International Wordings Lawyer

1 month ago

City of London, United Kingdom Arthur Full time

New Job - International Wordings Lawyer (Cyber focused)
London, Hybrid Working, Perm, Full time
I am recruiting for an exciting new opportunity with a leading Lloyd's Syndicate. They are looking to hire a Wordings Lawyer, you will be providing underwriting and wordings support to Cyber Risks and other teams.
The company:
My client is a specialist insurance company with over 30 years’ experience. Their products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protectionfrom deadly weapons.
They employ over 1,500 people globally. They are proud to have a family friendly culture, that empowers their staff to work from when and where they want.
**Key Responsibilities**:

- Drafting and reviewing international policy wordings and endorsements to support business/underwriting objectives of Cyber Risks.
- Assisting international Cyber Risks Underwriters in addressing coverage issues raised in the underwriting and negotiation process to enable successful closing of business opportunities.
- Leading wordings negotiations with broking partners.
- Managing the localisation of wordings and endorsements for different countries where required.
- Assist Cyber Risks Underwriters in achieving sales and service goals by providing high quality and timely response to queries raised.
- Providing support on underwriting, product development, and coverage issues.
- Review confidentiality agreements and warranty statements as needed for Cyber Risks Underwriters to engage in the underwriting process.
- Assist Cyber Risks Underwriters in addressing bespoke coverage requests; this requires interaction with Brokers, Insureds, other key external stakeholders (i.e. insured counsel).
- Collaborate with the Head of Underwriting Management, the Head of International Underwriting Management and the Cyber Risks Product Owner and Underwriting Manager to facilitate an organised knowledge management and sharing process.
- Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to other Cyber Risks Underwriting Management teammates, Speciality Risk Wordings, Compliance, Claims, Conduct Risk, UW Controls and Operations,Marketing and IT.
- Monitor competitive landscapes for the continuous improvement of wordings and underwriting controls.
- Participate in Cyber Risks Business Planning, Away Days, Broker/Client meetings and other Marketing events, as required and appropriate.
- Provide assistance with additional projects and/or legal services for Cyber Risks Underwriting Management, Underwriters and Cyber Services, as needed.
- Monitor claims developments and impact of wording on claims.
- Participate in strategy review and structure of the wordings team together with the Head of Cyber Risks Wordings.

**What we are looking for:**:

- Law Degree; and/or Experienced in wordings (holding or having held a senior wordings position)
- Fluency in and ability to read and draft legal contracts in other languages would be highly favoured.
For more information please get in touch ASAP:

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