Reinsurance Contract Expert

2 days ago


London, Greater London, United Kingdom Lancashire Insurance Group Full time
Senior Reinsurance Contract Wordings Specialist

About the Role

This is a highly technical and challenging position, requiring an individual with extensive experience in contract wordings or as a qualified solicitor. The successful candidate will provide expert advice and guidance on reinsurance contracts, ensuring that they align with the company's strategies and risk appetites.

Key Responsibilities

  • Inwards Treaty Reinsurance Wordings: Review, draft, and negotiate inwards treaty reinsurance and retrocession contract wordings, as well as related supporting documentation.
  • Consistency and Best Practices: Promote consistency in wordings across products lines and platforms, and develop best practice reviews and guidance to empower underwriters.
  • Outwards Reinsurance and Internal Guidance: Assist in the review and drafting of outwards reinsurance and internal reinsurance contracts, and contribute to the development and implementation of standard clauses.
  • Research and Development: Stay up-to-date with insurance/reinsurance rulings, legal, regulatory, and emerging issues, and modify or create new wordings as necessary.
  • Communication and Teamwork: Collaborate with colleagues, communicate effectively with stakeholders, and support junior underwriters on contract wording.
  • Project Delivery: Contribute to the delivery of projects, internal workstreams, and reinsurance wordings-related initiatives, and participate in external working parties and market events.

Requirements

  • Experience and Qualifications: Extensive experience in contract wordings or as a qualified solicitor, preferably gained within a (re)insurance company, broking, or legal environment.
  • Critical Thinking and Analysis: Strong analysis and critical thinking skills, with the ability to identify and analyze problems, evaluate options, and make sound decisions.
  • Negotiation and Communication: Strong negotiation and flexible interpersonal skills, with the ability to articulate opinions and maintain awareness of commercial environments.
  • Collaboration and Adaptability: Enthusiasm and willingness to challenge internally and externally, with a flexible approach to work and the capability to prioritize tasks and manage deadlines.

Compensation

We offer a competitive salary package, with an estimated annual salary of £80,000 - £110,000, depending on experience.

The Lancashire Way

We value honesty and integrity, straight-talking, collaboration, hard work, responsibility, and positivity. If you share these values and are passionate about reinsurance contracts, please apply.


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