Introduction
Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.
We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
Overview
Are you passionate about precision in contract drafting and eager to make your mark in the dynamic world of reinsurance? Gallagher Re is seeking a talented Contract Wordings Specialist to lead our efforts in crafting, reviewing, and negotiating contracts for our Aerospace and Specialty Lines Reinsurance. This is an exciting new role where you'll be at the forefront of ensuring our contracts are not only accurate and compliant but also strategically valuable.
Why This Role?
- Innovative Impact: As a key player in our team, you'll have the opportunity to shape the future of our reinsurance contracts, particularly focusing on Aviation and Specialty Lines. Your work will ensure that our contracts are clear, legally robust, and aligned with market standards and regulatory requirements.
- Strategic Collaboration: You'll work closely with our highly experienced broking teams and valuable clients to determine unique value propositions for proposals, enhancing our offerings to both prospects and existing clients.
How you'll make an impact
- Contract Development and Review:
- Lead the drafting, review, and negotiation of proportional and non-proportional reinsurance contracts, with a focus on aviation and specialty lines risks
- Engage and align with market practices to develop bespoke clauses for treaties and facultative placements
- Amend and update contract wordings to meet underwriting requirements and adapt to regulatory changes
- Compliance and Risk Management:
- Ensure all contracts adhere to applicable laws, regulations, and industry standards (e.g., LMA, IUA)
- Identify and mitigate potential ambiguities, risks, or conflicts within contracts
- Collaboration:
- Liaise with broking, claims, actuarial, and legal teams to ensure wordings reflect commercial intent
- Collaborate with brokers, reinsurers, and external legal counsel during negotiations
- Market Expertise:
- Stay informed on aviation and specialty lines reinsurance market trends, emerging risks, and regulatory developments
- Provide technical advice on aviation-specific reinsurance wordings to internal teams and clients
- Training and Development:
- Contribute to the development of best practices and internal guidelines for contract wordings
- Mentor junior staff and provide training on reinsurance terminology and aviation/specialty lines specific clauses
- Operational Excellence:
- Drive the maintenance of accurate records of contract versions and approval processes.
- Ensure timely delivery of finalised wordings to relevant stakeholders
About You
Experience and Knowledge
- Proven experience in handling contract wordings in a similar role within the insurance industry or a related field
- Strong understanding of global reinsurance regulations and compliance requirements
- Specialist knowledge of aviation and specialty lines reinsurance is desirable
- Experience with facultative and treaty reinsurance wordings is desirable
- Professional qualifications such as ACII or equivalent are desirable
Skills
- Keen ability to identify and address ambiguities or inconsistencies in contracts.
- Proficient in evaluating complex risks and aligning contract terms accordingly.
- Excellent written and verbal communication skills to convey complex terms clearly and effectively.
- Confidence in negotiating terms with both internal and external stakeholders.
- Strong ability to manage multiple contracts simultaneously while meeting tight deadlines.
Compensation and benefits
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.
Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:
- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
- Defined contribution pension scheme, which Gallagher will also contribute to
- Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
- Income protection, we’ll cover up to 50% of your annual income, with options to top up
- Health cash plan or Private medical insurance
Other benefits include:
- Three fully paid volunteering days per year
- Employee Stock Purchase plan, offering company shares at a discount
- Share incentive plan, HMRC approved, tax effective, stock purchase plan
- Critical illness cover
- Discounted gym membership, with over 3,000 gyms nationally
- Season ticket loan
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase
- Emergency back-up family care
- And many more…
We value inclusion and diversity
Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.
Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.
Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.
We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.
Should you require reasonable adjustments to your application, please get in touch with TAGlobalSupport@ajg.com . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.
Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.
Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.
Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
