Contract Wordings Lead

1 week ago


London, Greater London, United Kingdom Nashrock Insurance Recruitment Full time
Job Description:

We are seeking a highly experienced Contract Wordings Lead to join our team at Nashrock Insurance Recruitment. As a key member of our organisation, you will be responsible for leading the negotiation and agreement of policy wordings and reinsurance contracts across multiple lines of business.

This role encompasses oversight of syndicate-led wordings for Property, Delegated Property, Specie, Contingency, PV, Construction, Marine Cargo, and CPRI accounts. You will work closely with Underwriting teams, Clients, and Brokers to ensure contract certainty and maintain compliance with regulatory and market standards.

Responsibilities:
  • Lead the negotiation of direct and reinsurance contract wordings and associated clauses across all actively written classes of business.
  • Collaborate closely with Underwriters, Clients, and Brokers to ensure optimal wording agreements.
  • Maintain accurate records of all negotiations and final agreements using internal systems.
  • Advise Underwriters on risk management processes, highlighting the effectiveness of agreed wordings.
  • Oversee and ensure compliance with Contract Certainty standards, using tools such as the LCC system.
  • Keep up to date with market-standard forms and territorial regulations to ensure appropriate coverage.
  • Conduct peer reviews of wordings and clauses to maintain high-quality standards.
  • Evaluate the financial impact of unsuitable contract wordings and report findings to senior leadership.
  • Manage and mentor the Contract Wordings Technician, providing training and guidance where necessary.
  • Represent the organisation on LMA Wordings Committees, if applicable.
  • Deliver training to Underwriting and Claims teams on contract wordings best practices.


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