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 Power

Lockton’s specialist power generation team provides insurance solutions for a range of operational risks that owners of power plants regularly face. This capital-intensive sector faces increasing pressure from evolving electricity market demand patterns and, as a result, firms require insurance solutions that can evolve alongside them.

The rise of renewables and the erosion of traditional base load markets have brought new participants into the power generation space. These require reliable insurance risk transfer solutions that respond to the needs of both equity investors and finance parties. With close market proximity and depth of experience, Lockton is uniquely placed to offer unparalleled risk advice and cost-effective, reliable cover that responds the moment clients’ need it.

The Power team work closely with the Renewable Energy team, while this opportunity is focussed on Power there will be an opportunity to develop experience on the renewable side of the team also.

Broker Role – What is involved?

As a Broker in the Power 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 Construction All Risks, Delay in Start Up, Property Damage and Business Interruption policies.

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.

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
• 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 Power team you will need to have Insurance industry experience gained ideally within the Power, wider Energy or Property 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

What can we offer you?

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 world’s largest independent insurance broker.

What makes Lockton stand apart is also what makes us better; independence.

Lockton’s private ownership empowers it’s 10,750+ Associates doing business in over 140 countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe. Lockton delivers the deep understanding needed to accomplish remarkable results.

Our 97% client retention rate speaks for itself.

For the last nine consecutive years, Business Insurance magazine has recognised Lockton as a ‘Best Place to Work in Insurance’ – an achievement we are immensely proud of!