Insurance Broker - Terrorism in London

The Senior Terrorism & Political Violence Broker serves as the primary liaison between insurers and clients. This person is responsible for managing major client relationships, deploying placement expertise, and helping to drive revenue growth within the team and wider Crisis Management division. Serves in a senior role on major accounts. Advise clients/strategize/provide expertise on difficult-to-place business. Perform policy contract reviews; negotiate competitive terms and conditions. Assist in establishing placement strategy for region. Act as a thought leader and contribute to business growth objectives. Act as a mentor to more junior brokers on their accounts. Provide knowledge, leadership, insight and direction for broking activities to ensure that clients' expectations are regularly met. This role incorporates a wide level of expertise, but always assumes the broker is capable of handling accounts independently. The size and complexity of the account can vary. More experienced brokers may be responsible for training and supervising Associate Brokers. Responsible to ensure that relevant regulatory and technical standards are met. Helps drive the broking team to achieve agreed operational and financial goals and objectives.

The Role:

• Orchestrate new business placement, renewals and alterations of existing coverage.
• Develop, review and deliver presentations to secure new, and build on existing, relationships.
• Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market.
• Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients.
• Provide coverage and program design advice and expertise to client; perform needs and gap analysis to make recommendations regarding program improvements.
• Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients.
• Contribute to thought leadership and continuous process improvement of the Broking function.
• Work closely with associates to stay on top of changes in the marketplace.
• Oversee design and preparation of draft proposals; negotiate and finalize carrier quotes, terms and conditions and coverage confirmations to ensure contract certainty.
• Working with the global broking team in all aspects of work.
• Provide coaching to brokers in training.
• Actively identify opportunities to work with colleagues across the business to capitalise on account penetration and cross selling opportunities.
• Request / Attend and participate in regular client and underwriter meetings.
• Conduct program peer reviews.
• Prepare draft submission documents and finalize submissions for delivery.
• Review quotes against specifications and develop side-by-side comparisons.
• Prepare program proposals, bind policies, and provide midterm servicing.

Qualifications:

• High School leaver required; bachelor’s degree preferred.
• Strong group presentation skills (written and verbal); ability to drive complex/technical conversations.
• Relationship management: Customer focus, collaboration and interpersonal skills and conflict management. Demonstrates shared ownership of resolution of conflicts.
• Negotiation skills: Carrier and client negotiation skills. Can secure concessions without damaging relationships.
• Business acumen: demonstrates knowledge of industries and clients, carriers and/or markets.
• Project Management: ability to effectively manage and oversee small projects.
• Receptive to feedback; critical thinking and problem-solving skills; high adaptability.
• Leadership skills; applies judgement in making decisions, directs and motivates others, takes lead in small groups and promotes teamwork.
• Technical skills; ability to review and understand coverage forms and answer coverage questions. Ability to review insurance specification of contracts; ability to run analytics models.
• Knowledge of end-to-end insurance process, including process owners and rationale/purpose of key steps.
• Technology acumen – ability to utilize technology-based record management systems; basic MS Office skills and familiarity with other relevant online tools.

What We Offer:

Enjoy a benefits package designed to help you thrive, both professionally and personally. You’ll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.

Equal Opportunity Employer:

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@wtwco.com.