Guy Carpenter helps its clients achieve profitable growth with a powerful combination of specialized reinsurance broking expertise, strategic advisory services and industry-leading analytics. Guy Carpenter is a part of the MarshMcLennan Companies. Guy Carpenter Bermuda Ltd. is seeking applicants for the position of Senior Reinsurance Broker based in Bermuda.
Senior Reinsurance Broker
What can you expect?
The Senior Reinsurance Broker develops and presents innovative approaches to complex client needs, produces, negotiates, places and manages the daily servicing of reinsurance treaties utilizing markets from the US, London, Bermuda and around the world. This is a senior client facing role in a team environment that involves servicing existing accounts, as well as new business production and new product development.
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, 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:
Manages overall interaction with client in medium to large client transactions. Negotiates and places reinsurance treaties in the Bermuda market utilizing markets from the US, London, Bermuda and around the world.
Utilizes knowledge of client industry to analyze risk reports and develop innovative approaches to difficult client needs and articulate the value to clients.
Contributes to the firm’s body of knowledge through active internal communication to enable colleagues to better serve clients.
Works to solidify strong relationships with (re)insurers, clients, colleagues and utilises specialists in other areas of the firm to deliver highly complex, best-in-class solutions to clients. Coordinates internal resources, such as analytics, contracts and client services to provide solutions to client(s).
Demonstrates a near complete understanding of coverage lines, markets and other more specialized products and keeps abreast of changing risk and insurance market conditions to better serve clients.
Produces new clients, designs programmes for them and establishes relationships through meetings and exhibiting professional skills in order to generate revenue. Designs new programs for clients’ needs, placing business with client-approved reinsurers
May participate in the revenue/budget process with the management team.
Oversees responses to client queries and concerns, ensuring issues are resolved completely and promptly.
May review and clarify contract documents and bond forms, as well as banking terms and conditions.
May review and guide the Client on the terms and conditions of General Agreement of Indemnity required to be executed by clients to support all surety transactions.
What you need to have:
University graduate degree in a work related subject, such as Business Studies, Finance, Economics or Insurance Law is preferred
A minimum of 15 years’ experience required in placing property-casualty Treaty Reinsurance programs as a broker
Expertise in placing the following products: Cat and Risk on D&F, ILW, Healthcare, Terror
What makes you stand out?
In-depth knowledge of the global reinsurance market including coverage, placement structures, markets and rating structures of insurance and reinsurance companies
Strong working knowledge and relationships within the Bermuda market-place
Analysis of financial reports and statements
Ability to analyze actuarial models and output
Familiarity with Cat Vendor models
Superb negotiating and sales skills
Working knowledge and experience with Lloyd’s and other Company Markets including London, US and Europe would be essential
Prior exposure to placing reinsurance for Captives, Alternative Risk Transfer solutions and experience with ILW’s is preferred
A demonstrable level of expertise with MS Excel, MS Word and MS PowerPoint
Ability and willingness to work well beyond the normal scheduled hours, including weekends and Bank holidays and also travel abroad regularly
Applicants may only apply via our website, www.marsh.com/us/careers.html.
CLOSING DATE: February 10, 2025
Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.
Marsh McLennan is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.