WHAT IS REINSURANCE?Think reinsurance sounds like insurance, and that sounds boring, or worse? Insurance has existed in various forms for hundreds, if not thousands, of years because it is based on the idea that by coming together to share in the cost of risk, people can reduce the consequences of a sudden loss that would otherwise be unaffordable. This in turn allows people to make their hopes and dreams, like owning a car, buying a house, starting a company and employing people, reality. Insurance fuels almost every interaction we have today and makes things we would be too afraid to do without it possible.Similarly, reinsurance allows insurance companies to share the burden of risk with other companies so they can honor their commitments if a catastrophic loss occurs and many policies are impacted at the same time. Reinsurance brokers help our clients – insurance companies – identify reinsurance partners to diversify and absorb risk. Reinsurance is often described by people working in the industry as “the best kept secret” because the average person has no need to know reinsurance exists, and yet it is a dynamic, engaging, social place to work with ample opportunities for career growth and learning. Come join our growing team and experience what the exciting world of reinsurance is all about!WHO IS LOCKTON RE?Lockton Re is the reinsurance broking arm and one of the newest segments of Lockton Companies. With approximately 75 employees in the US and 100 in the UK, Lockton Re is a rapidly expanding global platform. Our service-minded culture and entrepreneurial spirit fosters innovation and creativity, and the ability to do what’s best for our insurance company clients and their business. Reinsurance is often one of the largest expenditures an insurance company will make on an annual basis. As such, we work with senior executives to make highly critical decisions around their risk management programs and purchasing philosophy.global.lockton.com/reQUALITIES OF A SUCCESSFUL CANDIDATEAble and willing to learn new things – hardly anyone comes out of college knowing about reinsurance, so we’ll teach you, but you must be eager to learnNumerically literate – you don’t have to be a math major, but you do need to be able to think and reason about numbers and do basic mathCollaborative and team-oriented – insurance works because people work together; reinsurance broking is no differentA good communicator, both verbally and in writing – telling a compelling story and conveying your ideas clearly is what reinsurance broking is all aboutAble to think creatively and demonstrate problem-solving skills – new challenges inevitably arise, especially in a new company. Doing the best we can for our customers requires resourcefulness, imagination, and determinationInterested in building relationships – reinsurance is a relationship-driven industry and interacting with customers, reinsurers and colleagues in social settings is part of the jobTrusted with detailed tasks – details matter, so having a process for reviewing your work to find mistakes and noticing when something doesn’t look right help to build trust with colleagues, customers and reinsurance partnersAdaptable to changing environments – as a start-up company that is growing fast, we are gaining new employees and customers daily, so things move quickly and are constantly changingPOSITION OVERVIEWAssist Senior Broker(s) in the production, design, analysis and administration of reinsurance programs on behalf of client partners.Prepare submissions, obtain quotations, and represent our client partners in the reinsurance marketplace.Handle and maintain files, negotiate contract subjectivities and other open items (e.g. special acceptances.)Liaise with clients and reinsurance markets for day-to-day account inquiries.Liaise with the claims, accounting and contract departments to ensure consistent and best-in-class service standards.Collaborate with Market Security to advise clients on reinsurers’ financial condition.Liaise with the Compliance department where necessary to ensure adherence to company guidelines.Be accountable to Senior Broker(s) to provide excellent and timely service to clients.