About the Role
We are working with a leading London Market insurance broker looking to appoint an experienced Account Handler to join its highly regarded North America Special Risks team.
This is an excellent opportunity to join one of the strongest and most established Binder teams in the London insurance market, working across third-party Binding Authorities with a particular focus on US Property/Transportation & Financial Lines business.
The successful candidate will be responsible for the preparation, acceptance and validation of Binding Authorities, alongside the ongoing management of premium and exposure information. You will work closely with placing Brokers, insurers and Coverholders and will also have responsibility for supporting the binding and issuance of individual policies under the team’s Coverholder authority.
Key Responsibilities
Draft, review and check Binding Authority Agreements (BAAs) and endorsements
Manage the acceptance and validation of BAAs between Coverholders and insurers
Ensure accurate system set-up and maintain relevant Binding Authority information
Manage Coverholder compliance, ensuring information held within DCOM remains accurate and up to date
Undertake profit commission calculations and ensure documentation meets insurer requirements and internal procedures
Support Brokers with the binding and issuance of individual insurance policies, ensuring documentation is accurate and issued within required service standards
Liaise regularly with Brokers, insurers, Coverholders and Agents, developing effective working relationships across the market
Prepare and monitor monthly Risk Level Data, Aggregates and Statistics, identifying significant changes and escalating these to Brokers where required
Work with Coverholders to improve and streamline reporting and premium payment processes
Experience & Skills
Good knowledge of Delegated Authority / Binding Authority business
Experience or knowledge of US Property insurance
A strong understanding of the Lloyd’s and company markets
Knowledge of Coverholder requirements and DCOM
Strong attention to detail with the ability to manage technical documentation accurately
Good relationship-building and communication skills, with the confidence to interact with Brokers, insurers and Coverholders
Intermediate Excel skills, ideally including PivotTables and Power Query, with the ability to work confidently with large datasets and Risk Level Data/Aggregates
An understanding of relevant US regulatory requirements
The Opportunity
This is an excellent opportunity for someone already working within Binders, Delegated Authority or North American Property who wants to further develop their technical experience within a highly regarded London Market team.
The position offers significant exposure to Binding Authorities, Coverholders, US Property, Risk Level Data and the Lloyd’s market, while working alongside experienced professionals in a team with an excellent reputation.
Key Skills & Experience
Binding Authorities, US Business