Liability Wordings Specialist - London, United Kingdom - WTW

WTW

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Role
To support the broking teams to ensure contract certainty and to develop best practice wordings and clauses. To put the interests of clients and the integrity of the market at the heart of the way you do business

Principal Duties/Responsibilities

Detailed understanding of the structure, content of North American Casualty Contract Wordings, in particular the General Liability ISO forms, Umbrella Liability forms and the Bermuda "Occurrence Reported" Form.
Review and issuance of carrier produced documentation.
Drafting of contract Wordings, where required by the business unit.
Review of/commentary on contract wordings.
Recommendations for amendments to contract wordings.
Understanding of recent market developments in contract wordings.
Assistance with the negotiation of contract wordings with insurers.
Liaise with Corporate Departments to oversee/maintain Market Reform Contract (Slip). templates to ensure they meet the current needs of the North American Casualty business unit.
To provide technical training to placing teams on North American Casualty insurance.
Provide technical advice to sales team and network on wordings related matters.
Review of Market Reform Contracts (Slip/MRCs), as required.
Resolve contract wordings queries from Clients, Insurers and Network.
Provide comparisons between differing wordings when required.
Monitor and prioritise own work using tracking systems.
Maintain electronic (or paper) wordings files, ensuring the appropriate file retention policy for US Casualty business is adhered to.
Establish and maintain good working relationships with key carrier contacts.
Wordingsrelated ad hoc tasks, as required.

The Requirements

Good understanding of insurance and insurance contract law.
Indepth understanding of the base wordings and standard clauses of one specialist class.
Indepth understanding of the risks associated with one specialist class of insurance.
Excellent understanding of MRC/slip construction and content.
Ability to turn insurance coverage requirements into clear, unambiguous and accurate written wording/policy documentation.

**Equal Opportunity Employer