Lockton Global Energy

Lockton Global Energy is a cohesive and collaborative global team of handpicked energy specialists. Harnessing deep expertise, we act as a trusted partner to our clients, securing cost effective, bespoke insurance and risk solutions. As an independent broker, we’re not led by profit margins and shareholder demands, allowing us to always put our client’s interests first.

Founded in 2014, Lockton Global Energy is a specialty business focused on the Oil, Gas, Power and Renewables businesses. It has grown significantly over the past 10 years to include over 300 energy specialists across 35 countries, with over USD1.1bn of premium placed across our Energy divisions.

Lockton Power

Lockton’s specialist power generation team provides insurance solutions for a range of operational risks that owners of power plants regularly face. This capital-intensive sector faces increasing pressure from evolving electricity market demand patterns and, as a result, firms require insurance solutions that can evolve alongside them.

The rise of renewables and the erosion of traditional base load markets have brought new participants into the power generation space. These require reliable insurance risk transfer solutions that respond to the needs of both equity investors and finance parties. With close market proximity and depth of experience, Lockton is uniquely placed to offer unparalleled risk advice and cost-effective, reliable cover that responds the moment clients’ need it.

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 to support their ongoing insurance needs and renewal process. This will include supporting strategy meetings with clients and our expert Brokers, preparing market submissions, analysing renewal information, looking for opportunities to provide enhance or additional services and tracking client policies through the renewal process.

As a Global company there will be plenty of opportunity for cross class exposure across all Energy specialisms 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
• Proactively track client renewal periods, premium payments and any losses
• Analyse renewal information to prepare market submissions
• Provide client feedback to contribute to client review meetings and renewal strategy
• Prepare policy documentation including working with our Energy wordings expert for any bespoke clause wording
• Support the claims team on any major losses

What skills and experience would we like you to have?

• As an Account Executive in the Power team it would be desirable for you to have experience of working on Energy business from a Broking, Underwriting or wider Insurance background
• Previous experience of working on or an interest in learning Renewable business is desirable
• 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?

The Global Energy practice are a team of Energy specialists who take a holistic approach to client work. Since our inception in 2014 we have grown from an Oil and Gas focused team to now including the full energy spectrum including Power, Renewables and Construction.  Each Associate in the Global Energy practice will have a rounded exposure to all elements of the energy business, whilst developing a specialism in a chosen field. 

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 Energy practice to allow you the opportunity to learn cross class business.

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 it’s 10,750+ Associates doing business in over 140 countries to focus solely on clients’ 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.

For the last nine consecutive years, Business Insurance magazine has recognised Lockton as a ‘Best Place to Work in Insurance’ – an achievement we are immensely proud of!