Senior Wordings Specialist - Reinsurance
About the role
Exclusive Vacancy: Senior Wordings Specialist, Reinsurance
Reinsurer
City of London
I am currently partnered with a leading London Market Reinsurer who are seeking a Senior Wordings Specialist to join the business.
This role will be a number 2 to the Head of Wordings, and will be responsible for Property, Casualty and Marine Wordings on a Treaty & FAC basis. The role will include reviewing, drafting & much more.
My client is looking for a qualified Solicitor/Lawyer in the UK or Germany, with extensive Reinsurance Wordings/Coverage experience across P&C lines on a global basis (ex US).
Key Responsibilities
- Act as a senior technical expert on reinsurance wordings, supporting treaty and facultative business across international P&C markets.
- Advise underwriters, claims professionals and client-facing teams on complex wording, contractual and coverage matters.
- Review and assess proposed wordings for clarity, accuracy, completeness and legal/commercial effectiveness, recommending and drafting amendments where required.
- Draft and develop new clauses and bespoke reinsurance wordings in response to complex or emerging risks.
- Provide clear, practical explanations of complex legal and wording issues to non-legal stakeholders, outlining the implications and pros and cons of different drafting approaches.
- Monitor emerging risks and market developments, helping to shape appropriate wording solutions and requirements.
- Deliver training, workshops and briefings to internal and external stakeholders on wording and coverage topics.
- Contribute to the development and evolution of market-standard reinsurance wordings, including through relevant industry associations and market forums.
- Participate in peer review and quality assurance processes, ensuring wordings meet relevant internal standards and guidelines.
- Undertake research into international and multi-jurisdictional legal and regulatory considerations where required.
- Work collaboratively across legal, underwriting and claims teams in a fast-paced, international environment.
- Provide senior support to the wider wordings function and deputise for the Head of Wordings when required.
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