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Lockton Specialty 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.
Lockton - Crisis Management
A crisis event has always carried a high level of severity, whether that be financial, mortal, operational or reputational. Recent global dynamics have seen a significant uptick in frequency of crisis events which has made organisations around the world take note of their own crisis management plans.
In light of all these factors, it’s clear that traditional insurance solutions do not provide the broad and responsive cover that businesses require.
The Lockton Crisis Management function comprises a team of market-leading insurance experts across Terrorism/Political Violence, Active Assailant, Product Recall, Reputational Risk and Special Crime (Kidnap and Ransom).
The current global political, social and economic upheaval creates a unique security risk environment for our clients. The Special Crime team at Lockton works to support our clients with bespoke risk transfer and mitigation solutions across the spectrum of people-related security risks. We work directly with clients and in a wholesale capacity to provide special crime, emergency evacuation and crisis management response solutions. Sitting within Lockton’s Crisis Management function, we work closely with other teams to assess clients’ risks from a holistic perspective.
Broker Role – What is involved?
As a Broker in the Special Crime team, you will join our successful team 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 opportunities for cross-selling across all Specialty lines and the wider business lines we operate in. There will also be opportunities 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.
What are the typical responsibilities as a Broker?
* Building strong partnerships with new and existing clients, underwriters, and market contacts
* Gathering detailed understanding of the client’s risk profile, business needs, and exposures to assist in providing advice on coverage, program pricing, and retention strategy
* Analyzing underwriting information to prepare market submissions
* Assisting in preparing and issuing coverage documentation, including wording negotiation
* Working 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
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