Broker - Upstream Energy

6 months ago

London, United Kingdom Lockton, Inc. Full time

**General information**:
**Reference **:002032

**Vacancy location**:
**Location**:
United Kingdom, London, London

**Work Place**:
Hybrid

**Secondary Location**:
London

**Vacancy details**:
**Job Profile**:
Lockton - Experienced Professional

**Title**:
Broker - Upstream Energy

**Description**:
Lockton Global Energy

Lockton Global Energy is a cohesive and collaborative global team of handpicked energy specialists. Harnessing deep expertise, we act as a trusted partner to our clients, securing cost effective, bespoke insurance and risk solutions. As an independent broker, we’re not led by profit margins and shareholder demands, allowing us to always put our client’s interests first.

Founded in 2014, Lockton Global Energy is a specialty business focused on the Oil, Gas, Power and Renewables businesses. It has grown significantly over the past 10 years to include over 300 energy specialists across 35 countries, with over USD1.1bn of premium placed across our Energy divisions.

Lockton Energy Upstream

With specific reference to Upstream, and befitting the namesake, the geographical spread of our clients is truly global. Through access via our international network, which includes strategic energy hubs, Lockton Global Energy provides specialist insurance services to clients across the world. Our diverse portfolio encompasses the full spectrum of risk profiles across the Upstream and Midstream sectors of the oil and gas supply chain, including Onshore/Offshore E&P Operators, Onshore/Offshore Service Contractors and Midstream Operators and Service Contractors.

We pride ourselves on providing market leading advisory services across all aspects of an Energy Package insurance product, from single coverage policies to multifaceted package placements which include Physical Damage, Control of Well, Time Element (BI, CBI, LOPI, Loss of Hire) and associated Third Party Liability coverages to clients of all sizes, from single region operators, through to multinational and vertically integrated companies.

With our American heritage, the backbone of Lockton Global Energy’s business remains US domiciled, but we’re at a very exciting stage in our business evolution, with ambitious plans to further expand our service offering in targeted areas including Latin America, Middle East, Europe and Africa.

Broker Role - What is involved?

As a Broker in the Energy Upstream team you will join our successful team of Brokers and Account Executives to provide innovative, detailed and best practice service for clients across a wide ranging portfolio, including Operators and Service Contractors.

As a Global company there will be plenty of opportunity for cross selling across all Energy specialisms and the wider business lines we operate in. There will also be opportunity to travel to meet clients and colleagues across the global team.

What is most important to us is your ability to understand what our clients need and provide a bespoke service to ensure these are met in the best possible way.

What are the typical responsibilities as a Broker?

Building strong partnerships with new and existing clients

Gathering detailed information from clients to understand their needs

Analysing underwriting information in order to prepare market submissions

Providing input alongside our dedicated Energy Wordings Specialist to provide bespoke coverage

Lead Broker revenue negotiations

Work with the Account Executive team to ensure all required information is documented

Coordinating with the dedicated Energy Claims team in the event of a loss

Building a strong working network of our global colleagues and partners

What skills and experience would we like you to have?

As a Broker in the Upstream team it would be desirable for you to have experience of working on Upstream Energy business from a Broking, Underwriting or wider Insurance background

Experience of working on business emanating from the US, Latin America, or Middle East geographical regions will be beneficial

Previous involvement with running or managing tenders will be helpful

Desire to join a dynamic, entrepreneurial team in a growing organisation

What can we offer you?

The Global Energy practice are a team of Energy specialists who take a holistic approach to client work. Since our inception in 2014 we have grown from an Oil and Gas focused team to now including the full energy spectrum including Power, Renewables and Construction. Each Associate in the Global Energy practice will have a rounded exposure to all elements of the energy business, whilst developing a specialism in a chosen field.

Cultural team fit is one of the most important elements for us. We have worked hard to build a harmonious team of talented individuals who have the skills and training to be able to operate in a collaborative, supported and inclusive environment across the whole of the Energy practice to allow you the opportunity to learn cross class business.

About Lockton

Lockton is the

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