effectively.
Demonstrate Business Development Acumen: If you have experience in business development, make sure to highlight it in your application. Discuss how you've successfully identified and developed new business prospects in previous roles.
How to prepare for a job interview at Servca
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the insurance industry, particularly in professional indemnity and liability insurance. Be prepared to discuss specific wordings, clauses, and endorsements that are relevant to the role.
✨Highlight Your Business Development Skills
Since the role involves developing new business, be ready to share examples of how you've successfully identified and cultivated new prospects in the past. Discuss any strategies you've used to build relationships with brokers and insurers.
✨Prepare for Relationship Management Questions
Expect questions about how you manage and leverage existing relationships. Be prepared to provide examples of how you've maintained strong connections with insurers and partners, and how these relationships have benefited your previous employers.
✨Demonstrate Your Communication Skills
As excellent written and verbal communication skills are essential for this role, practice articulating your thoughts clearly and confidently. You might be asked to present a case or explain a complex topic, so be ready to showcase your ability to communicate effectively.
