Legal Counsel

London
Permanent
Full-time

7 days ago

About usAt Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.Legal CounselWe are looking to hire a lawyer with experience and SME in negotiating Lloyd's and Company market wordings/clauses and contracts spanning a wide range of property and casualty and specialty lines of business as well as advising on legal and regulatory issues as and when they arise.As part of the legal function, support the business in managing all legal issues within all legal entities within the Munich Re Speciality Group to include strategic projects, distribution contracts, underwriting, wordings, reinsurance, service contracts, regulatory and compliance support. With specific SME and substantial proven experience in drafting legal contracts and technical knowledge of insurance law.Responsibilities:

To advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe
To advise on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts.
To advise on, negotiate and draft commercial contracts including intra-group and third party service agreements.
To review, advise and draft (re)insurance policy wordings, clauses or endorsements, consortia agreements, BA agreements and lineslips.
To provide legal advice and support in developing new product and effective bespoke policy wordings for all business units. Keeping up to date with relevant market wording developments and providing training to underwriters and colleagues on wordings issues and trends.
To work with and support Compliance on regulatory
To provide legal support to Munich Re Specialty Global Markets' UK and international distribution channels including in relation to Lloyd's Europe.
To work with the Corporate Underwriting Department in Head Office in Germany to ensure all relevant group guidelines understood and implemented across MRSG.
To provide advice to and liaise with Wordings Experts to maintain wordings and processes in accordance with group wide policies.
To develop and draft template contracts and other processes aimed at achieving consistency and streamlining provision of legal advice.
To undertake targeted legal research whilst being able to deliver commercially on-point advice
To stay informed of legal and regulatory developments, perform horizon scanning to promote knowledge sharing across the team and training to the wider business
To support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions.
To participate in London Market initiatives where required.
Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Knowledge and Skills

Qualified Lawyer in England and Wales with - mid PQE. In-house experience preferable
Background and specialisation in insurance law. Good understanding and experience working with the insurance industry, ideally Lloyd's Market
Comprehensive understanding of legislative, regulatory and competitive environment including consumer products.
Commercially aware. Understand MRSG business and commercial objectives.
Good motivational and effective time management skills.
Strong drafting, written and verbal communication, attention to detail and, negotiation skills
University Law Degree or equivalent

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don't meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!Diversity, Equity & InclusionAt Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.Learning and innovating today, striving for sustainable societies and business tomorrowAt Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.- choose your impact!#BePresent #BeBold #BeCurious

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