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Casualty Broker

Company: Marsh & McLennan Companies
Location: Hamilton
Posted on: May 14, 2022

Job Description:

Description: What can you expect? The Broker is responsible for the independent daily servicing of a portfolio of Fortune 1000 or similar clients and assisting senior Brokers with complex client assignments as required. The Broker provides service & advice associated with placements made or delivered to clients and is involved in negotiations with insurance & risk markets to obtain best terms, conditions, coverage and pricing for a client per risk practice guidelines. What is in it for you? Being part of the Marsh McLennan businesses; a premier global brand with strong financial results. Competitive salary with full comprehensive benefits programs including: health insurance, life insurance, STD/LTD, generous pension contributions, employee assistance program, generous paid time off for vacation, sick, company holidays and time to give back to your community via volunteer opportunities and other programs. Working with the most innovative and respected insurance colleagues in the industry. We will count on you to assist/manage: Placements of casualty related insurance programs into the Bermuda market for Fortune 1000 or similar clients Senior Brokers and/or Placement Leader with complex client assignments Identification, assessment, attainment and negotiation of insurance coverage in the Bermuda market Utilization of client industry & related risks knowledge to analyze client risks and exposures and development of placement strategies for clients' needs Preparation of coverage specifications, risk information submissions to carriers, receipts of quotes, analysis delivery of such to clients and client team members and binding instructions to carriers based upon client direction High degree of personal responsibility and accountability for the accuracy and ongoing maintenance of client programs bound as outlined within Marsh compliance and transparency standards Development of working relations with carriers and/or underwriters Ongoing knowledge of International markets and the risk appetite of carriers Keeping abreast of changing risk and insurance market conditions Public speaking/presentations and face-to-face negotiations Performs other job-related duties as required What you need to have: Recent insurance broking experience in Bermuda or the international insurance market 2-5 years of recent and relevant insurance experience Proficiency with Microsoft Office - Word, Excel, PowerPoint, Outlook Understanding of basic negotiating techniques & ability to apply these in discussions with insurers and clients Awareness of current market conditions Proven experience to independently handle complex client assignments operating with a high degree of personal responsibility and accountability High level of technical expertise in the various Casualty policy forms Strong organizational skills and ability to prioritize workload and manage such during busy periods Willingness and ability to work beyond normal office hours to meet tight deadlines Superior technical, financial and interpersonal skills, specifically regards written and verbal communication and presentation What makes you stand out? Bachelor's degree (or relevant industry experience in lieu) Relevant industry qualifications High sense of personal accountability Self-motivated and fully capable of working on their own initiative Knowledge of competitors & Marsh's competitive advantages Marsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US $17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK. Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law. #LI-JG3

Keywords: Marsh & McLennan Companies, Hamilton , Casualty Broker, Sales , Hamilton, Ohio

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