Senior Property Broker

A fantastic opportunity has arisen for an experienced Senior Property Broker to join Lockton's successful and growing Bermuda team.

Why Lockton

Since its foundation in 1966 Lockton has grown to become the world’s largest privately held independent by helping clients achieve their business objectives. Today with more than 8000 Associates in over 100 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 the ‘Best Place to Work in Insurance’.

We attract the best professionals to come and work with us who are excited by our unique culture that values respect, ethical, moral and caring approach, in fact our Associates are our greatest asset.

Key Tasks & Duties:

• Manages market relationships at both an operational and strategic level.
• Understands Property clients risk profile, business needs and exposures to provide advice on coverage, programme pricing and retention strategy.
• Prepares and issues appropriate coverage documentation, including wordings and placement slips within agreed contract certainty deadlines.
• Identifies and manages the use of other Lockton resources/specialist teams.
• Assists with the resolution of service issues with insurers and other third-party providers.
• Attends Client Strategy Meetings where required.
• Undertakes technical reviews (where identified) of insurance programmes for clients, making recommendations for change, where deemed relevant.
• Undertakes appropriate benchmarking for clients on their programme limits, coverage and deductibles as required.
• Maintains a current knowledge of cover written by the major insurers and communicate to appropriate Associates.
• Keeps abreast of insurance market developments and communicate to those Associates as deemed appropriate.
• Constantly monitors the market in order to consider the most appropriate placement strategy for Lockton.
• Provides support in drafting reports/presentations/bulletins for use both internally and externally.

Minimum Qualifications, Skills and Experience:

• Professional and tactful negotiation and persuasion skills to achieve objectives.
• Ability to compile, analyse and interpret financial information and data to facilitate decision making.
• Ability to identify opportunities for business development.
• A comprehensive understanding of the general, legal principles of insurance as well as insurer products and specialisms.
• An understanding of regulatory controls and procedures relating to commercial property business
• Ability to interpret Property claims experiences, the impact of deductibles and cover variations and prepare broking documents to reflect this.
• Deep knowledge and practical experience of trading in key international Property insurance markets, including London / Lloyd’s insurance market
• A minimum of 10 years' commercial property broking experience
• Professional Insurance qualification (i.e. CII) with at least 3 years post qualification experience in Broking.
• Excellent written and verbal communication skills.
• Results driven, highly analytical and great attention to detail.
• Experience with Broking IT platforms desired.

Officership Behaviours:

• Provide excellence in service to our clients, our Markets, & our associates
• Maintains and develops market & product knowledge.
• Develops innovative and practical solutions for clients.
• Maintains client and market relationships to enable resolution of issues and completion of client project.
• Has strong presentation skill, adjusting communication style to suit the audience.

Provide commitment to the development of ourselves and our associates

• Acts as a role model, leading by example.
• Is approachable and shares expertise with other associates.