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.

Account Executive Role – What is involved?

As an Account Executive your primary role is to build and maintain excellent working relationships with our clients to ensure that we are providing the best service for all of their insurance needs. This will also include fostering close working relationships with our Brokers and wordings and claims experts.

You will be responsible for an allocated portfolio of existing clients to support their ongoing insurance needs and renewal process. This will include supporting strategy meetings with clients and our expert Brokers, preparing market submissions, analysing renewal information, looking for opportunities to provide enhance or additional services and tracking client policies through the renewal process.

As a Global company there will be plenty of opportunity for cross class exposure across all Energy specialisms and the wider business lines we operate in.  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.

What are the typical responsibilities as an Account Executive?

• Building strong partnerships with your allocated portfolio of clients
• Proactively track client renewal periods, premium payments and any losses
• Analyse renewal information to prepare market submissions
• Provide client feedback to contribute to client review meetings and renewal strategy
• Prepare policy documentation including working with our Energy wordings expert for any bespoke clause wording
• Support the claims team on any major losses

What skills and experience would we like you to have?

• As an Account Executive in the Power team it would be desirable for you to have experience of working on Energy business from a Broking, Underwriting or wider Insurance background
• Previous experience of working on or an interest in learning Renewable business is desirable
• Experience of preparing market submissions and policy documentation will be beneficial
• Due to the nature of the role you will need to be organized, proficient in using Microsoft office and be comfortable communicating with a wide range of clients and colleagues
• Desire to join a dynamic, entrepreneurial team in a growing organisation