To support the Head of Wordings in the drafting and review of insurance and reinsurance documents and other contract documents pertaining to the (re)insurance business such as delegated authority agreements, ensuring that such documents are commercially appropriate, legally enforceable, compliant, and fulfils the requirements of contract certainty, consumer duty.
What You'll Spend Your Time Doing Minimising use of unclear terms;Highlighting risk exposure, especially created through third party drafting;Raising awareness of (re) insurance issues that may have an impact on wordings;Championing clarity of structure and drafting recognising that, whilst commercial considerations and market conditions may drive decisions, MSAUL Wordings can promote continuous improvement.Promoting the MATTER values, adopting a consistent style and, whenever possible, harmonised structure, terms and drafting principles.Principle Accountabilities. Development and management of wordings strategyTo help develop the wordings strategy in conjunction with the Head of WordingsTo help manage a wordings repository containing an up to date suite of agreed wordings for all lines of business.maintain management information in support of the wordings strategy.To provide regular training sessions for junior members of the underwriting teams as requiredWording Production To support the business by reviewing documentation associated with prospective and approved opportunitiesTo ensure documentation complies with relevant law and regulation, consistent with commercial appetite and underwriting and claims philosophiesTo support the companies by drafting and reviewing (re)insurance wordings, clauses and endorsements including policy summaries, Key Facts, ICOB required documentation and associated policy pack supporting documentationTo provide technical input on complaints, coverage queries and disputesTo provide technical support and training to company personnel as requiredLiaise with brokers, Reinsurers, MGAs/Coverholders and other such parties to ensure the best outcome for the Company at the outset of the discussions and through the period of the agreements and policiesAct as final wording 'sign off' in accordance with the MSAUL Wordings Standard Operating Procedures for allocated classes.Service Management To support the Head of Wordings to: Establish and maintain working relationships with the other business partners including, but not limited to, Claims or Underwriting teams,To act as a technical reference point on wordings and coverage for all territories and business lines within the Business.Keep up to date with new products and business opportunities and monitor market, Lloyd's, legal and regulatory changes which may affect policy wordingsTo produce and keep updated guidance materials and toolkits for the company.To act at all times in accordance with the Company's and the MSIG Group's code of conduct and best practice standards.To maintain compliance with any applicable UK or international statutory or regulatory obligation as required by the role. This includes but is not limited to obligations arising from:The prudent management of the businessPlacing due regard on the interests of customersObserving rules on sanctions and financial crimeRegulatory requirements and local licensing restrictionsCPD in line with IDD requirementsOrganisation and management: Assist the Head of Wordings with overall business planning and workflow planning especially to ensure times of peak workloads are covered adequatelyPlanning, Organising & Communication: Self-starter, who can manage themselves effectively, communicates tasks and objectives clearly and ensure time is fully utilised.Communicates clearly to the relevant underwriting teams and the Head of Wordings.Ensures urgent and important tasks are completed first.Can manage own tasks effectively: Uses simple tools and systems to structure personal activities (e.g. to do lists, follow up procedures).Quickly and accurately reports on the status of work.Meets deadlines by managing time.Ability and confidence to change/ direct wording appetite as and when requiredWhat you'll need Experience of working within the London insurance/reinsurance marketExperience with the drafting and review of complex wordings, with a focus on direct casualty classesAbility to both support and challenge Underwriting staffStrong technical knowledge of Insurance wordingsComprehension of the Lloyd's regulatory framework, subscription market, Xchanging, etcGood Communicator both in writing and orally.We are stronger together because of our common interests and rich differences. You may be the strength we didn't know we needed. Believe in yourself, and click apply today! What Can You Expect From Us? Performance Related Discretionary BonusHoliday: 28 days core annual leave, and you can buy up to 5 daysPension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)Private Medical: cover for yourself. Family members/dependants can be added.Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits. Life Assurance: 5 x annualised base salaryEnhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1. Continuous Learning Approach: Including study support with professional qualifications.Annual health screeningGive as you earnCycle to workSeason ticket loanAbout MS Amlin MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd's, Continental European, US and Bermudian global (re)insurance markets.
This role is in our Lloyd's business
Our Lloyd's business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London's (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd's Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.
About UsWe know that to achieve our Vision of being the global reference point for quality in our markets, it is our people who will make the big difference.
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