Policy Wording Specialist

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Full time
Location: London
· ·
Title:

Policy Wording Specialist Company:

Everest Advisors (UK), Ltd. Job Category:

Operations Job Description:

It is an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets. Everest is a leading global reinsurance and insurance provider, operating for over 50 years through subsidiaries in the Bermuda, Canada, Europe, Asia Pacific, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people. Career Development:

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees, including: Generous tuition/continuing education reimbursement Mentoring opportunities Flexible work arrangements Talent development initiatives Networking groups This position can be based in either our London, Dublin, Paris, Madrid, or Düsseldorf office with a hybrid schedule that has the option of working two days remotely each week. Ad hoc travel may be required. Team Overview:

Everest International Insurance, a member of Everest Group, is recruiting for a Wording Specialist to support our international business expansion across all Property and Casualty and Group Accident and Health lines of business. This is a unique and exciting opportunity to join Everest’s International Wordings team during a period of rapid international expansion. Reporting into the Wordings Counsel, International, you will join the growing Wordings team in servicing all of our International offices in their commercial insurance product development. Role Purpose:

A fantastic position for anyone with a passion for drafting insurance coverage, and the ambition to create products from scratch; you will be responsible for working with numerous business functions to create proprietary Policy Wordings and Endorsements across Everest’s Property and Casualty and Group Accident and Health insurance lines of business to support our international business expansion. You will also be involved in conducting policy reviews in addition to negotiating and advising on insurance coverage. Key Accountabilities: In partnership with the respective lines of business, research, draft and review Policy Wordings and Endorsements for Everest International Insurance across all Property and Casualty and Group Accident and Health lines of business. Support with the localisation of Policy Wordings and Endorsements internationally. Support and advise lines of business with the development and analysis of coverage. Conduct reviews of proprietary, broker, and competitor Policy Wordings including ad hoc reviews of manuscript Policy Wordings and/or Endorsements as required. Liaise among the respective line of business and Legal, Claims, Chief Underwriting Officer, and Compliance functions to ensure that Policy Wordings and Endorsements meet each of those departments’ requirements. Manage external legal firms and translation firms internationally and ensure vendors provide timely and quality work. Review vendor invoices. Drive wording clarity, consistency, and conformity and maintain and update manuscript policy checklists to ensure that Policy Wordings and Endorsements match Everest’s underwriting intent. Update the Policy Wordings Library. In conjunction with line of business leaders, engage and participate in meeting with brokers and/or clients to develop Policy Wordings and Endorsements. Assist with and deliver training and thought leadership to the Business. Professional Experience: Law degree or substantial proven experience drafting legal contracts with technical knowledge of the insurance law of your respective location; Proven experience within the insurance industry, and knowledge of technical drafting; Strong background in commercial Property and/or Casualty Insurance; Technical insurance industry knowledge. Legally qualified solicitor or barrister in either England & Wales, Ireland, France, Spain, or Germany preferred; Skills & Abilities: Ability to multi-task and adapt to a fast-paced environment; Excellent English oral and written communication skills. Spanish, German, or French are not required, but a plus; Candidates with experience across multiple jurisdictions preferred. Competencies: Collaborative; Intellectually curious and creative; Relentless attention to detail; Highly proficient with Microsoft Word; Ability to prioritise and work on multiple tasks; Commercial outlook and clear understanding of the business needs. Everest Values and Behaviours:

Our recruitment practices assess candidates’ behaviours, competences, and capability to ensure they are fit to fulfil their roles and carry out their duties with a high degree of integrity and commitment. Through our organisation values and colleague behaviours, we encourage cultivating a positive ethical culture, meeting our regulatory requirements and conduct standards by ensuring clear lines of responsibility, accountability, and a focus on fair customer outcomes. Type:

Regular Time Type:

Full time Primary Location:

London Additional Locations:

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