Binding Authority Broker

2 weeks ago

City of London Greater 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. #J-18808-Ljbffr

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