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- Tasks: Provide legal support across various business lines in insurance and reinsurance.
- Company: Join Allied World, a global leader in innovative insurance solutions with a supportive culture.
- Benefits: Enjoy a dynamic work environment in London with excellent views and opportunities for growth.
- Why this job: Be part of a reputable company that values diversity and fosters long-term relationships.
- Qualifications: Must be an English-qualified solicitor with 8+ years of legal experience, preferably in insurance.
- Other info: This role offers a chance to work in a collaborative team and manage diverse legal projects.
The predicted salary is between 72000 - 108000 £ per year.
Find out more about this role by reading the information below, then apply to be considered. Allied World Assurance Company Holdings, AG, is a global provider of property, casualty, and specialty insurance and reinsurance solutions, operating through its subsidiaries and brand known as Allied World. With over 1,600 employees across 25 offices worldwide, we focus on superior customer service and innovative risk solutions, fostering long-term relationships. As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyd's syndicate, we are based in the London insurance market, located at 20 Fenchurch Street, offering excellent views and a supportive culture. Allied World is an Equal Opportunities Employer. All qualified applicants will be considered without regard to race, color, national origin, religion, sex, age, genetic information, or disability.
Role Overview: The successful candidate will provide in-house legal support to various business lines, including General Casualty (Bermuda), Healthcare (London), Professional Lines (London), and Reinsurance (facultative), in London or Bermuda.
Key Responsibilities:
- Draft policy forms and endorsements.
- Analyze terms of new/renewal business to identify exposures, clarify underwriting intent, and ensure compliance with policies and guidelines.
- Stay informed on statutory laws, regulations, and judicial developments affecting the business.
- Review, draft, and negotiate underwriting agreements, nondisclosure agreements, and other legal documents.
- Support the improvement of standard agreements and legal processes, and assist in policy development.
- Assist underwriters and claims personnel with legal issues related to coverage and submissions.
- Manage standard policy wordings and endorsements for ceded facultative reinsurance across all lines of business.
- Coordinate with the Legal Department and communicate legal guidance effectively internally.
Qualifications:
- English-qualified solicitor or barrister.
- At least 8 years of legal experience, with a minimum of 4 years in insurance or reinsurance litigation or arbitration.
- In-house experience within an insurance company or Lloyd's is advantageous.
- Experience drafting commercial insurance contracts.
- Strong analytical and technical skills.
- Ability to understand complex business issues quickly.
- Excellent communication skills, both written and oral.
- Good interpersonal skills and team-oriented attitude.
- Commercially minded, decisive, organized, and principled.
- Capable of managing multiple projects and meeting deadlines.
- Compliance with relevant local regulatory standards.
VP, Assistant General Counsel, Global Markets Legal & Compliance Group (London) employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP, Assistant General Counsel, Global Markets Legal & Compliance Group (London)
✨Tip Number 1
Network with professionals in the insurance and reinsurance sectors, especially those who have experience in legal roles. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Allied World.
✨Tip Number 2
Familiarise yourself with the latest developments in insurance law and compliance regulations. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to draft and negotiate complex legal documents. Highlight any instances where you improved legal processes or contributed to policy development.
✨Tip Number 4
Research Allied World's position within the Lloyd's market and their approach to risk solutions. Understanding their business model will allow you to tailor your discussions and show how your skills align with their needs.
We think you need these skills to ace VP, Assistant General Counsel, Global Markets Legal & Compliance Group (London)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the VP, Assistant General Counsel position. Tailor your application to highlight relevant experience in insurance or reinsurance litigation.
Craft a Strong CV: Your CV should clearly outline your legal qualifications, particularly your experience as an English-qualified solicitor or barrister. Emphasise your 8+ years of legal experience and any specific roles related to insurance or reinsurance.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your analytical skills and experience in drafting commercial insurance contracts, as well as your ability to manage multiple projects effectively.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter. Ensure there are no grammatical errors and that all information is accurate. A polished application reflects your attention to detail, which is crucial for a legal role.
How to prepare for a job interview at Allied World
✨Know Your Legal Stuff
Make sure you're well-versed in the latest statutory laws and regulations relevant to the insurance and reinsurance sectors. Brush up on your knowledge of underwriting agreements and policy drafting, as these will likely come up during the interview.
✨Showcase Your Experience
Highlight your 8+ years of legal experience, especially your time spent in insurance or reinsurance litigation. Be prepared to discuss specific cases or projects where you made a significant impact, particularly in an in-house setting.
✨Demonstrate Analytical Skills
Prepare to discuss how you've tackled complex business issues in the past. Use examples that showcase your strong analytical and technical skills, especially in relation to compliance and risk management.
✨Communicate Effectively
Since excellent communication is key for this role, practice articulating your thoughts clearly and concisely. Be ready to explain legal concepts in layman's terms, as you'll need to communicate effectively with various stakeholders.
