At a Glance
- Tasks: Collaborate with underwriters and brokers to create clear, effective contract wordings.
- Company: Join a leading insurance firm with a focus on innovation and teamwork.
- Benefits: Enjoy a hybrid working model for flexibility and collaboration.
- Other info: Opportunity for career growth in a dynamic and supportive environment.
- Why this job: Make a real impact in the insurance industry with your expertise in contract drafting.
- Qualifications: Experience in the Lloyd’s Market and strong contract drafting skills required.
The predicted salary is between 60000 - 80000 £ per year.
The Contract Wordings Specialist will support the Casualty line of business by working closely with Casualty underwriters, claims colleagues, brokers and business partners to develop clear, commercially effective and technically robust contract wordings. This high-impact role involves regular interaction across underwriting, claims, legal, compliance and external market stakeholders.
Responsibilities
- Partner with Casualty underwriters to provide practical guidance on coverage, contract certainty, wording development during the risk placement process and regulatory considerations across multi-jurisdictional business, including US surplus lines and non-admitted risks.
- Draft, review and negotiate contract wordings, endorsements and clauses for casualty risks, ensuring they are clear, commercially appropriate and aligned to underwriting intent.
- Support new and existing product development by advising on wording structure, coverage implications and legal risk management.
- Maintain and develop internal wordings resources, clause libraries, templates and repositories to promote consistency and efficiency across the Wordings team and the business areas it supports.
- Provide technical guidance notes, training and knowledge-sharing for underwriters and other stakeholders on contractual matters and emerging casualty issues.
- Represent Hiscox in relevant Lloyd’s and London Market forums, contributing to market-level thinking on emerging risks, legal developments and wording solutions.
- Collaborate with colleagues across Hiscox, including Europe and the USA where relevant, to support an international book of business.
Qualifications
- Experience in the Lloyd’s Market, gained in casualty, liability, cyber and financial lines on an open market or delegated authority basis.
- Strong contract drafting capability, excellent attention to detail and a sound understanding of insurance policy construction.
- Commercial understanding of insurance products and the value clear, well-constructed wordings bring to customers, brokers and underwriters.
- Confidence to make decisions on coverage, explain the reasoning clearly and evaluate the materiality of technical points.
- Ability to lead and facilitate technical discussions with underwriters, claims colleagues, brokers and legal or compliance partners.
- Inquisitive, high-performing individual with a solutions-focused approach and the ability to work effectively both independently and as part of a team.
- Strong organisational skills, with the ability to manage competing priorities and support multiple live placement, product and governance matters.
Nice to Have
- A law degree, legal qualification or legal experience involving the review, drafting or negotiation of commercial contracts.
- Familiarity with Lloyd’s, LMA or other London Market wording standards, model clauses and market guidance.
- General non-marine insurance and reinsurance market background and knowledge of market issues.
- Diploma in Insurance, Chartered Insurance Institute (CII) qualification, or above.
Benefits
- Hybrid working model to balance structure, collaboration and flexibility.
Contract / Wordings Specialist in London employer: Hiscox Underwriting Group Services Ltd (HUGS)
Hiscox is an exceptional employer, offering a dynamic work environment where the Contract Wordings Specialist can thrive. With a hybrid working model that promotes flexibility and collaboration, employees benefit from a culture of continuous learning and professional growth, alongside opportunities to engage with industry leaders in the Lloyd’s and London Market. The company values clear communication and innovative thinking, making it an ideal place for those seeking meaningful and rewarding careers in the insurance sector.
Contact Details:
Hiscox Underwriting Group Services Ltd (HUGS) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Contract / Wordings Specialist in London
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We think you need these skills to ace Contract / Wordings Specialist in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
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Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hiscox Underwriting Group Services Ltd (HUGS).
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How to prepare for a job interview at Hiscox Underwriting Group Services Ltd (HUGS)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox Underwriting Group Services Ltd (HUGS) to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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Understanding Hiscox Underwriting Group Services Ltd (HUGS)'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
