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Reinsurance Wordings Specialist

2 months ago

London, Greater London, United Kingdom Aon Full time

Reinsurance Wordings Technician II Role

Aon is a leading global professional services firm providing a broad range of risk, retirement, and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Aon's Mission

We shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

Job Responsibilities

  • Prepare, review, and finalize formal documentation memorializing terms and conditions applicable to treaty reinsurance agreements.
  • Learn and remain well-informed of industry terms and jargon, as well as trends and regulations to remain competitive.
  • Draft and review reinsurance contracts, attending documentation and related correspondence.
  • Assist brokers, clients, and markets in resolving issues related to contract wording.
  • Draft, review, and endorse documentation for the London Market (London Slips).
  • Review contract documents for completeness, accuracy, and consistency.
  • Coordinate with broker colleagues to review reinsurance contract terms.
  • Contribute to maintenance of library of clauses.
  • Monitor statutory positions, regulatory guidelines, judicial decrees, current wording issues, and industry trends affecting reinsurance contracts.
  • Ensure that general processing and quality of assigned accounts comply with team guidelines.
  • Participate in marketing presentations to prospective and existing clients.
  • Gain industry knowledge by participating in industry training and mentoring programs.
  • Perform other related duties as assigned.

Requirements

  • Law graduate or experience in the industry, with proven knowledge of (re)insurance practices.
  • Excellent written communication skills, including demonstrated/advanced competence in all facets of reading, writing, and communicating in English.
  • Strategic and analytical thinker, including basic math proficiency and problem-solving.
  • Detail-oriented.
  • Adaptable to other proprietary systems/applications as demonstrated by previous experience with other platforms.
  • Nominal travel may be required.

Aon's Support for Colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two 'Global Wellbeing Days' each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working