Senior Wordings and Contracts Specialist – Portfolio Solutions and Structured Solutions in London

Location: London (hybrid)

Business Area: Hiscox is a diversified international insurance group. As part of the group, Hiscox London Market (HLM) predominantly insures unusual and larger global risks. HLM operates in the following lines of business:

• Casualty (directors & officers’ liability, general liability, cyber risks)
• Marine, Energy and Speciality (marine hull and cargo, marine & energy liability, renewables and upstream oil and gas)
• Property (commercial/household, major property, flood)
• Crisis Management (personal accident, terrorism, political violence, K&R)
• Portfolio Solutions (Managing General Agents, Structured Solutions) from 1st January 2026.

The Role: We wish to add a senior wordings and contracts specialist to our team, reporting to the Head of Wordings. The role will support the Portfolio Solutions division – leading the proposition for Structured Solutions and providing support across the remainder of the division and lines where required.

What you’ll be doing in the role:

• Draft, review and negotiate structured (re)insurance policy documentation, ensuring clarity, accuracy and alignment with commercial intent.
• Draft, review and negotiate ancillary documents including NDAs, parental guarantees and letters of credit.
• Ensure documentation meets Lloyd’s requirements and reflects best practice across the market, wording closely with other lines of business.
• Partner with underwriters to ensure (re)insurance contracts fully and accurately capture agreed commercial terms.
• Provide clear guidance on regulatory, compliance and contractual considerations relevant to the transaction being executed.
• Proactively identify potential wording or contractual challenges and pre‑emptively implement workable solutions.
• Support innovation by developing template wordings tailored to structured (re)insurance solutions.
• Contribute to training and knowledge‑sharing within the underwriting team on key contractual and regulatory considerations.

• Work with underwriters to guide responses on coverage and regulation during the risk placement process.
• Maintain and develop internal wordings resources and repositories.
• Promote technical knowledge through the learning and development of underwriters on contractual matters.
• Ensure implementation of underwriting standards and controls when issuing contracts.
• Represent Hiscox at market level to provide solutions to emerging risks and legal developments.
• Embrace a truly international book of business, working closely with colleagues in Europe and the USA for variety.

The person: Our must haves:

• Knowledge and experience of (re)insurance contracts or structured (re)insurance contracts, the (re)insurance industry, customs and practices preferably gained in-house within a (re)insurance company or broking environment.
• A strong understanding of regulatory and contractual considerations in multi‑jurisdictional insurance transactions, and the ability to demonstrate deep knowledge of US surplus lines and other non‑admitted business.
• A “commercial” mindset that blends legal and regulatory requirements into any given business scenario.
• Excellent written and verbal communication skills, with the ability to explain technical points to underwriters, brokers and clients clearly and precisely.
• The ability to recognise when special input is required and engage external counsel effectively.
• Confidence to make decisions on coverage and the ability to advocate the logic involved to build consensus.
• The ability to work well both individually and in teams, including with brokers and clients directly.
• A minimum of five years’ wordings, underwriting support or technical underwriting experience gained in the Lloyd’s Market either through Reinsurance, ILS or Structured (Re)insurance solutions / Alternative Risk Transfer.

Nice to have:

• Law degree or legal experience involving review and preparation of legal contracts.
• Admitted as a Solicitor or Barrister in England and Wales; familiarity with New York law is advantageous.
• A degree in a suitable subject or insurance qualifications.

Diversity and Hybrid working: Hiscox is committed to diversity and an inclusive culture. Hybrid working is set by the team to enable personal work‑life balance, combining structure and sociability with independence and flexibility.