Binding Authority Broker

2 weeks ago

London, United Kingdom MW Appointments Full time

An exciting opportunity for a Binding Authority specialist to join an established and independent Lloyd's broker.

The focus is on delivering innovative solutions and maintaining enduring relationships with clients and partners.

Role Overview …

We are in search of an Experienced Binding Authority Broker / Account Executive who possesses an in-depth understanding of the UK insurance market, particularly within the binding authority space. The ideal candidate will have strong connections within the UK broker community and a track record of fostering growth and managing complex insurance portfolios.

Key Responsibilities …

  • Utilize existing broker networks to expand business and develop new opportunities.
  • Cultivate and manage existing client relationships, ensuring exceptional service and satisfaction.
  • Identify and capitalize on new business prospects.
  • Negotiate and manage binding authority agreements.
  • Maintain compliance with Lloyd's of London standards and regulatory frameworks.
  • Assess the performance and profitability of binding authority contracts.
  • Execute detailed risk evaluations for insurance proposals.
  • Oversee a diverse portfolio of binding authority contracts.
  • Offer expert advice on risk management and optimal coverage strategies.
  • Collaborate with underwriters, actuaries, and other insurance professionals.
  • Influence strategic planning and direction of the brokerage operations.
  • Guide and support the professional development of junior brokers and team members.

What you need to bring …

  • Extensive experience as a Binding Authority Broker / Account Executive, with a focus on the Lloyd's market.
  • Robust network within the UK insurance broker community.
  • Deep understanding of insurance products, market dynamics, and regulatory landscape.
  • Exceptional negotiation, communication, and relationship management skills.

What is on offer …

  • A permanent, full-time contract
  • Base Salary to £100,000 + benefits
  • City of London & Home working flexibility
  • Become a key member within a successful and dynamic business environment
  • Collaborate and exchange ideas with motivated professionals
  • Work in a space where your ideas will be valued

REF: 9561

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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