Senior Placing Broker
Location: Birmingham
Reporting to: CEO
Salary: £30,000-£45,000
The Company
Exance Services Limited is a specialist Managing General Agent (MGA) focused on construction and property insurance. We partner with brokers and intermediaries to deliver expert underwriting and tailored insurance products through delegated authorities. Our model combines deep sector expertise with strong distribution and capital relationships to support sustainable growth.
The Role
As a Senior Placing Broker, you will take a lead role in structuring and executing placement strategies across Exance’s insurance portfolio. You will be responsible for building and managing relationships with capacity providers, supporting delegated authority arrangements, and ensuring optimal placement of risk in line with underwriting strategy.
This is a highly commercial, relationship-driven role requiring deep market knowledge and the ability to operate across underwriting, broking, and capacity providers.
Key Responsibilities
* Lead the placement of construction and property risks with insurers and capacity providers
* Structure and negotiate binding authority and delegated authority agreements insuring success
* Develop and maintain strong relationships with Insurers, Reinsurers, Lloyd’s syndicates and alternative capacity providers
* Act as a key interface between underwriting, brokers, and capacity partners
* Optimise panel selection and capacity deployment to support profitable growth
* Negotiate terms, pricing, and coverage to align with underwriting appetite
* Support the development of new products and schemes alongside underwriting teams
* Monitor market conditions and provide strategic insight on capacity trends and pricing
* Ensure all placements comply with Financial Conduct Authority requirements and internal governance standards
Skills & Experience
* 5–10+ years’ experience in:
* Insurance broking (wholesale or retail)
* MGA / delegated authority environments
* Specialty lines (construction / property preferred)
* Strong relationships with UK and/or Lloyd’s market participants
* Proven track record of placing complex or large risks
* Deep understanding of:
* Delegated authorities
* Binding authorities
* Capacity structures
* Strong negotiation and stakeholder management skills
* Commercially driven with a strategic mindset
Qualifications
* Relevant industry qualifications (e.g. ACII or progress toward) preferred
* Strong understanding of UK regulatory framework under the Financial Conduct Authority
What we offer
* Competitive salary with performance-linked bonus
* Senior, high-impact role in a growing specialist MGA
* Direct exposure to capacity strategy and market relationships
* Opportunity to shape placement strategy and product development
* Entrepreneurial and collaborative working environment
Benefits:
•Competitive salaries with annual salary benchmarking
•24 holidays, plus UK bank holidays, plus 3 days in December festive period, plus 1 day for your Birthday
•Additional leave if required
•Four ‘Short Notice’/Dependency days (as part of Annual Leave allowance)
•Comprehensive company Induction and onboarding training
•Ongoing training – Learning Management System
•Staff learning agreement for financial assistance to study
•Career development and opportunities
•Company Pension
•Private medical health cover
•Group life insurance cover
•Income Protection
•Employee Assistance Programme
•Flexible schedule (if requested to fit around childcare)
•Company events
•Recognition scheme – Employee of the month
•Referral programme – recruitment
•Employee Welfare Loan