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The Reinsurance team in group operations are re-introducing the processing of Treaty re-insurance and are looking for an experienced Broker Support individual to support this.
The Reinsurance team are recognised reinsurance experts and market leaders in the fast growing Industry Loss Warranty (ILW) and Insurance Linked Securities (ILS) markets where we work with some of the largest global players in this sector. This particular team are re-introducing the processing of Treaty re-insurance and are looking for individuals experienced in this field to help support this.
The Opportunity
This is a fantastic opportunity for someone to join as broker support, in a very niche team. They are punching above their weight in the market; with 10% market share in ILW space. This particular team are re-introducing the processing of Treaty re-insurance, including but not limited to understanding the treaty time limits and excess of loss.
Responsibilities
* Understand the clients’ business and risk management needs and support the delivery of those needs through the provision of ongoing service
* Initiate and keep track of impending renewals, gathering renewal information in good time to enable terms to be obtained and firm orders placed
* Liaise with Account Executives / Client facing teams to ensure all relevant information is gathered in the preparation of market documentation (Renewals, Endorsements etc) and that it matches the client/markets requirements
* Develop and produce bespoke wordings for clients as well as developing other wording products as required
* Ensure agreed wording changes are incorporated within contracts as required
* Support the creation of presentations for both new and existing clients
* Prepare accurate and timely production of client documentation (Market Reform Contracts, Evidence of Cover, Policies, slips, wordings clauses etc) in accordance with client and market needs.
Qualifications
3+ Years Experience in a similar field
Knowledge
Knowledge of Lloyd's & London insurance markets / reinsurance markets and reinsurers
Knowledge of account handling and broking process
Knowledge of Treaty Re-insurance (Desired)
Experience
Experience in a technical insurance role, such as account handling, broking or underwriting, is essential
Experience in producing MRCs and/or broking is essential
Knowledge of Treaty Insurance (essential)
On top of a competitive salary we offer a fantastic benefits package including:
* 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
* Private Medical Insurance
* Minimum of 25 days annual leave (with flexibility to buy more)
* Life Assurance
* Income Protection
* Critical Illness cover
* Enhanced Maternity, Paternity Adoption and Shared Parental Leave
**Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all. *
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