Reinsurance Broker
5 days ago
At GB001 Marsh Ltd, we are seeking a highly skilled Reinsurance Broker to join our team in London, UK. As a key member of our Credit, Bond & Political Risk Team, you will be responsible for negotiating and placing reinsurance contracts across a global marketplace.
Key Responsibilities:- Meet with clients to understand their needs and build strong relationships.
- Assist with the renewal of contracts for clients, placing business with client-approved reinsurers.
- Work closely with the analytics team to create bespoke client solutions.
- Negotiate with reinsurers on pricing, terms, and conditions to achieve positive outcomes for clients.
- Assist in the production of placement slips, cover notes, and contracts, as needed.
- Monitor the follow-up on contract documentation, ensuring the timely flow of materials and manage any mid-term requirements.
- Make significant contributions to the team's Sales & Business Development strategy, including work on RFPs and tenders.
- A hybrid working model that nurtures a collaborative working environment in the office 3 days per week, allowing 2 days per week to be spent working remotely.
- A competitive benefits package, including 27 days annual leave, up to 4 days flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, and a range of flexible benefits.
- Generous Family Leave, including 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave, and shared parental leave options.
- Bachelor's degree in a relevant field, such as economics, insurance, risk management, or finance, and/or Chartered Insurance Institute qualification.
- Proven experience as an insurance/reinsurance broker or underwriter, preferably with a focus on credit, surety, and/or political risk.
- Experience working with treaty reinsurance is a significant advantage.
- Data analysis and statistical skills, with the ability to create and present data in effective formats.
- Excellent negotiation and communication skills to effectively interact with clients and reinsurers.
- Ability to build and maintain strong relationships with clients and stakeholders.
- Ability to work effectively with colleagues, clients, and industry leaders at all levels.
- Ability to identify and manage potential conflicts of interest, as well as handle confidential and sensitive information with discretion and integrity at all times.
- Ability to work under pressure and deliver under tight deadlines.
- In-depth knowledge of the credit, surety, and political risk insurance market, including key players, products, and emerging trends.
- Confidence in understanding associated risks and how to structure (re)insurance risk transfer solutions around them.
- Ability to identify market insights, trends, and then use that knowledge to advise clients on their underwriting and portfolio management strategies.
- Additional language skills would be advantageous.
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