Associate Placement Specialist
Reinsurance Broker - Financial Lines
Marsh is seeking candidates in the Financial Lines insurance industry to join our Facultative Reinsurance Team in Milan.
As a Reinsurance Broker, you will play a crucial role in facilitating reinsurance transactions between insurance companies and reinsurers. Your expertise in the Financial Lines sector will be essential in analyzing risks, negotiating terms, and securing optimal reinsurance coverage for our clients. This is an exciting opportunity to work in a dynamic and fast-paced environment, collaborating with industry professionals to provide innovative reinsurance solutions.
What is in it for you?
A company with a strong brand and strong results to match;
Opportunity to make the difference and be part of the world’s largest insurance broker & Risk Advisor;
Attractive benefits coverage, outstanding learning programmes, mentoring opportunities and interaction with counterparts in industry groups and client organizations.
We will count on you to:
Identify and target business opportunity within the FINPRO LoB marketspace;
Structure and place reinsurance protections related to FINPRO lines of business, negotiating terms at international level;
Contribute to build reinsurance/insurance solutions to meet Client needs;
Assess and analyze risks associated with Financial Lines insurance policies, including professional liability, directors and officers liability, and cyber liability.
Conduct comprehensive analysis of the Financial Lines reinsurance market, including evaluating capacity, pricing, and underwriting guidelines in order to approach the international market properly;
Identify potential reinsurers and negotiate terms and conditions to secure optimal reinsurance coverage for clients;
Prepare and present submissions to reinsurers, highlighting the unique aspects of the risk and advocating for favorable terms;
Coordinate contract negotiations and amendments with reinsurers and clients, addressing any discrepancies or concerns;
Stay updated on industry trends, regulatory changes, and emerging risks in the Financial Lines reinsurance sector.
What you need to have:
Bachelor’s/Master's Degree;
+3 years’ experience in the insurance industry (Insurance Companies, MGAs, Brokers), especially in market facing roles at international level;
In-depth knowledge and/or previous exposure with one or more Financial Lines products insurance products (D&O, Cyber, PI, BBB etc.);
Commercial and relationship skills (with Italian and International Counterparties);
Problem solving and analysis skills;
Ability to negotiate at international level;
Excellent knowledge of the Italian and English languages. Third foreign language would be considered as a plus.
Marsh is the world’s leading insurance broker and risk adviser. With more than 45,000 colleagues advising clients in over 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 world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 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 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.
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.
