Managing Director, Surety Broking

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 part of the Marsh McLennan Companies. This is a hybrid role that requires working at least three days a week in the office.

What can you expect?

The Managing Director, Surety Broking 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.

We will count on you to:

• Manage overall interaction with client in medium to large client transactions. Negotiate and place reinsurance treaties in the market utilizing markets from the US, London Bermuda and around the world to deliver highly complex, best-in-class solutions to clients.
• Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s).
• Produce new clients, designs programmes for them and establishes relationships through meetings and exhibiting professional skills in order to generate revenue. Design new programs for clients’ needs, placing business with client-approved reinsurers
• May participate in the revenue/budget process with the management team and may review and clarify contract documents and bond forms, as well as banking terms and conditions.
• Maintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc.), with the help of market information, legal and other teams as necessary.
  
  

What you need to have:

• 15 years’ experience required in placing Surety Reinsurance programs as a broker.
• In-depth knowledge of the global reinsurance market including coverage, placement structures, markets and rating structures of insurance and reinsurance companies
• Working knowledge and experience with Lloyd’s and other Company Markets including London, US and Europe would be essential
• Strong knowledge of Insurance/Reinsurance Law, Compliance and regulatory requirements throughout the world
• Strong working knowledge and relationships within the Bermuda marketplace
• Analysis of financial reports and statements and the ability to analyze actuarial models and output
• Familiarity with Cat Vendor models
• Superb negotiating and sales skills
  
  

What makes you stand out?

• Bachelor’s degree and an insurance certification (ACII, CPCU, Are, or equivalent) is preferred
• High sense of personal accountability
  
  

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
  
  

At Guy Carpenter, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.

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 $24 billion and more than 90,000 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 embracing 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, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@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 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.

The applicable base salary range for this role is $250,000 to $375,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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