Reinsurance Broker, Portfolio Solutions/MGA

Marsh McLennan•Boston, NY

14d•Hybrid

About The Position

We are seeking a driven, innovative and entrepreneurial Reinsurance broker to expand our Global Capital Solutions (GCS) team within the US. The role is focused on delivering strategic reinsurance solutions that drive enterprise value for insurers operating within the MGA distribution space & MGAs. This position can be based in any US office. This is a hybrid role that has a requirement of working at least three days a week in the office. You will play a pivotal role in the placement and execution of bespoke reinsurance solutions primarily targeting clients within the US. We will count on you to: Prepare comprehensive market submission packs to effectively present client needs to insurers and markets. Analyze data and client information to support accurate and compelling placements. Identify suitable opportunities, negotiate terms, and place business with markets to benefit clients. Build and maintain strong relationships with key markets and insurers, fostering trust and ongoing collaboration. Assist with managing existing client accounts, including endorsements, mid-term changes, and mid-year market updates. Collaborate with internal teams and clients to understand their needs and ensure seamless placement processes. Stay informed about market trends, appetite changes, and emerging risks to advise clients and optimize strategies.

Requirements

Bachelors degree – Finance or Insurance
Proven track record in reinsurance industry (7-10+ years of experience), demonstrating a strong understanding of reinsurance products, MGAs and Insurance & Reinsurance carriers that support MGAs
Entrepreneurial spirit with propensity and skill set to identify market gaps and translate them into actionable opportunities
Proficient with Information Technology, particularly Microsoft Office Products
Collaborative mindset with ability to work effectively within team environment and leverage significant expertise of cross-functional colleagues

Nice To Haves

Demonstrates exceptional broking skills and proven market relationships in the (re)insurance market
Holds a comprehensive understanding of the Managing General Agent (MGA) market
Exhibits a creative and entrepreneurial mindset
Thrives in a team-oriented environment, leveraging cross-functional expertise to develop bespoke reinsurance strategies and enhance the overall capabilities of the Global Capital Solutions team.

Responsibilities

Prepare comprehensive market submission packs to effectively present client needs to insurers and markets.
Analyze data and client information to support accurate and compelling placements.
Identify suitable opportunities, negotiate terms, and place business with markets to benefit clients.
Build and maintain strong relationships with key markets and insurers, fostering trust and ongoing collaboration.
Assist with managing existing client accounts, including endorsements, mid-term changes, and mid-year market updates.
Collaborate with internal teams and clients to understand their needs and ensure seamless placement processes.
Stay informed about market trends, appetite changes, and emerging risks to advise clients and optimize strategies.

Benefits

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.
health and welfare benefits
tuition assistance
401K savings and other retirement programs
employee assistance programs