Contract Wordings Specialist

Job Type:

Permanent

Build a brilliant future with Hiscox
 

About the team/division

Hiscox is a diversified international insurance group. As part of the group, Hiscox London Market predominantly insures unusual and larger global risks.

HLM operates in the following lines of business:

- Casualty (directors & officers’ liability, general liability, cyber risks)

- Marine, Energy and Speciality (marine hull and cargo, marine & energy liability, renewables and upstream oil and gas)

- Property (commercial/household, major property, flood)

- Crisis Management (personal accident, terrorism, political violence, K&R)

The Team currently consists of three contract wordings specialists, led by a Head of Wordings. We are recognised by our colleagues as the guiding hand and respected as a critical knowledge resource for the business. There is ample opportunity to apply our specialist business expertise due to our close proximity with both underwriters and clients.

The Role

This is a dynamic opportunity that will place the candidate in a leading position within the Lloyd’s Market. The role involves close collaboration with underwriting and claims colleagues, and the teams is fully involved with live business. No two days are the same, and our workload is varied and rewarding.

We are willing to consider candidates with specialism in any of the classes of business in which we operate.

What you’ll be doing in the role

· Leading wordings and coverage discussions on existing and new products, developed by Hiscox and in tandem with business partners.

· Extensive liaison with underwriters on a day-to-day basis to provide guidance on technical issues and assistance with legal risk management.

· Attending broker and client meetings with underwriters to provide guidance and expertise on specific coverage elements of our products.

· Researching and reporting on potential coverage issues and approaches to emerging risk.

· Providing technical guidance notes and in-person training for colleagues across the business.

· Representing Hiscox in external knowledge-sharing forums and developing your profile across the Lloyd’s market.

We are looking for someone with

· A proven track record as a senior wordings specialist with contract drafting experience and attention to detail.

· A “commercial” view of insurance products and their value to customers.

· Confidence to make decisions on coverage and the ability to advocate the reasoning and logic involved and to evaluate the materiality of technical points.

· Advanced MS Word and document formatting skills.

· An ability to lead and facilitate complex discussions while interacting effectively with all types of people, including more and less technically-focused colleagues, brokers, and customers.

· An inquisitive mind who is a proven problem-solver, capable of adapting and working on wordings in a range of jurisdictions and lines of business.

· The ability to work well both individually and in teams.

Our must haves

- A minimum of five years’ wordings or technical underwriting experience gained in the Lloyd’s Market. Relevant experience in a commercial legal environment (including in-house) may also be considered.

- Excellent contract drafting skills, including sound knowledge of English grammar and sentence construction.

Nice to have

- Law degree or legal experience which involves an element of reviewing and preparing legal contracts.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

Apply now for further information

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