Reinsurance Broker - Graduate Programme

Willis Re, part of the Investment, Risk & Reinsurance segment of Willis Towers Watson, is one of the world’s leading reinsurance advisory and broking businesses.

Connecting risk and capital, we help the global insurance industry, governments and society at large manage and mitigate extreme risk – from natural catastrophes such as flood, earthquakes, hurricanes and pandemics, to technological or political risks such as cyber and terrorism.

Your Opportunity

As part of a fast-evolving, $365 billion global industry, Willis Re provides a multitude of exciting career opportunities for talented and driven individuals. Our two year Foundational Development Programme is unique in the industry and offered to all graduates. This includes a multitude of technical insurance and reinsurance modules delivered by our global subject matter experts through to a wider curriculum of professional, financial and client facing skills.

Sponsored by the Willis Re leadership team, our programme also provides access to senior mentors and a “buddy network” to support your wider career development, with ample networking and experience-building opportunities.

This foundational programme is part of Willis Re’s world class Learning Academy, which supports career development for all our colleagues, from graduates through to senior leaders.
Willis Re also fully sponsors professional qualifications including the CII and CFA Level 1.

The Role

Willis Re brings together advanced analytics, risk transfer and transactional expertise to provide advisory and consultation on how risk portfolios impact performance, and execute on those capabilities to deliver improved financial results for our clients.

Our broking and analytics colleagues, including actuarial, financial and catastrophe modelling teams, operate globally and work in integrated and dynamic teams.

Willis Re is also an inclusive and diverse business, so you can expect to work in and learn from culturally diverse, multi-location teams on a regular basis, working on varying projects and client accounts, which include some of the largest, multinational companies in the world.

As a Graduate Broker, you will therefore be immersed in all aspects of client work, business development and internal service delivery for a varied and international client base from early in your career, including:

Assisting in the marketing, negotiation, placing and servicing of client accounts, working with people at all levels within the client’s organisation
Creating and interpreting numerical analysis
Drafting contracts
Helping to structure, place and service transactions
Preparing pitch documents and presentation materials
Supporting internal governance, compliance, risk and operational work
Project managing internal teams to achieve agreed targets within prescribed timeframes
Background research relating to client projects or internal growth initiatives
Use of tailored Willis Re IT systems
Travel as required

Is this position right for you?

Successful candidates will have strong analytical and numeracy skills, and also a talent for communication, negotiation and all-round commercial awareness.

Educational Requirements

Minimum 2:1 degree including A-Level Maths/Economics grade A/B or equivalent qualification. You will also need:

Enthusiasm and passion to learn about Insurance, Risk and Reinsurance
Ability to build strong internal and external business relationships at all levels
Ability to engage with actuarial and catastrophe management colleagues and to demonstrate a level of comfort in discussions on these subjects both internally and with clients
Ability to use data and information to build and support a persuasive argument
Good IT skills in Excel, Word and PowerPoint
Ability to convey complex information clearly
Ability to learn and follow internal procedures and controls
An awareness of the sales and negotiation process
The ability to prioritise, work under pressure in a fast paced environment and meet deadlines with a flexible approach to work and ability to adapt to change
An eye for detail
Desire to take on early responsibility
Initiative and an eagerness to drive projects to a successful conclusion
Be a team player

The Bigger Picture

Willis Re works with academia through The Willis Research Network and bodies such as the UN and World Bank, as well as a range of NGO’s and Government Aid Bodies, helping connect the world of private capital to manage wider societal and environmental risks.

The global financial markets have also now developed the concept of insurance risk as an investable asset class: insurance-linked securities. This has opened up a huge quantity of new financial capacity to accept and absorb risk, with capacity provided by the traditional reinsurance industry augmented with the new capital from global financial markets.

Insurtech is another avenue for growth and development within the industry.
Willis Re sits at this exciting cross road of innovation, acting as a fulcrum to coordinate and develop all of these activities.

The Application Process

Stage 1: Online Application
Stage 2: Online Testing
Stage 3: Video Interview
Stage 4: 1 Day Assessment Centre
Stage 5: Offer and On-boarding

Start date for the UK Graduate Programme will be the beginning of September, 2019

You will be notified on your progress throughout the process

***Application Closing Date: February 1, 2019***

Note however that Willis Re runs its graduate application process and recruitment on a rolling basis, so we encourage candidates to apply early

*** Please note that we do not accept multiple applications and you should only select and apply to one programme per year***

WTW, Reinsurance Broker – Graduate Programme

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