Senior Wordings and Contracts Specialist – Portfolio Solutions and Structured Solutions

Hiscox; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

A leading insurance company in London is seeking a Senior Wordings and Contracts Specialist to support its Structured Solutions division. This hybrid role involves drafting and negotiating complex insurance documentation, providing guidance on regulatory considerations, and training teams on contractual matters. Ideal candidates have at least five years of experience in the Lloyd's Market and possess strong communication skills. A commitment to diversity and a flexible working environment are key aspects of this opportunity.

Qualifications

• Minimum five years' experience in Lloyd's Market.
• Experience in structured (re)insurance solutions preferred.
• Ability to explain technical points clearly.

Responsibilities

• Draft and negotiate structured insurance policy documentation.
• Partner with underwriters to ensure contracts capture commercial terms.
• Lead training on key contractual and regulatory considerations.

Skills

Knowledge of (re)insurance contracts

Excellent written and verbal communication

Understanding of regulatory considerations

Commercial mindset

Ability to engage external counsel

Teamwork and collaboration

Education

Law degree or legal experience

Degree in a suitable subject or insurance qualifications

Job description

Build a brilliant future with Hiscox

Job Type: Permanent

Role : Senior Wordings and Contracts Specialist – Portfolio Solutions and Structured Solutions

Reports to : Head of Wordings

Location : London (hybrid)

As an international specialist (re)insurer we are far removed from the world of mass insurance products and instead selectively focus on key areas of expertise and strength, which is underpinned by a culture that encourages us to challenge convention and always look for a better way.

We prioritise the principle of doing what we say we will, as we are defined by our strong moral fibre. Insuring the unique and interesting, our search for talent is the same. We empower our people to think creatively, challenge the status quo and approach challenges with flair and creativity. This results in us being able to provide the type of insurance solutions which are often too complex for other insurance companies, as we find a way when others give up.

If you thrive in a challenging and collaborative environment, where you are trusted to work instinctively and know the company will stretch you to your full potential, then look no further.

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 – that is to lead the proposition for Structured Solutions, and provide support across the remainder of the division and lines where required.

What you’ll be doing in the role

Structured Solutions :

• Draft, review and negotiate structured (re)insurance policy documentation, thereby ensuring clarity, accuracy and alignment with commercial intent.
• Draft, review and negotiate ancillary documents including NDAs, parental guarantees and letter 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 that is 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.

Across Portfolio Solutions and the rest of HLM :

• Working with underwriters to guide our responses on matters of coverage and regulation during the risk placement process.
• Maintaining and developing our internal wordings resources and repositories.
• Promoting technical knowledge through the learning and development of our underwriters on contractual matters.
• Ensuring we implement our underwriting standards and controls when issuing contracts.
• Representing Hiscox at market level to provide solutions to emerging risks and legal developments.
• Embracing a truly international book of business. We work closely with our colleagues in Europe and the USA meaning the work offers good 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 which can blend 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 in a clear and precise manner.
• The ability to recognise when speciality 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 working 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 which involves an element of reviewing and preparing legal contracts.
• Admitted as a Solicitor or Barrister in England and Wales, ; any familiarity with New York law is advantageous.
• A degree in a suitable subject or insurance qualifications

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

Apply now for further information

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