Masters Insurance | Financial

Account Executive

• Manage an existing portfolio of clients, handle the renewal process for Management Liability lines of coverage as relevant to their business, including open market placement of insurance policies, providing high-quality service, and risk management advice
• Responsible for the placement of new Cyber and Management Liability insurance policies by engaging with the community, prospects, and networking
• Negotiate terms and conditions of coverage and pricing with insurers on new and renewal business; Assess and investigate applicant’s cybersecurity quality control practices, service agreements, contractual liability limitations, financials, historical loss data, and other relevant information to arrange appropriate coverage terms, conditions, and pricing
• Build, develop, and maintain strong relationships with clients, underwriters, and other stakeholders to foster business growth, collaboration, and retention
• Develop a Cyber and Management Liability placement strategy
• Stay up-to-date with market trends, industry developments, and regulatory changes to effectively identify exposures and determine appropriate coverage solutions
• Conduct periodic reporting about Cyber and Management Liability book for internal stakeholders
• Review coverage(s) and recommend changes as necessary
• Work with the executive team to produce client presentations relating to insurance terms and conditions and present terms and conditions to clients
• Conduct technical review of all policy documents to ensure their accuracy prior to presenting them to the client in a timely manner
• Ensure all client records are uploaded to our broker management system (TAM) and shared drive
• Represent Masters Insurance at various industry and client events
• Request policy and/or amendments from insurers
• Respond to client requests and inquiries in a prompt and professional manner
• Assist with special projects, initiatives, and reporting requirements, as assigned

Account Executive, Cyber and Management Liability