At a Glance
- Tasks: Join our team to provide top-notch legal support in a dynamic insurance environment.
- Company: Munich Re is a leading global reinsurance provider, committed to innovation and client success.
- Benefits: Enjoy 25 days annual leave, private medical insurance, and a generous pension scheme.
- Other info: We embrace diverse backgrounds and encourage all applicants to apply.
- Why this job: Be part of a culture that values diversity, collaboration, and continuous learning.
- Qualifications: Qualified Solicitor with at least 2 years PQE in relevant law fields required.
The predicted salary is between 36000 - 60000 £ per year.
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 adaptablestrategy, 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.
Legal CounselWe 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.
- To provide legal support to the business in contentious matters including non-claims litigation and investigations.
- Advice and assist compliance team on regulatory matters and sanctions matters.
- To 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.
- To collaborate with other UK based legal teams within the Munich group aligned with functional organisational activity.
- To advise on commercial and corporate contract issues to include optimising approach to intra-group agreements and third party service contracts.
- To provide training, develop template contracts and share relevant knowledge across the business and or (other) legal function.
- To 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).
- English or any other common law qualified lawyer 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 & InclusionAt 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
#BePresent #BeBold #BeCurious
#J-18808-Ljbffr
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel in London
✨Tip Number 1
Familiarise yourself with the specific legal frameworks and regulations that govern the insurance and reinsurance sectors in the UK. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals already working in the insurance and legal fields. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at Munich Re.
✨Tip Number 3
Prepare to discuss your previous in-house experience and how it relates to the role. Be ready to share specific examples of how you've successfully navigated complex legal issues or contributed to team projects in a fast-paced environment.
✨Tip Number 4
Showcase your ability to collaborate effectively by highlighting past experiences where you worked with diverse teams. Emphasise your skills in building strong client relationships, as this aligns with Munich Re's focus on client-centric solutions.
We think you need these skills to ace Legal Counsel in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in legal counsel, particularly in drafting and negotiating commercial contracts. Emphasise any in-house experience you have, especially within the insurance or financial sectors.
Craft a Compelling Cover Letter:Your cover letter should reflect your understanding of the role and the company. Discuss how your skills align with their needs, particularly in areas like legislative compliance and client relationship management. Use specific examples to demonstrate your capabilities.
Showcase Legal Research Skills:In your application, mention your legal research skills explicitly. Provide examples of how you've successfully conducted legal research in previous roles, particularly in relation to business and commercial law.
Highlight Soft Skills:The role requires collaboration and client focus. Make sure to include examples of how you've worked effectively in teams and built strong relationships with clients. This will show that you can thrive in their collaborative environment.
How to prepare for a job interview at Munich Re
✨Know Your Legal Stuff
Brush up on your knowledge of English law, especially in relation to insurance and commercial contracts. Be prepared to discuss specific legal concepts and how they apply to the role.
✨Showcase Your Drafting Skills
Be ready to provide examples of contracts or legal documents you've drafted in the past. Highlight your experience with supplier agreements, NDAs, and any relevant insurance documentation.
✨Demonstrate Collaboration
Emphasise your ability to work within a team and collaborate with various stakeholders. Share examples of how you've successfully partnered with clients or colleagues to achieve common goals.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's legal challenges and how the role contributes to their objectives. This shows your genuine interest and understanding of the business context.
