Posting Description:
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Aon Reinsurance Solutions (UK) – MGA Broker
We’re hiring!
Aon is currently recruiting for an MGA broker to join the MGA Segment team in London. This role will work with the senior brokers/Account Executives, driving broking and growth strategy, junior brokers, responsible for providing broking execution and services to our clients at a tactical level, and account managers.
They will co-ordinate and contribute to the marketing and / or negotiation of delegated authorities and associated MGA transactions, within both the Lloyd’s and Company Market in accordance with market strategy.
This role comes to the market at an exciting time, as the team continue to achieve and set substantial targets. Further, Aon Reinsurance UK have an increased focus on the MGA segment.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organisation, we are united through trust as one inclusive team, and we are passionate about helping our colleagues and clients succeed.
About the Role
As a broker, some of your key responsibilities will involve:
- working on Delegated Underwriting Authority (DUA) placements, including traditional Binding Authorities and Alternative Distribution Transactions;
- Priority focus on Casualty binding authorities, to continue growth with this product;
- providing assistance to MGA clients and Aon colleagues on DUA placement development, available coverage and capacity, likely pricing, actuarial, potential coverage improvements and market progress;
- engaging with Aon Analytics to deliver analysis required to develop market presentations and broking strategy;
- understanding and applying the full range of Aon United capabilities for the benefit of MGA/ DUA and insurance clients;
- provide crucial support to help deliver MGA Team revenues;
- be forward thinking to help the team provide consistent results to clients;
- providing specialist advice to clients and colleagues;
- being a great teammate – ability to collaborate across the MGA and product segments of Aon Reinsurance Solutions UK and offer mentorship;
- building strategic relationships and help deliver long term strategy for clients;
- being responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.
About you
As a broker your skills and qualifications will ideally include:
Essential:
- Strong technical understanding of Casualty products
- evidence of operating as a team player
- solid understanding and experience of the mechanics of delegated underwriting;
- willingness to learn and innovate;
- the ability to build relationships across Aon, markets and clients;
- experience of client engagement;
- strong communication skills;
- minimum of 5 years broking/underwriting experience;
- good competence with MS applications (Excel, Word, Outlook, Powerpoint).
Desirable:
- market experience of designing and negotiating Delegated Underwriting Authority (DUA) placement;
- professional qualifications (DipCII/ACII);
- knowledge of, and positive relationships with, relevant DUA stakeholders;
- think strategically within framework of the MGA Segment team and Aon Reinsurance UK.
- Good understanding of analytics and the ability to interpret data.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
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