Insurance Policy Wordings Lawyer

Posted 08 May 2024
Salary Up to £130000 per annum + bonus + benefits
LocationCity of London
Discipline Compliance & Legal
Contact NamePaul Miller

Job description

This role is with a global reinsurance business. In this newly created position, you will support underwriters and claims handlers in all non-contentious reinsurance wordings questions across the firm's international property and casualty reinsurance business.

On a day-to-day basis, you will:

  • Act as a technical expert for wordings issues on treaty and facultative reinsurance business
  • Assess proposed wordings for compliance with internal guidelines, clarity, accuracy and completeness, drafting amendments as needed and providing non-technical explanations of your analysis to underwriters, client managers and claims handlers;
  • Develop new clauses and wordings as required;
  • Help to identify emerging risks and shape our wordings requirements in relation to them;
  • Share your expertise with internal and external clients through workshops, training sessions and briefing notes;
  • Be actively involved in development of market standard wordings through participation in trade associations;
  • Contribute to our peer review process;
  • Deputise for the Head of Wordings as needed.

Qualifications & Experience:

  • Minimum upper second class honours degree;
  • Admitted to practice as a lawyer in the UK or Germany;
  • Significant prior experience in P&C (re)insurance, whether at a specialist law firm or in-house as part of an underwriting, claims, wordings or legal team, including giving advice on complex coverage issues.