Junior Broker (Space Insurance)
Job Description
Job title: Junior Broker (Space Insurance)
Company: Marsh McLennan
Job description: Company: Marsh
Description:
Space Insurance – Marsh – London
With offices in more than 130 countries, Marsh is the world’s leading insurance broker and risk advisor. We provide industry-focused brokerage, consulting, and claims advocacy services, leveraging data, technology, and analytics to help reduce our clients’ total cost of risk.
The role: Junior Broker (Space Insurance)
Marsh Space Projects, part of Marsh Aviation & Aerospace is seeking a space insurance broker in the London office.
Space insurance is a highly specialised market within the insurance industry. Satellites and Launch Vehicles are insured for high values and policies are tailored to the individual risk profiles of the satellites and launch vehicles, in addition to the business requirements of the clients.
The Space Insurance broking team of Marsh handle a variety of insurance products related to satellites and launch vehicles, including:
- Pre-launch insurance
- Third Party Liability Insurance
- Launch insurance
- In-Orbit insurance
We have a fantastic opportunity for a Junior Broker to join Marsh Space Projects on a permanent basis in our London office.
This role would suit either an experienced insurance professional looking for a fresh opportunity, or perhaps someone with a genuine interest in Space, or a recent graduate within a specialism such as Mechanical Engineering, Physics or Law.
What can you expect:
- The successful candidate will join a team with a combination of specialty market broking experience, excellent interpersonal skills, ability to handle technical and complex risks and good commercial awareness.
- The successful candidates should have an eye for detail, meticulous approach and be able to contribute a tenacious approach to Insurer negotiations.
- They will receive on the job training and support to study and pass their ACII qualifications.
What you will be rewarded with:
- We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis.
- Competitive Benefits Package including: 27 days annual leave, up to 4 days flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
- Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.
We will rely on you to:
- To work with Space team colleagues, both in our London office and in our other Marsh Space offices to develop placement strategies and engagement with clients.
- To negotiate with Space Insurers to achieve optimal placement result.
- Assist with the preparation of presentations to clients and manage the subsequent flow of underwriting information between client and insurers.
- To contribute to discussions of insurance coverage designs for launch or in-orbit placements, to achieve the most suitable product for the client.
- Assist in the preparation of new business tender reports where required.
- To handle correspondence with Insurers and maintain a placement file and placement spreadsheet for accounts worked on.
- Production of ad-hoc information in response to specific client and colleague requests.
What you need to have:
- Previous experience of working in the Aviation, Aerospace or space markets would be an advantage.
- Attention to detail and evidence of being able to work with technically complex risks.
- Competent use of Microsoft Excel, Word and PowerPoint
- Excellent communication skills in terms of both written (report and presentation writing) and verbal (one to one and presenting to a group) skills.
- Any foreign language skills would be an advantage but not essential.
What makes you stand out:
- Space / Commercial Insurance experience
- A legal, technical, or engineering background may be useful but not essential.
- Previous experience of working in the Aviation, Aerospace or space markets would be an advantage.
Marsh is the world’s leading insurance broker and risk adviser. With more than 45,000 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 of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, 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. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at TAUK@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local based teams will identify at least one “anchor day” per week on which their full team will be together in person. office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
Expected salary:
Location: United Kingdom
