Arthur is delighted to have partnered a leading specialist insurer. This client has very recently won awards for being the best employer in the insurance industry. They are active in both the Lloyd's and company market. I have been appointed to help them find a Wordings professionals as they establish there in-house department. The team is lead by the Head of Wordings, this role will partner closely with Underwriters in the management of risk relating to all underwriting documentation whilst providing training and engagement cross-departmentally on insurance regulation, law and specific wordings related matters.
In this role you will be handling property, casualty and financial lines business. As time goes on you will have the opportuntiy to handle a wider varierty of classes.
This is an exciting opportunity because:
You will be joining an outstanding employer, that has won best employer in the insurance industry.
You will be working with a head of wordings that has brilliant experience and reputation.
You will be joining a newly created team.
You will have the opportunity to partner with the rest of the business closely, work with underwriters on a regular basis.
You will have a lot of exposure to different areas of the business; reinsurance, pricing, underwriters.
The business is a market leader in many classes.
Recieve a highly competitive salary and package.
Your responsibilities include:
Contribute to, monitor and advise on the wordings business plan developments and changes in order to ensure relevance, compliance and optimal delivery
Draft more complex or special policy wordings and other support documents to ensure accuracy and effectiveness as well as reviewing, advising on & amending specific clauses
Become a reliable and trusted advisor to the business on legal and regulatory issues that impact on policy wordings
Maintain up to date knowledge of market, legal and FCA requirements & guidelines so that wordings meet legal requirements
Deliver training and coaching to team members, underwriters and UAs to improve wordings knowledge and application
To be aware of the business plans for each portfolio and its impact on underwriter documentation and prioritise work accordingly including team planning of medium term document review and new product projects
To be aware of an anticipate market led developments and feed this into wording strategy .
To propose and support EO Wordings Team initiatives to ensure practical support is provided to the business
Supervise and manage junior wordings team members, share knowledge and support their professional development
Assist in appointment, dismissal, performance management and reward of the team, establishing clear accountabilities and authority levels
Qualifications and experience required:
Relevant and or transferable legal qualifications, preferably a law degree
Experience working in an insurance wordings team in house, or within the insurance team of a firm of solicitors
Extensive experience in drafting, advising on and negotiating insurance policy wordings
Extensive technical understanding of insurance regulation and market practice, specifically insurance law knowledge
Confident communicator with the ability to explain complex legal/regulatory issues clearly and succinctly
For more information please get in touch ASAP: eb@arthur.co.uk 0203 587 7036
