At a Glance
- Tasks: Provide legal advice on insurance law and support business operations.
- Company: Join Munich Re, a leader in specialty insurance with a supportive culture.
- Benefits: Enjoy 25 days leave, private medical insurance, and hybrid working options.
- Other info: Diversity and inclusion are at our core; we welcome all applicants.
- Why this job: Make an impact in a dynamic environment while developing your legal expertise.
- Qualifications: Qualified lawyer with 3+ years in insurance law; in-house experience is a plus.
The predicted salary is between 55000 - 65000 £ per year.
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.
We are looking for a Legal Counsel to join our London City or Manchester office on a full‑time basis with hybrid working. As a member of the Munich Re Specialty - Global Markets Legal Team you will act as trusted advisor to the business on cross‑disciplinary legal topics across MRS‑GM. This includes advice on distribution contracts, underwriting, wordings, (re)insurance, service contracts, regulatory and compliance support and assisting the business with day‑to‑day legal questions on a broad range of other subjects. In addition, project work (including on strategic projects) might be required from time to time.
You will have excellent technical capability in (re)insurance law, including regulatory law, (re)insurance coverage, and experience in negotiating Lloyd’s and Company market wordings/clauses and contracts spanning a wide range of property and casualty and specialty lines of business. You will be comfortable working autonomously on non‑complex standard matters and be open to working on complex matters with guidance from, or in conjunction with, Legal team colleagues.
Responsibilities
- Advise on (re)insurance law issues 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 legal support to the business in contentious matters including non‑claims litigation and investigations.
- Advise and assist compliance team on regulatory matters and sanctions matters.
- Provide legal support to MRS‑GM’s distribution channels including international offices and in relation to Lloyd’s Europe and (occasionally) to the MRS‑GM European Hub and regional network.
- Work with Munich Re Corporate Underwriting and other Munich‑based lawyers to ensure all relevant group guidelines are understood and implemented across MRS‑GM.
- Maintain wordings and processes in accordance with group wide policies.
- Collaborate with other UK based legal teams within the Munich group aligned with functional organisational activity.
- Advise on commercial and corporate contract issues to include optimising approach to intra‑group agreements and third party service contracts.
- Provide training, develop template contracts and share relevant knowledge across the business and or (other) legal function.
- Support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Contribute to enhancing processes aimed at achieving consistency, efficiency gains, and streamlined provision of legal advice (including appropriate use of AI).
Knowledge And Skills
- English or any other common law qualified lawyer 3+ years PQE with experience in private practice (insurance). Inhouse experience is welcome but not essential.
- Background and specialisation in insurance and insurance regulatory law.
- Comprehensive understanding of and experience working with the UK insurance industry and Lloyd’s is essential.
- Research and analysis - ability to provide complete and comprehensive research whilst delivering crisp, targeted and on‑point analysis in a fast‑paced environment.
- Strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts.
- Comprehensive understanding of legislative, regulatory, and competitive environment including consumer products.
- Commercially aware and strong business understanding.
- Focus on efficiency and timeliness with timely delivery of work products whilst maintaining a clear, proactive communication on timelines, dependencies, and expected completion dates.
- Strong communication (in writing and face‑to‑face), presentation and negotiation skills.
- Able to communicate effectively with internal and external stakeholders (in particular underwriters).
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.
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
Legal Counsel employer: Munich Re Specialty - Global Markets, UK
Munich Re Specialty in Greater London is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. With a strong focus on employee growth, the company provides ample opportunities for professional development and leadership within the Capital Team. The hybrid working model enhances work-life balance, making it an attractive place for those seeking meaningful and rewarding employment.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel
✨Tip Number 1
Network like a pro! Reach out to connections in the insurance and legal sectors, especially those who work at Munich Re. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of (re)insurance law and the latest trends in the industry. Show us you’re not just a legal whiz but also someone who’s curious and engaged with the business landscape.
✨Tip Number 3
Practice your negotiation skills! You’ll need to demonstrate your ability to handle complex matters, so role-play scenarios with a friend or mentor to build confidence and refine your approach.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in being part of our team at Munich Re.
We think you need these skills to ace Legal Counsel
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Legal Counsel role. Highlight your experience in (re)insurance law and any relevant projects you've worked on. We want to see how your skills align with our needs!
Showcase Your Skills:Don’t just list your qualifications; demonstrate them! Use specific examples to illustrate your strong drafting and negotiation skills, as well as your ability to provide crisp, targeted analysis. This will help us see you in action.
Be Authentic:We value authenticity, so let your personality shine through in your application. Share your passion for the insurance industry and how you can contribute to our culture of being present, bold, and curious.
Apply Through Our Website:For the best chance of success, apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Legal Stuff
Make sure you brush up on your (re)insurance law knowledge, especially around regulatory considerations and wordings. Be ready to discuss specific cases or examples where you've successfully navigated complex legal issues in the insurance sector.
✨Show Your Collaborative Spirit
Since this role involves working with various teams, highlight your experience in collaborating with different departments. Share examples of how you've effectively communicated legal advice to non-legal stakeholders, ensuring everyone is on the same page.
✨Be Prepared for Scenario Questions
Expect questions that put you in hypothetical situations related to contentious matters or compliance issues. Think through how you would approach these scenarios, demonstrating your analytical skills and ability to provide clear, actionable advice.
✨Emphasise Your Adaptability
The job requires a mix of autonomy and teamwork, so be ready to discuss how you've adapted to different working styles. Share instances where you've taken initiative on standard matters while also seeking guidance on more complex issues, showcasing your flexibility.
