Wholesale Marine Insurance Broker
Wholesale Marine Insurance Broker
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Job Description
About SPG:
Specialty Program Group (SPG) is the wholesale & MGA division of HUB International (5th Largest Global Broker). SPG acts in a holding company capacity acquiring best in class underwriting businesses to operate independently under discrete brands (portfolio companies).
Job Responsibilities
As a Wholesale Marine Insurance Broker you will solicit develop and maintain relationships with retail brokers/agencies to generate new revenue streams focused on Marine insurance products and services. This role is vital to the success and growth of International Special Risks. As a Wholesale Marine Insurance Broker you will be supported by leadership and service teams to achieve a high level of growth and you will be the cornerstone of our superior customer service and will be charged with ensuring client satisfaction.
Other responsibilities of the Producer role include but are not limited to:
- Working with retail insurance agents to develop and submit business to target markets for placement.
- Building relationships both internally and externally to increase revenue growth potential.
- Solicit new business through various sales and marketing techniques such as networking direct marketing attending industry events and agency visits in order to establish relationships with retail brokers and agencies.
- Solicit market bind and confirm new and existing business.
- Work with our carriers underwriting staff to negotiate the best terms and coverages available.
- Retaining business by maintaining solid relationships with retail brokers and agents as well as underwriters.
Job Requirements
In the Marine Insurance Brokers role you must be an independent selfstarter who is able to solicit and develop strong relationships with retail agencies. We are seeking confident professionals who are not afraid of opening new relationships and developing new business. This is an excellent opportunity for experienced professionals with a range of 315 years of experience in marine insurance brokering and/or underwriting.
Other requirements of the Marine Broker role include but are not limited to:
- 3 years of previous experience in sales and/or underwriting.
- Property and casualty experience highly preferred.
- Must be sales driven and enjoy business development with the ability to develop foster and maintain excellent working relationships.
- Ability to understand clients needs and have knowledge of the risk profiles associated.
- Bachelors degree required.
- Required to obtain the appropriate state licensing with 90 days of hire.
- Preference given to those with existing insurance licensure and/or industry designations.
- Ability to work under pressure and within deadlines.
The compensation for this position is a variable comp structure i.e. base plus commission. As such the total salary paid will vary directly depending on the successful candidates book of business at an particular time. The base range for this position is $200000$225000 and could be impacted by factors such as the successful candidates skills experience and working location as well as the specific positions business line scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance FSA HSA and 401(k) accounts paidtimeoff benefits and eligible bonuses equity and/or commissions for some positions.
Department SalesRequired Experience: 710 years of relevant experienceRequired Travel: Up to 75%Required Education: Bachelors degree (4year degree)
HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity national origin religion age color sex sexual orientation gender identity disability or veterans status or any other characteristic protected by local state or federal laws rules or regulations.
We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact the recruiting team. This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.
Employment Type
Full-Time
