Associate Broker
London, United Kingdom
004142
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.
Schedule
Full Time Permanent
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
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.
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 Casualty risk knowledge, we take a fully consultative and holistic approach to the exposures our clients face.
Our Casualty team specialise in a diverse range of industry groups, technical wording specialists and integrated claims support, so we can offer the most compelling casualty insurance solutions, regardless of the industry, product line 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.
About the Role
As an Associate Broker, you will assist with managing the placement and servicing of insurance business, building strong relationships with clients, insurers and global partners to deliver effective insurance solutions. You will support portfolio growth and retention through expert broking, negotiation, client advice and the delivery of high-quality service in line with regulatory and compliance requirements.
Key Responsibilities
- Supports placement and servicing activities for straightforward to moderately complex risks under supervision.
- Develops an understanding of client businesses, risk exposures and insurance requirements.
- Reviewing client submissions and ability to undertake research to identify any changes in the client’s operations, risk profile including losses, financial position, or recent media and industry developments.
- Builds relationships with underwriters and supports market negotiations.
- Assists with placement strategy discussions and market submissions.
- Assists with client meetings, renewals and servicing activities.
- Supports documentation and placement administration.
- Develops knowledge of insurance products, markets and placement processes.
- Supports placement recommendations through market research and analysis.
- Supports client planning and strategy discussions, contributing relevant market and placement insights.
- Maintains effective relationships with clients, insurers and internal stakeholders.
- Shares knowledge and supports team activities, contributing to positive client and business outcomes.
- Maintains accurate client, policy and Salesforce records and ensures documentation is completed to required standards.
Qualifications
Key Skills
- Ability to develop effective relationships with clients, insurers and colleagues.
- Demonstrates strong communication skills and adapts communication style to different audiences.
- Has a strong willingness to learn and develop technical insurance knowledge.
- Understands the fundamentals of the broking process and relevant classes of business.
- Works collaboratively with colleagues and supports team objectives.
- Contributes positively to team objectives, shares knowledge and supports colleagues when required.
- Manages workload effectively, demonstrates strong organisational skills and pays close attention to detail. Delivers work accurately and on time.
- Demonstrates an understanding of policy placement and renewal processes through the use of Brokasure/PPL/Artificial
- Develops an understanding of insurance products, policy structures and placement processes.
- Progresses professional qualifications and technical learning.
- Develops knowledge of insurer appetite, market practices and placement methodologies.
- Develops understanding of client risks, coverage options and insurance solutions.
- Maintains awareness of regulatory, compliance and governance requirements relevant to broking activities.
- Competently uses market systems, internal platforms and reporting tools.
- Builds confidence in discussing technical insurance concepts and market developments.
Ideal Candidate must be able to demonstrate:
- Relevant Experience: Previous insurance experience with a solid foundation of principles and processes; preferred Casualty background with a focus on US, International or Retail.
- Excel: Strong capability in analysing complex datasets, identifying trends, and presenting findings through clear summaries, tables, and reports.
- Research and Analytical Skills: Proficient in conducting in-depth research using a variety of sources to gain insights into client operations, industry trends, and risk exposures.
- Organisation and Attention to Detail: Highly organised with the ability to manage multiple priorities while maintaining accuracy and consistency.
- Adaptability: Able to quickly switch between tasks and adjust priorities in a fast-paced environment without compromising quality.
- Critical Thinking: Skilled at applying logic and judgement to evaluate information, identify discrepancies, and support informed decision-making.
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 13,100+ Associates doing business in over 155 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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