Broker - Energy Construction (Onshore)

2 weeks ago

London, Greater London, United Kingdom Lockton Full time £40,000 - £75,000 per year

Your Responsibilities
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 Construction (Onshore)
Lockton's specialty Energy Construction team is made up of experts who understand the lifecycle of the sectors who can provide expert advice on all downstream projects including on power, refining, petrochemical, LNG, LPG, GTL, pipelines, gas processing and renewables. We cover CAR / EAR / BAR, delay in start up, advance loss of profits, third party liability, first year operations and contractors plant & equipment.

Broker Role – What is involved?
As a Broker in the Energy Construction team you will join our successful team of Brokers to provide innovative, detailed and best practice service for clients across a wide ranging portfolio. Our Brokers provide a comprehensive service to clients directly and through our local wholesale office network .

Alongside core broking activities you will be exposed to new business generation, tender presentations and working with our existing client base to identify business development opportunities. Throughout this you'll build a detailed understanding of our clients needs, applying this knowledge to seek innovative ways to create added value and differentiators during the placement process.

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 needs are met in the best possible way.

Qualifications
What are the typical responsibilities as a Broker?

  • Building strong partnerships with new and existing clients
  • Gathering detailed information from clients to understand their risk profile, business needs and exposures to provide advice on coverage, programme pricing and retention strategy
  • 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
  • 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 Energy Construction team you will need to have Insurance industry experience gained ideally within the Energy Construction or wider Construction insurance markets.
  • It would be desirable for you to have experience of working on Energy business from a Broking, Underwriting or wider Insurance background
  • Previous involvement with running or managing tenders will be helpful
  • Desire to join a dynamic, entrepreneurial team in a growing organisation

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