Senior Property Broker - Bermuda
Bermuda, Global
002953
Senior Property Broker - Bermuda
Bermuda, Global
002953
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
Business unit
North America
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
Senior Property Broker
A fantastic opportunity has arisen for an experienced Senior Property Broker to join Lockton's successful and growing Bermuda team.
Why Lockton
Since its foundation in 1966 Lockton has grown to become the world’s largest privately held independent by helping clients achieve their business objectives. Today with more than 8000 Associates in over 100 offices worldwide, Lockton’s dynamic and innovative organisation truly embraces its uncommonly independent status.
For nine consecutive years, Business Insurance magazine has recognised Lockton as the ‘Best Place to Work in Insurance’.
We attract the best professionals to come and work with us who are excited by our unique culture that values respect, ethical, moral and caring approach, in fact our Associates are our greatest asset.
Key Tasks & Duties:
- Manages market relationships at both an operational and strategic level.
- Understands Property clients risk profile, business needs and exposures to provide advice on coverage, programme pricing and retention strategy.
- Prepares and issues appropriate coverage documentation, including wordings and placement slips within agreed contract certainty deadlines.
- Identifies and manages the use of other Lockton resources/specialist teams.
- Assists with the resolution of service issues with insurers and other third-party providers.
- Attends Client Strategy Meetings where required.
- Undertakes technical reviews (where identified) of insurance programmes for clients, making recommendations for change, where deemed relevant.
- Undertakes appropriate benchmarking for clients on their programme limits, coverage and deductibles as required.
- Maintains a current knowledge of cover written by the major insurers and communicate to appropriate Associates.
- Keeps abreast of insurance market developments and communicate to those Associates as deemed appropriate.
- Constantly monitors the market in order to consider the most appropriate placement strategy for Lockton.
- Provides support in drafting reports/presentations/bulletins for use both internally and externally.
Qualifications
Minimum Qualifications, Skills and Experience:
- Professional and tactful negotiation and persuasion skills to achieve objectives.
- Ability to compile, analyse and interpret financial information and data to facilitate decision making.
- Ability to identify opportunities for business development.
- A comprehensive understanding of the general, legal principles of insurance as well as insurer products and specialisms.
- An understanding of regulatory controls and procedures relating to commercial property business
- Ability to interpret Property claims experiences, the impact of deductibles and cover variations and prepare broking documents to reflect this.
- Deep knowledge and practical experience of trading in key international Property insurance markets, including London / Lloyd’s insurance market
- A minimum of 10 years' commercial property broking experience
- Professional Insurance qualification (i.e. CII) with at least 3 years post qualification experience in Broking.
- Excellent written and verbal communication skills.
- Results driven, highly analytical and great attention to detail.
- Experience with Broking IT platforms desired.
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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