Title:  Senior Legal Counsel

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.  
Please see our website for more information.

Senior Legal Counsel

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

We are looking for a senior lawyer with an extensive litigation background in insurance coverage in UK and Lloyd’s to join our growing Legal Team based in London.

As a Senior Legal Counsel of the Munich Re Specialty- Global Markets Legal Team, you will be a trusted advisor to the business on cross-disciplinary legal issues within the MRSG Group.  This will include strategic projects, distribution contracts, underwriting, wordings, (re)insurance, service contracts, non-claims litigation, regulatory and compliance support as well as assisting the business with day-to-day legal questions on a broad range of subjects.

You will be a subject matter expert in (re)insurance coverage/litigation, experienced 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 complex legal and regulatory issues as and when they arise. 

As a senior member of the team, you have the ability to work autonomously but thrive in a team environment, including through supporting, mentoring and developing other members of the team. 

Responsibilities 

• Serving as a subject matter expert legal resource to all legal entities across Munich Re Specialty- Global Markets by providing comprehensive and timely legal advice and training to internal stakeholders including claims and underwriting, you will:-
• Advise on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts.
• Advise commercial and product teams on wordings and related governance processes, including regulatory considerations for new products/emerging areas.
• Provide strategic advice on complex legal queries with an emphasis on providing solutions that balance legal and regulatory risk with commercial objectives.
• Advise the business on non-claims litigation, ECO claims, investigations and other contentious matters.
• Provide expert advice in commercial and corporate contract issues to include optimising approach to intra-group agreements and third party service contracts.  
• Provide legal and regulatory advice on strategic projects across the MRSG group of companies.
• 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 international offices and 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 strategy to enhance processes aimed at achieving consistency and streamlining provision of legal advice.
• Provide training, develop template contracts and share relevant knowledge across the business. 
• Participate, and lead where appropriate, 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

• Extensive cross jurisdictional insurance litigation/coverage experience. 
• Legal credentials – University degree with high academic achievement. English or common-law jurisdiction senior qualified lawyer 12+PQE with experience in private practice (insurance) and in-house preferably in a Lloyd’s Managing Agent.  Dual/additional legal qualifications are desirable/advantageous
• Research and analysis - ability to provide complete and comprehensive research whilst delivering crisp, targeted and on-point analysis in a fast-paced environment. 
• Effective communication in writing and face-to-face with key stakeholders -in particular underwriters and senior management.
• Strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts.
• Communication and negotiation skills- excellent verbal and written communication, collaboration, negotiation and presentation skills.  Able to communicate effectively with internal and external stakeholders at all levels of sophistication.
• Comprehensive understanding of legislative, regulatory and competitive environment including consumer products.
• Understand MRSG business and growth strategy.
• University Degree and/or relevant professional qualification

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 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 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.
 
Please see our website for more information.
 
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