At a Glance
- Tasks: Develop new business and cultivate relationships with brokers globally.
- Company: Servca is a dynamic Lloyd’s Broker with international reach, specialising in various insurance risks.
- Benefits: Enjoy flexible working, career development, competitive salary, and private medical insurance.
- Other info: Hybrid working model: 3 days in London, 2 days from home.
- Why this job: Join a growing team and gain international exposure while making a real impact in the insurance industry.
- Qualifications: 2+ years in commercial broking with strong communication skills; Lloyd's experience is a plus.
The predicted salary is between 36000 - 60000 £ per year.
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.
- 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.
Job Broker in London employer: Servca
Servca is an exceptional employer, offering a dynamic and flexible working environment that empowers employees to thrive in their careers within the insurance sector. With opportunities for international exposure and professional growth, team members benefit from a supportive culture that values innovation and collaboration, alongside competitive salaries and comprehensive benefits including private medical insurance and a performance-related bonus scheme. Join us in London and be part of a growing team dedicated to excellence in the Lloyd's market.
StudySmarter Expert Advice🤫
We think this is how you could land Job Broker in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Servca). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Servca. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Job Broker in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Servca.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Servca. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Servca
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Servca to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Servca, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Servca's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
