Contract Wordings Specialist

2 days ago

London, United Kingdom Hiscox Full time

Job Type:
Permanent

Build a brilliant future with Hiscox

About the team/division

Hiscox is a diversified international insurance group. As part of the group, Hiscox London Market (HLM) predominantly insures unusual and larger global risks.

HLM operates in the following lines of business:

- Casualty (directors & officers’ liability, general liability, cyber risks)
- Marine, Energy and Speciality (marine hull and cargo, marine & energy liability, renewables and upstream oil and gas)
- Property (commercial/household, major property, flood)
- Crisis Management (personal accident, terrorism, political violence, K&R)

The Underwriting Standards and Governance function drives HLM’s focus on technical excellence and robust underwriting controls. Our Wordings team sits within this function.

The Role

We wish to add a wordings specialist to our team, reporting to the Head of Wordings. The role will involve worldwide business, across all of our lines. It is a great opportunity to apply, hone and develop skills at a recognised Leader of the London Market.

What you’ll be doing in the role
- Working with underwriters to guide our responses on matters of coverage and regulation during the risk placement process.
- Maintaining and developing our internal wordings resources and repositories.
- Promoting technical knowledge through the learning and development of our underwriters on contractual matters.
- Ensuring we implement our underwriting standards and controls when issuing contracts.
- Representing Hiscox at market level to provide solutions to emerging risks and legal developments.
- Embracing a truly international book of business. We work closely with our colleagues in Europe and the USA meaning the work offers good variety.

We are looking for someone with
- Lloyd’s market experience, either gained in Open Market or DA business.
- Contract drafting experience and attention to detail.
- A “commercial” view of insurance products and their value to customers.
- Confidence to make decisions on coverage and the ability to advocate the logic involved and to evaluate the materiality of technical points.
- Advanced MS Word and document formatting skills.
- The ability to work well both individually and in teams.

Our must haves
- A minimum of two years’ wordings, underwriting support or technical underwriting experience gained in the Lloyd’s Market. Relevant experience in the wider insurance or legal industries may also be considered.
- A passion for reading and writing, including sound knowledge of English grammar and sentence construction.

Nice to have
- Law degree or legal experience which involves an element of reviewing and preparing legal contracts.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

LI-CM1
- Work with amazing people and be part of a unique culture_

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