Reinsurance Wordings Analyst

6 days ago

London, Greater London, United Kingdom Chaucer Underwriting Services Full time £40,000 - £60,000 per year
Job summary

Primary contact and main correspondent on all reinsurance wordings matters, including the review of treaty reinsurance contract wordings and Chaucer outwards reinsurance protections, to ensure that they reflect underwriter intentions and the wider business strategy. Reporting to the Head of Wordings and supported by the wider Wordings team as required.

Main duties:

  • Review of inwards reinsurance slips and wordings.

  • Review of outwards reinsurance slips and wordings.

  • Ensure proactive and regular engagement with underwriting teams to understand business goals and to ensure that reinsurance structures remain effective.

  • Draft and negotiate bespoke treaty Reinsurance wordings as required.

  • Managing key stakeholder relationships.

  • Ensuring contract aligns with business objectives whilst navigating evolving Regulatory landscapes.

  • Raising the awareness of wording clauses and their impact with the underwriters.

  • Liaise with the claims department regarding wording issues.

  • Liaise with market peers and remain fully abreast of market developments and trends.

  • Liaise with lawyers where appropriate to determine legal opinion of efficacy of specific wordings and clauses.

Our requirements:

Proven experience in the London Insurance Market, particularly in relation to ceded/outwards reinsurance placements and inwards international and US treaty reinsurance contracts for Property, Casualty and Marine classes (writing Catastrophe XoL, risk XoL and retrocessional and proportional treaties).

ABOUT US

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

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