At a Glance
- Tasks: Draft and negotiate insurance policy documents while supporting new product launches and regulatory compliance.
- Company: Fastest growing insurtech in the UK, offering a dynamic work environment.
- Benefits: Employee share options, 25 days leave, enhanced parental leave, and wellness support.
- Other info: Work closely with senior leaders and leverage AI tools for efficient legal delivery.
- Why this job: Join a rapidly expanding company and gain diverse legal experience early in your career.
- Qualifications: Qualified solicitor with 3-4 years’ PQE in insurance or reinsurance.
The predicted salary is between 60000 - 80000 £ per year.
We are a rapidly growing managing general agent underwriting trade credit insurance and surety products. Since launching commercially in 2022, we have expanded across the UK, EU, US and Canada and now serve global corporates through a combination of insurance expertise and proprietary technology. Named the #4 fastest growing software company in the UK by the Sunday Times Tech 100, and the fastest growing insurtech in the UK and Ireland by Sifted.
As we continue to scale internationally, we are hiring our second lawyer to work alongside the Head of Legal and Compliance. This is an opportunity to join a business at an early stage of its growth and gain exposure to a breadth of legal, regulatory and commercial matters that is unusual for a lawyer at this stage of their career.
Location: London (Bermondsey Street, London Bridge). Four days per week in the office.
Qualification: Qualified solicitor (England and Wales)
Experience: Indicative 3 to 4 years’ PQE with an insurance or reinsurance background
Reporting to: Head of Legal and Compliance
Interview process:
- Introductory call
- Head of Legal and Compliance, including case-study
- One of CEO / Group Chief Underwriting Officer
About the Role
You will be the second lawyer in the legal function, working directly with the Head of Legal and Compliance. You will take primary responsibility for the insurance wording and policy documentation workstream, including trade credit insurance policy wordings and endorsements, surety bonds and counterindemnities, and insurance binders, across multiple jurisdictions. Alongside this core responsibility, you will be involved in new product launches, international expansion, regulatory engagement, commercial contracting and the wider legal and compliance work required by a fast-growing regulated business.
This is a broad role. You will work closely with the Co-Group Chief Underwriting Officer and Group Chief Commercial Officers, take ownership of significant workstreams, and have the opportunity to develop well beyond a traditional insurance legal role.
Key Responsibilities:
- Draft, review and negotiate trade credit insurance policy wordings and endorsements, surety bonds and counterindemnities, insurance binders, and related documentation.
- Own and maintain the policy wordings library and version control process across all active jurisdictions.
- Support new product launches and new market entries, working with external counsel where required.
- Review and negotiate broker terms of business agreements, non-disclosure agreements and other commercial agreements.
- Support compliance with ongoing regulatory requirements, including working with our external partners on our USA policy wording filings.
- Monitor regulatory developments and identify implications for the business.
- Build and maintain legal templates, playbooks and process documentation.
- Use AI tools as a core part of legal service delivery, helping the legal function operate efficiently and scale effectively.
You might be a good fit if:
- You have an insurance or reinsurance background, either in private practice or in-house at a carrier, reinsurer or managing general agent.
- You have experience drafting or reviewing policy wordings, endorsements, insurance binders, surety bonds or insurance-related commercial documentation.
- You enjoy taking ownership of your work and exercising judgement about when to escalate.
- You are commercially minded and able to balance legal risk with practical business outcomes.
- You are intellectually curious and excited by the prospect of learning quickly across a broad range of legal and regulatory topics.
- You see AI as a practical tool for improving legal delivery and are keen to experiment with new tools and workflows.
- You communicate clearly, concisely and confidently, both in writing and in person.
Benefits:
- Employee Share Option Pool
- 25 days’ annual leave plus bank holidays
- Enhanced parental leave
- Cycle to Work and Electric Vehicle schemes
- £100 per year towards a physical challenge of your choice
Legal Counsel in London employer: Bondaval
As a rapidly growing managing general agent based in the vibrant Bermondsey Street area of London, we offer an exciting opportunity for Legal Counsel to join our dynamic team. Our work culture fosters innovation and collaboration, with a strong emphasis on employee growth through diverse responsibilities and exposure to international markets. With benefits like participation in the Employee Share Option Pool and generous annual leave, we are committed to creating a rewarding environment for our employees.
