Placement Specialist
Marsh LLC
Manchester, United Kingdom
6d ago

The Department

Our Financial & Professional Liability (FINPRO) Practice is dedicated to helping Clients anticipate, model, and manage threats to their business.

We enlist expertise from our other Marsh & McLennan Companies businesses to craft holistic solutions tailored to clients organisation's needs.

Our professional liability team is a market leader for the creation and placement of professional indemnity and cyber risks.

We are dedicated to advisory, placement, and claims advocacy, working to deliver the best possible solutions for Clients.

The team is split into sub-groups which focus on providing specialist solutions to specific client segments.

Position Overview

The successful candidate will be required to work closely with Marsh colleagues on the implementation of professional indemnity and cyber placement strategy for clients around our global network.

You will build and maintain strong relationships and develop strategic partnerships with key insurance carriers within the region.

Negotiate with insurers to achieve the best terms whilst delivering a first class service for clients. You will also act as the reference point for advice and technical expertise to the internal client servicing teams.

Key Responsibilities

  • Manage a portfolio of Professional Indemnity and Cyber risks, predominantly involving large, complex and / or multinational clients.
  • Devise innovative solutions that address complex client needs.
  • Identify, and agree strategies for, clients’ risk management, risk financing and insurance needs and objectives.
  • Lead and / or participate in new business initiatives & defensive tenders
  • Negotiate fees with clients and / or internal stakeholders and produce internal budget proposals.
  • Attend client and insurer meetings in conjunction with specialist broker and client service teams, which will include travel to locations across the UK.
  • Strive to deliver best practice, market-leading service and solutions for all clients.
  • Develop strong working relations with carriers and or underwriters to create innovative approaches to unique client needs and provide cohesive client service.
  • Audits and finalises commission structure with underwriter in accordance with client direction and agreement.
  • Achieves a thorough understanding of changing insurance and risk market conditions and informs client teams, clients and carriers of major developments affecting various types of coverage.
  • Applies advanced knowledge to the firm’s product lines by active participation in internal networks.
  • Skills and Experience

    To be successful in this role you will have / be :

  • Strong experience in Professional Indemnity focussing on Media, Tech and Cyber, either from a Broking or Underwriting background (essential)
  • Strong understanding of Cyber Risks and current market conditions
  • Able to work autonomously and manage your own diary accordingly
  • Excellent communication and interpersonal skills
  • Negotiating and influencing skills
  • Analytical and problem solving skills
  • ACII part / fully qualified (or equivalent)
  • Company Overview

    As a global leader in insurance broking and risk management, Marsh helps our clients succeed by defining, designing, and delivering innovative, industry-

    specific solutions that help them effectively manage risk. We have 27,000 employees worldwide, operations in more than 130 countries, and annual revenue of approximately USD5.

    4 billion, along with comprehensive global expertise that spans 26 industry practices and more than 30 risk and specialty practices.

    Marsh offers competitive salaries and comprehensive benefits and programs including : health and welfare, tuition assistance, pension, employee assistance program, career mobility, employee network groups, volunteer opportunities, and other programs.

    We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients.

    Client & Customer Services

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