Legal Counsel

ENGINEERINGUK; London; Hybrid; GBP 150,000 - 200,000

Job description

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About us
At 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 Counsel

Hybrid working - Commutable distance to London, Manchester or Birmingham local office.

As part of the legal function you will support the business in managing all legal issues within all legal entities of the Munich Re Specialty Group to include strategic projects, distribution contracts, underwriting, wordings, reinsurance, service contracts, regulatory and compliance support.

Responsibilities

• You will 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.
• Provide advice on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts.
• Negotiate and draft commercial contracts including intra-group and third party service agreements.
• Support and advise the business on non-claims litigation, ECO claims, investigations and other contentious matters.
• Work with and support Compliance on regulatory matters and complex sanctions underwriting and claims issues.
• Provide legal support to Munich Re Specialty Global Markets' UK and international distribution channels including in relation to Lloyd's Europe.
• Work with the Corporate Underwriting Department in Head Office in Germany to ensure all relevant group guidelines understood and implemented across MRSG.
• Provide advice to and liaise with Wordings Experts to maintain wordings and processes in accordance with group wide policies.
• Develop and draft template contracts and other processes aimed at achieving consistency and streamlining provision of legal advice.
• Undertake targeted legal research whilst being able to deliver commercially on-point advice.
• Stay informed of legal and regulatory developments, perform horizon scanning to promote knowledge sharing across the team and training to the wider business.
• Support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions.
• 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 with litigation/coverage background.
• Background and specialization 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.
• Good motivational and effective time management skills.
• Strong drafting, written and verbal communication, attention to detail and negotiation skills.

Education and Professional Qualifications

• 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 & Inclusion

At 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 recognize 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 tomorrow.

At 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.

Benefits

• 25 days Annual Leave + bank holidays.
• 10% Non-contributory Pension.
• Eligibility for an Annual Bonus.
• Private Medical + Dental Insurance.
• Critical illness insurance + Life Assurance + Permanent Health Insurance.
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility).
• Electric Vehicle Salary Sacrifice Scheme.
• Study & continuing Professional Development Support.
• Hybrid Working + IT Home Set-up Support.

#BePresent #BeBold #BeCurious