Senior Wordings Counsel -London – Hybrid 3 days
Astral Legal have partnered with a Global Insurance company as they are recruiting a Senior Wordings Counsel.
Astral Legal have partnered with a Global Insurance company as they are recruiting a Senior Wordings Counsel.
Duties of a Senior Wordings Counsel will be:
*To draft, review and analyse policy documentation (including wordings, clauses and endorsements) and reinsurance contracts.
*Support the business by reviewing documentation associated with prospective and approved opportunities.
*Ensure documentation complies with relevant law and regulation and is consistent with the Company’s commercial appetite and underwriting and claims philosophies.
*Handle drafting, reviewing policy forms, wordings, clauses and endorsements for specific MGA/Cover holder-managed products
*Provide technical input on complaints, coverage queries and disputes.
*Provide technical support and training to stakeholders, as required.
*Liaise with brokers, reinsurers, MGAs/Coverholders and other relevant parties to ensure the best outcome for the Company from the outset of discussions and throughout the period of the agreements and policies.
The ideal Senior Wordings Counsel will possess:
*Good knowledge of reinsurance principles and wordings.
*UK and/or European experience required. International experience would be helpful
*Technically astute; legal or insurance qualification preferred.
*Understanding of general insurance, insurance law, regulation, and market practice as they relate to products.
My client is open to candidates from In-House or Private Practice, please contact me for further information.
Job Opportunity: Senior Wordings Counsel
Our esteemed client, a leading firm in the Insurance industry, is seeking a highly skilled and experienced Senior Wordings Counsel to join their expanding legal team on a permanent basis. This impactful role calls for a deep understanding of insurance wordings and coverage, ensuring the provision of precise and clear contractual terms across various insurance products.
Role & Responsibilities
- Review, draft, and negotiate a wide range of insurance contract wordings.
- Ensure compliance with regulatory requirements and internal guidelines.
- Offer legal advice on insurance products, focusing on risk exposure and mitigation.
- Collaborate with underwriters and other departments to develop robust insurance products.
- Provide guidance and support in the resolution of claims related to policy wordings.
- Keep abreast of legislative changes that impact insurance wordings and coverage.
Key Skills
- Extensive knowledge of insurance law and contract drafting principles specific to the insurance sector.
- Strong analytical skills and attention to detail.
- Excellent communication and negotiation skills.
- Proven experience in insurance wordings and coverage analysis.
- Ability to work independently as well as part of a team.
- Strong problem-solving skills and the ability to manage multiple tasks.
