Reinsurance Contract Wording Specialist
London, United Kingdom
0040980
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Schedule
Full Time Permanent
Job type
Experienced Professional
Workplace
In Office
Your Responsibilities
At Lockton Re, we help businesses understand, mitigate and capitalise on risk through innovative reinsurance solutions and exceptional client service. As the reinsurance business of Lockton Companies, the world's largest privately held insurance broker, we are proud of our independent culture, entrepreneurial spirit and commitment to delivering the best outcomes for our clients.
We are seeking an experienced Reinsurance Contract Wording Specialist to join our International Property & Casualty team in London. You will be responsible for the preparation, review and negotiation of reinsurance contract documentation across a broad range of international Property and Casualty treaty business. You will work closely with brokers, clients and reinsurers and will be expected to understand the client’s requirements, review contractual language, advise on coverage issues, and ensure documentation reflects the intent of all parties.
Qualifications
Key Responsibilities and Attributes
We are looking for someone who combines strong technical reinsurance knowledge with a collaborative and commercially minded approach.
Your responsibilities and attributes will include:
- Preparation and drafting of reinsurance contracts, endorsements and client related documentation.
- Work across both proportional and non proportional treaty structures.
- Review client-generated contracts and provide recommendations to ensure accuracy, clarity and contractual certainty.
- Compare, contrast and advise on contract structures and market standards.
- Clear and concise written and verbal communication skills, with the confidence to challenge constructively, negotiate and influence contractual parties.
- Strong analytical skills, problem solving and exceptional attention to detail.
- Able to identify inconsistencies, ambiguities, and unintended coverage gaps. Also, ensure contract wording accurately reflects negotiated terms.
- Maintain a strong understanding of legal, regulatory and compliance requirements relating to international reinsurance business.
- Keep abreast of market developments, LMA/IUA clauses, sanctions issues, and evolving legal precedents.
- Build strong working relationships across broking, client service, legal and operational teams to ensure efficient delivery of client solutions.
- Manage and prioritise workload during peak renewal times.
- Work well under pressure and meet tight deadlines.
- Strong organisational and document management skills. Ensuring version control and audit trail integrity.
- Contribute to the development and refinement of internal contract standards, wordings and templates.
- Take an active role in our cross class Lockton Re Contract Working Group.
Why Join Lockton Re?
You'll join a high-performing international team within a growing global business, working alongside experienced brokers and market specialists on complex and diverse reinsurance placements. We offer a collaborative, entrepreneurial environment where expertise is valued, innovation is encouraged and professional development is actively supported.
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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