Insurance Law Specialist

3 weeks ago

London, Greater London, United Kingdom Avencia Consulting Full time
Job Title: Insurance Law Specialist

Avencia Consulting is seeking a highly motivated and ambitious individual to join our team as an Insurance Law Specialist. As a key member of our Legal and Regulatory team, you will play a crucial role in supporting the day-to-day operations of the department.

Job Purpose:

The primary objective of this role is to gain hands-on experience and knowledge through a structured training contract. You will assist in the running of LMA committees, deal with everyday legal issues, and provide legal input on various clauses for the marine and non-marine committees.

Key Accountabilities:
  • Run or assist with the running of LMA committees to gain exposure to underwriting, regulatory, legal, and claims issues impacting the insurance market.
  • Deal with everyday legal issues arising out of the LMA, including contract review and matters requiring legal input from the underwriting and claims teams.
  • Liaise closely with the wordings specialists at the LMA, providing legal input on numerous clauses for the marine and non-marine committees.
  • Undertake horizon scanning on legal issues arising worldwide where Lloyd's does business and assist in preparing responses to regulatory and legal consultations.
  • Provide legal and regulatory updates to the LMA membership.
  • Liaise with other market organizations such as the Association of British Insurers and IUA.
  • Respond to queries from LMA members from time to time.
  • Complete placements within a managing agency, law firm, or within the Lloyd's corporation to learn about different aspects of the insurance industry.
Person Specification:
  • Excellent academic record;
  • A 2.1 degree;
  • Have completed LPC or full SQE (parts 1 and 2) by February 2025.
General Skills/Qualities:
  • Enthusiastic at all times, even under pressure.
  • Ability to quickly assimilate a wealth of information and identify the main issues is critical.
  • Able to make well-reasoned decisions.
  • Meticulous attention to detail.
  • Strong, productive relationships with colleagues as well as clients are vital to every area of our work and therefore interpersonal skills are paramount too.
  • Able to express yourself clearly and succinctly both face-to-face and in writing and you'll know how to tailor your message to your audience, build rapport and be persuasive.
  • Ambitious, driven, and inquisitive, and have the resilience to respond well to feedback and adapt to working in a changing environment.
  • Proactive to question and challenge, or to put forward practical solutions and ideas that are well thought through.

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