Job Description

Introduction to the Firm

Bell & Clements (B&C) stands as a premier specialist in bridging the gap between US coverholders and brokers with creative insurance strategies. Operating as a registered Lloyd’s Broker and a dedicated subsidiary of Munich Re, we leverage the vast scale and risk appetite of a global industry leader. We focus on providing sophisticated underwriting, broking, and capacity oversight for the US Excess and Surplus (E&S) lines market. Our distinctive dual-division structure allows us to secure risks through internal binding authorities while offering clients direct entry to the London Market, Lloyd’s, and Munich Re’s proprietary capacity in the US and Germany. We pride ourselves on being a forward-thinking employer that enhances the insurance distribution chain. By joining us, you gain access to the extensive career progression and technical resources of the Munich Re group. We are committed to fostering an inclusive atmosphere where ambitious professionals from varied backgrounds can thrive. Employees at Bell & Clements benefit from comprehensive health packages, financial wellbeing initiatives, hybrid work arrangements, and continuous professional training.

Position: Broker Assistant (London)

Objectives of the Role

The successful candidate will integrate into the Broking Team to provide essential operational support. The primary goal is to facilitate the placement of both new and renewal contracts while optimizing the performance of our Lloyd’s business portfolio.

Core Responsibilities

Partner with the Broking Department to draft and organize technical materials for presentation to Clients and Underwriters.
Assist the broader team in the cultivation and maintenance of active commercial relationships.
Support the binding authority placement cycle by managing market sheets, broking checklists, business plans, and TCF documentation.
Oversee the resolution of temporary table transactions to ensure data integrity.
Generate and present detailed statistical data and analytical reports regarding Lloyd’s contract results for distribution to Underwriters.
Collaborate with the IT division to refine MRS-NA data reporting and analytical tools.
Coordinate with cross-functional departments to address and resolve operational inquiries.
Provide general administrative and technical aid to ensure the Broking team hits departmental targets.
Maintain strict adherence to all internal MRS-NA compliance policies and operational protocols.

Contractual Terms and Incentives

This role is offered as a permanent position. The base salary is determined by the candidate’s specific technical skills and industry background.

Paid Leave: 25 days annually plus bank holidays, with increments based on tenure.
Health & Wellness: Includes full private medical coverage for staff and families, Digital GP access, and a £550 annual wellness allowance.
Agile Working: A hybrid model allowing for up to three days of remote work per week.
Work-Life Balance: Access to flexible working hour arrangements.
Educational Support: Discretionary funding for professional insurance exams, study materials, and completion bonuses.
Family Support: A gender-neutral policy offering 26 weeks of full pay for eligible employees.
Corporate Culture: A socially active environment with frequent team events.

Job Data Table

Category	Details
Company Name	Munich Re (Bell & Clements)
Location	London, United Kingdom
Locality	City of London (Lloyd’s District)
Country	United Kingdom
City	London
Region	Greater London
Job Type	Full-time
Salaries	£30,000 – £42,000
Experience Level	Junior / Mid-level
Travel	Minimal / Office-based
Language	English
Benefits	Private Medical, £550 Wellness Allowance, 26 weeks Parental Leave

Skills & Competency Table

Key Skill	Level
Data & Statistical Analysis	Advanced
Binding Authority Knowledge	Intermediate
US E&S Market Awareness	Intermediate
Stakeholder Liaison	Advanced
IT/Reporting Systems	Advanced
Document Preparation (TCF/Market Sheets)	Expert

Salaries Pay Calculator Table

Annual Salary	Wellness Bonus	Total Compensation	Notes
£30,000	£550	£30,550	Entry-level base with full benefits.
£36,000	£550	£36,550	Mid-point for experienced Assistants.
£42,000	£550	£42,550	Upper limit for technical specialists.

Job Summary

This London-based role supports the placement of US Excess & Surplus insurance risks at Bell & Clements. You will assist the Broking Team with data analysis, underwriter presentations, and binding authority management. It offers a £30k–£42k salary, hybrid work, and excellent benefits under the Munich Re corporate umbrella.

5 FAQs

What is a “7-month FTC”? The title mentions an FTC (Fixed Term Contract), though the description indicates a permanent basis; verify the specific contract duration during the interview.
What does US E&S mean? It stands for Excess and Surplus lines, which covers high-risk or unusual insurance needs not met by standard insurers.
Is there travel involved? The role is London-based with a hybrid model, focusing on the London Market and Lloyd’s.
Do I get training? Yes, B&C offers professional qualification support for institute memberships and exams.
What is the hybrid policy? You can work from home for a maximum of three days per week.

Expert Analysis

In 2026, the US Excess & Surplus market remains a high-growth sector due to evolving climate and cyber risks. Working for a Munich Re subsidiary provides a “Gold Standard” resume entry. The focus on data/IT partnership in this role highlights the industry’s shift toward algorithmic underwriting and digital placement.

Location & Logistics Guide

The role is located in the City of London, the global heart of the insurance industry. Being situated near Lloyd’s of London (EC3) allows for essential face-to-face market interaction. The area is served by Liverpool Street, Fenchurch Street, and the Elizabeth Line.

Wikipedia URL: https://en.wikipedia.org/wiki/City_of_London

Career Path

A Broker Assistant typically progresses to an Associate Broker or Account Handler within 18–24 months. With Munich Re’s backing, you can pivot into Underwriting, Actuarial Science, or Claims Management. Long-term prospects include Binding Authority Manager or Senior US Market Broker roles within the global group.

To apply for this job please visit talents.studysmarter.co.uk.