Insurance Policy Wordings Lawyer
3 weeks ago
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.
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