Broker - US Casualty
London, United Kingdom
002952
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
About the Position
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
Lockton - Property & Casualty Specialties
Lockton Specialties is a globally connected team of insurance experts extensively covering a diverse range of product lines and industry sectors. By embracing client challenges as our own, we equip clients with an extensive range of bespoke risk solutions to help drive their business to be safer, smarter and more successful.
The P&C Specialties division spans across US and International Property; US and International Casualty; Accident & Health; and Crisis Management, including Product Recall, Kidnap & Ransom and Terrorism, for clients across all industry sectors.
Lockton - US Casualty
Our US Casualty offering to clients is more than insurance solutions and placement, we embrace our client’s challenges as our own. With over 100 years of specialist US and International Casualty risk knowledge, we take a fully consultative and holistic approach to the exposures our clients face.
Our Casualty team specialize in a diverse range of industry vertical experts, technical wording specialists, risk engineering advice and integrated claims support, so we can offer the most compelling casualty insurance solutions, regardless of the industry, product ling or territory.
Our Casualty team leverage long-standing insurer relationships and unprecedented market access so we can build the most extraordinary client risk management experience.
Broker Role – What is involved?
As a Broker in the US Casualty 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.
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 Property & Casualty 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.
Qualifications
What are the typical responsibilities as a Broker?
- Negotiating with insurers to achieve the best outcome for Lockton’s US clients.
- Building strong partnerships with new and existing clients, Underwriters and market contacts.
- Drive the London insurance market to offer better solutions for our US clients and prospects.
- Become part of a collaborative team, committed to delivering service to our US Retailers.
- Opportunity to specialize in an ever growing technology practice such as ‘shared economy’ insurance solutions.
- Gathering detailed understanding of the client’s risk profile, business needs and exposures to assist in providing advice on coverage, programme pricing and retention strategy
- Analysing underwriting information in order to prepare market submissions along with an Account Executive.
- Assist in preparing and issuing coverage documentation including wording negotiation
- Lead Broker revenue negotiations
- Work with the Account Executive team to ensure all required information is documented
- Coordinating with the dedicated 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 US Casualty team it would be desirable for you to have experience of working on US Casualty business from a Broking, Underwriting or wider Insurance background
- Experience of working on business emanating from the US, Latin America, or Canada will be beneficial
- Previous involvement with running or managing tenders will be helpful
- Desire to join a dynamic, entrepreneurial team in a growing organisation
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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