Senior Wordings Specialist
4 weeks ago
Shape Your Future with Us
General Re Corporation, a subsidiary of Berkshire Hathaway Inc. , is a holding company for global reinsurance and related operations, with more than 2,000employees worldwide. Its direct reinsurance companies conduct business asGenRe.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 40 offices , supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.
General Reinsurance, London Branch is offering an opportunity for a Senior Wordings Specialist in our International Property and Casualty Unit .
Main Purpose of the Role
To supportunderwriters and claims handlers in all non-contentious reinsurance wordingsquestions across our International P&C reinsurance business.
Key Responsibilities:
- Act as a technical expert for wordings issues on treaty and facultative reinsurance business across our international P&C business;
- Asess proposed wordings for compliance with our 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 in International P&C as needed.
Qualifications & Experience:
- Minimum upper second class honours degree/ Volljurist with first or second Staatsexamen mit Prädikat;
- 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.
Behavioural Competencies:
- Excellent knowledge of contract law and insurance contract law;
- English and ideally German language skills to native speaker level;
- Exceptional drafting and communication skills, able to tell the story behind a wording through giving realistic examples and explaining pros and cons of alternative constructions;
- Strong research skills;
- Able to combine attention to detail with sound commercial judgement;
- Responsive, able to balance competing priorities and deliver under time pressure;
- Co-operative and solution-focused working style;
- Inspires trust and confidence;
- Comfortable in an international environment spanning multiple jurisdictions.
If you have an inquiring mind, enjoy mastery of detail without losing sight of the bigger picture and have exceptional drafting skills, ideally in English and German, we would like to hear from you.
Our Address General Reinsurance, London Branch
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)
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