Insurance Insights

Welcome to this week's Insurance Insights Newsletter, your weekly source for curated insurance recruitment content delivered directly to your inbox.

Welcome to the third edition of my newsletter

Your feedback is a valuable asset, please share your thoughts and suggestions by reaching out via direct message or commenting below. In the ever-evolving world of insurance, staying responsive to the needs of our community. Your feedback ensures that the content here remains relevant and informative.

What's going on in Insurance?

I read this FT article this week, shedding light on the recent trend of insurers like Aviva, Canada Life, and Royal London making significant acquisitions in the UK protection market which has raised concerns about reduced competition and client choice.

It appears that these moves are driven by low company valuations and the desire to realign their business strategies. Despite this, it's essential to recognise the disconnect between stock prices and the financial strength of insurance companies, which generally maintain healthy balance sheets.

While rising bond yields might trigger market fears of a recession and credit risks, the insurance industry seems to be better positioned to weather these challenges, given their robust capital coverage ratios and limited credit risk. As the market continues to evolve, it's crucial for both insurers and clients to adapt and navigate the changing landscape of the UK insurance recruitment market.

Insurance candidate of the week

Senior Marine Underwriter, Manchester - ï¿¡50k p/a

With an impressive 20 years of experience in marine insurance underwriting, this professional has a comprehensive background in various areas, including Cargo, Freight, Hull, Pleasure Craft, and Marine Liability.

Their career highlights include successfully establishing cargo divisions, launching new product lines, and forging strong distribution channels with both new and existing brokers. They are currently managing a substantial portfolio of approximately ï¿¡5 million while offering valuable guidance and support to junior colleagues.

This candidate's expertise and achievements in the marine insurance sector make them an exceptional asset for any organisation seeking a seasoned underwriting professional.

Contact me direct to arrange an interview

Top Insurance Job of the week

Senior Commercial Property Claims Handler - competitive salary

Join an award-winning global insurer operating in 50+ countries with over 165,000 employees. We have openings for Senior Commercial Property Claims Handlers due to expansion.

In this role, you'll manage around 250 claims, assist customers and brokers, and provide top-notch service. You'll work in an experienced team, mentor junior colleagues, and receive personalised career development support.

Experience in commercial property claims within the insurance industry is required. Benefits include competitive salary, 35-hour workweek, hybrid working options, bonuses, 25 days of leave (with buy/sell options), pension, life assurance, and free parking.

Apply for this role here

Do you own an Insurance Brokerage?

Are you the owner of an Insurance Brokerage contemplating a successful exit strategy, look no further. 360 Search specialises in mergers and acquisitions, and we're here to guide you through the process with the strictest of confidentiality. Your business legacy and financial well-being are of utmost importance to us, and we're ready to help you make the right decisions for your future. Message me directly to explore how we can assist you in confidence.

Whether you're a candidate seeking their next career move or a company in search of the best talent in the insurance industry, I'm here to connect and assist you. Please reach out via LinkedIn or email me direct: scussons@360search.ie