Hiring Retired PSU -Insurance professional

Senior Advisor / Business Development Head – Broking Business

Location: Nagpur & Hyderabad, Telangana

Business: Corporate Insurance Broking

Experience: Retired PSU Insurance Officer / Senior Management Professional

About Magnum Insurance Broking

Magnum Insurance Broking – The Power of Advice

Magnum Insurance Broking is a growing insurance broking company providing corporate and commercial insurance solutions across Property, Fire, Marine, Motor, Engineering, Liability, Health, Employee Benefits and other insurance segments.

As we expand our corporate broking business in Hyderabad, we are looking for an experienced retired PSU insurance professional who can leverage their industry knowledge, corporate relationships and insurance expertise to help us build and grow our Hyderabad business.

Role Overview

The role is ideal for a retired PSU insurance professional who has extensive experience in insurance and strong relationships with corporate clients, industrial houses, brokers, risk managers, finance professionals and other key decision-makers.

The candidate will play a strategic role in business development, corporate relationship building, client acquisition and advisory support for Magnum's Hyderabad operations.

Key Responsibilities

1. Corporate Business Development

• Identify and develop new corporate insurance opportunities in Hyderabad and Telangana.
• Build relationships with large corporates, industries, SMEs, infrastructure companies, logistics companies, real estate groups and other commercial organizations.
• Generate quality leads and convert them into long-term corporate relationships.
• Support Magnum in establishing a strong presence in the Hyderabad corporate insurance market.

2. Leverage Industry Relationships

• Utilize existing professional relationships and market knowledge to introduce Magnum to potential corporate clients.
• Develop relationships with CFOs, Finance Heads, Risk Managers, HR Heads, Directors, Plant Heads and Business Owners.
• Facilitate senior-level meetings and business discussions.

3. Insurance Advisory

• Provide strategic guidance on corporate insurance requirements.
• Use extensive PSU insurance experience to advise clients on appropriate insurance covers, risk exposures, policy structures and coverage requirements.
• Support Magnum's technical and broking teams in complex corporate placements.

4. Corporate Insurance Business

Develop business across:

• Property & Fire Insurance
• Industrial All Risk (IAR)
• Business Interruption
• Marine Insurance
• Engineering Insurance
• Liability Insurance
• Group Health & Employee Benefits
• Motor & Fleet Insurance
• Other Commercial Insurance Solutions

5. Client Relationship Management

• Maintain strong relationships with existing and prospective corporate clients.
• Participate in important client meetings and negotiations.
• Support the team in improving client retention and generating referrals.
• Act as a senior relationship representative for Magnum in the Hyderabad market.

6. Support Broking & Placement

• Coordinate with Magnum's internal broking, underwriting, operations and claims teams.
• Assist in obtaining competitive terms from insurance companies.
• Support negotiation of premium, coverage, deductibles and policy conditions for large corporate accounts.

Ideal Candidate

We are looking for:

• Retired PSU General Insurance professional with strong industry experience.
• Candidates from PSU insurance companies such as New India Assurance, National Insurance Company, Oriental Insurance or United India Insurance will be preferred.
• Strong understanding of corporate/general insurance business.
• Established relationships with corporate and commercial clients will be a strong advantage.
• Experience in underwriting, marketing, corporate business, risk assessment, claims or branch/divisional management will be preferred.
• Strong communication, networking and relationship-management skills.
• Ability to independently develop business opportunities and represent Magnum at senior levels.

What We Are Looking For

Experience + Relationships + Credibility + Business Development

This is an excellent opportunity for a retired PSU insurance professional who wants to continue contributing to the insurance industry in a senior advisory and business development capacity without the structure of a traditional PSU role.