Lockton is the world's largest privately held independent insurance broker with a focus on providing clients with the best in risk management, insurance and employee benefits consulting The entrepreneurial culture of the business is reflected in empowering associates to act quickly, learn fast and provide the right solutions for their clients. What is Transactional Risk?
In a nutshell we advised on and structure insurance relating to M&A, (mergers and acquisitions). The main product that we sell is called warranty and indemnity insurance, (commonly referred to as W&I). W&I is an insurance product used by buyers and sellers in connection with M&A transactions to cover liabilities under the warranties and tax indemnity. The team works with a lot of corporate lawyers in the Manchester area and law firms of all sizes nationally and internationally. What we are looking for?
We have a team of fifteen in London, six in Manchester, two in Oslo, three in Hong Kong and Singapore with further people spread across the US. Lockton has an office in Edinburgh but does not presently have a Transactional Risk specialist based in Scotland. We have a large number of clients based in Edinburgh and we looking to grow this out further and to do this we would like to recruit a local specialist to be based in Edinburgh but work as part of the international team working on developing out the business locally but supporting the team across existing deal flow.
In our team we work hard, support each other and look to have a bit of fun along the way. We are open minded and are fundamentally looking for someone who fits into our team. However, by way of guidance we would hope to get applicants with four to eight years professional experience. The team is currently made up of people with legal and non-legal backgrounds. The majority of lawyers have a background in Corporate law but we would also be interested in hearing from lawyers with experience in Property and/or Litigation. We would also be interested in hearing from accountants who may fancy a change a path.
Transactional Risk Insurance has evolved hugely so the real pre-requisite is an appetite to learn and be part of it as it develops further. Candidate Profile:
We would like team members who are bright, enthusiastic, keen to learn and adaptable. The rest follows. We think the key areas of the job are as follows:
- Deal Execution - Working with junior associates below you and senior support as required you will be responsible for placing insurance in relation to M&A transactions.
- Business Development - We have an existing network of clients and contacts that we will introduce you to after you settle into the role. You will then help maintain, grow and build our relationships locally, nationally and internationally as opportunities present themselves.
- Administration / Management - You will pro-actively assist and be part of team initiatives and drives as the business grows.
We really enjoy what we do and we are all really excited about how we can grow the business together. The people who join us should be excited about doing something different and being an important part of our team as we grow.