Cyber Broker

  • Job Reference: 705437191-2
  • Date Posted: 6 September 2022
  • Recruiter: Arthur
  • Location: London
  • Salary: £45,000 to £60,000
  • Sector: Banking & Financial Services
  • Job Type: Permanent

Job Description

City based Lloyds Broker is seeking an individual to deliver client service through; advising clients on their insurance programmes, negotiating and placing contracts of insurance that meet client needs and conforming to company practice quality standards.Quoting, Placement and Post Contract Alterations
  • Analyse and provide advice on risk and insurance issues and structure appropriate coverage.
  • Placing structure is appropriate to the insured's operations; exposure and risk transfer goals.
  • Market presentations secure best possible terms for the client, with full material disclosure.
  • Negotiates and obtains the most appropriate carrier, coverage and price for the clients' requirements.
  • Resolves subjectivities and warranties in accordance with client/insurer instructions to secure underwriters' participation.
  • Negotiates agreement to post-placement changes, e.g. by contract endorsement.
Market Relationships
  • Develops and maintains market relationships to permit the widest placing opportunities.
  • Experience liaising with both Lloyd's and company markets.
Client Management
  • Identifies and manages client requirements in accordance with the terms of appointment
  • Builds and maintains strong client relationships
  • Achieves a high rate of client retention through well-planned and executed account renewal management
  • Confident liaising with and/or presenting to international clients whether on a wholesale or retail basis.
  • Ensures there are sufficient resources to meet client day-to-day demands and escalates servicing issues to divisional management as necessary
Desirable Experience:London or international market experience preferably in broking, Account servicing to large International corporations; technical insurance. Preference given to those with direct experience within the Cyber and/or Tech E&O markets. Technical insurance to CertCII or equivalent experience