Lockton Specialty

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 – Entertainment Practice

The events industry can generate huge amounts of revenue and involve vast capital investments, all while being enjoyed by large numbers of people. With a unique set of logistical risks, a high degree of unpredictability and numerous external factors – our clients look for a partner who expertly understands this risk profile and can safeguard them against financial losses, reputational damage and unexpected challenges.

Within Lockton Specialty, the Lockton Entertainment Practice provide access to a specialist team who are at the forefront of market-leading contingency insurance and risk management solutions. For clients in sports, music, entertainment and corporate events, we act as the dedicated contingency risk partner to help offer a bespoke Contingency Insurance program that anticipates, protects and manages client risks and circumstances that could derail their event.

Our Contingency cover spans across event cancellation; conference and exhibition cancellation; non-appearance; weather risks; prize indemnity; contractual bonus; death, disablement and disgrace; and booking refund cover.

Lockton are delighted to be growing our successful Entertainment Practice and would be really interested in talking with you if you have previous experience of working in a client and/or market facing role within entertainment, sports, contingency or event insurance.

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, supporting their ongoing insurance needs and renewal process. This will include strategy meetings with clients and our expert Brokers, preparing market submissions, analysing renewal information, looking for opportunities to provide enhanced or additional services and tracking client policies through the renewal process.  In addition, coordinating RFP’s and engaging with the wider team to drive new business initiatives across the business.

As a Global company there will be plenty of opportunity for cross class exposure across all Specialty lines 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
• Coordinating client review meetings and renewal strategy
• Analyse renewal information to prepare market submissions
• Proactively track client renewal periods, premium payments and any losses
• Working with the broader team to coordinate RFP/new business activity
• Prepare policy documentation, including working with our wordings experts
• Support the claims team on any major losses

What skills and experience would we like you to have?

• As an Account Executive in the Entertainment Practice it would be desirable for you to have experience of working on entertainment, sport, contingency or event insurance from a Broking, Underwriting or wider Insurance background
• 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

What can we offer you?

Since its foundation in 1966 Lockton has grown to become one of the world’s largest privately held independent Insurance companies by helping clients achieve their business objectives. Today with more than 10,750 Associates in over 125 offices worldwide, Lockton’s dynamic and innovative organisation truly embraces its uncommonly independent status.

For nine consecutive years, Business Insurance magazine has recognised Lockton as a ‘Best Place to Work in Insurance’ and we now have a new opportunity for to join our growing Specialty division in the city.

Cultural team fit is one of the most important elements for us. We have worked hard to build a harmonious team of talented individuals who have the skills and training to be able to operate in a collaborative, supported and inclusive environment across the whole of the Specialty division to allow you the opportunity to learn and grow your career with Lockton.

About Lockton

Lockton is the world’s largest independent insurance broker.

What makes Lockton stand apart is also what makes us better; independence.

Lockton’s private ownership empowers our 10,750+ Associates doing business in over 140 countries to focus solely on client risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.

Our 97% client retention rate speaks for itself.