Binding Authority Broker

An exciting opportunity for a Binding Authority specialist to join an established and independent Lloyd's broker.

The focus is on delivering innovative solutions and maintaining enduring relationships with clients and partners.

Role Overview …

We are in search of an Experienced Binding Authority Broker / Account Executive who possesses an in-depth understanding of the UK insurance market, particularly within the Binding Authority space. The ideal candidate will have strong connections within the UK broker community and a track record of fostering growth and managing complex insurance portfolios.

Key Responsibilities …

• Utilize existing broker networks to expand business and develop new opportunities.
• Cultivate and manage existing client relationships, ensuring exceptional service and satisfaction.
• Identify and capitalize on new business prospects.
• Negotiate and manage Binding Authority agreements.
• Maintain compliance with Lloyd's of London standards and regulatory frameworks.
• Assess the performance and profitability of Binding Authority contracts.
• Execute detailed risk evaluations for insurance proposals.
• Oversee a diverse portfolio of Binding Authority contracts.
• Offer expert advice on risk management and optimal coverage strategies.
• Collaborate with underwriters, actuaries, and other insurance professionals.
• Influence strategic planning and direction of the brokerage operations.
• Guide and support the professional development of junior brokers and team members.

What you need to bring …

• Extensive experience as a Binding Authority Broker / Account Executive, with a focus on the Lloyd's market.
• Robust network within the UK insurance broker community.
• Deep understanding of insurance products, market dynamics, and regulatory landscape.
• Exceptional negotiation, communication, and relationship management skills.

What is on offer …

• A permanent, full-time contract
• Base Salary to £100,000 + benefits
• City of London & Home working flexibility
• Become a key member within a successful and dynamic business environment
• Collaborate and exchange ideas with motivated professionals
• Work in a space where your ideas will be valued

REF: 9561

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

MW Appointments is acting as an Employment Agency in relation to this vacancy.