The Role
The Wordings Specialist will lead drafting, negotiation and governance of treaty reinsurance and retrocession contracts. With deep technical expertise and a strategic mindset, you will serve as the primary advisor to brokers, clients and legal teams on complex reinsurance wordings. You'll lead initiatives to improve consistency, drive operational excellence, and ensure contracts align with business objectives and evolving regulatory landscapes.
Key Responsibilities
* Lead the negotiation and drafting of bespoke, complex treaty reinsurance wordings.
* Act as a centre of excellence for treaty wordings, setting standards and best practices across the organisation.
* Support future recruitment of Reinsurance Treaty Wording Specialists to build a team of skilled individuals in line with business requirements.
* Represent the company at industry forums, regulatory consultations, and LMA working groups as appropriate.
* Manage stakeholder engagement across production, placement support, claims, legal and compliance.
* Own and maintain a repository of templates and clauses to ensure consistency of standards across lines of business and territories.
* Monitor legal and market developments, assess impact, and embed regulatory requirements in wordings strategy.
* Drive continuous improvement initiatives throughout the contract lifecycle.
* Comfortable working in a fast-paced, dynamic environment
* Committed to maintaining high standards and fostering a culture of excellence
About You
* Proven experience in treaty reinsurance wordings within the London Market and Internationally. This could be from working for a reinsurance broker or underwriter.
* Proven ability to lead negotiations and drive contract certainty in cross-border and multi-class programs.
* Ability to produce bespoke treaty reinsurance wordings from scratch.
* Ability to analyse existing or renewal wordings and make recommendations for improvement and identify any gaps in coverage and potential solutions by applying real claims scenarios.
* Strong knowledge of regulatory frameworks (including FCA requirements), and contract law.
* Meticulous attention to detail coupled with commercial awareness.
* Strong verbal and written communication skills
* Strong stakeholder management and interpersonal skills
* Ability to motivate teams to deliver high-performance results
About Willis Re
We combine specialist broking with analytics, modeling and research to help insurers optimize risk transfer, strengthen balance sheets and achieve sustainable growth. Our approach is relationship-driven, transparent and outcome-focused.
At the heart of Willis Re is a focus on delivering the most cutting-edge analytical solutions to enable more informed, better decision-making for risk selection, portfolio optimization, and capital management.
The launch of Willis Re brings a strategic advantage of being unhindered by legacy, an ability to leverage data, statistical models and advanced technologies with the best knowledge and expertise to deliver more efficient and effective reinsurance outcomes. This places Willis Re in a unique position to build a truly analytically driven business, focused on creating solutions for the reinsurance industry that are future led and forward thinking.
Willis Re will also leverage recognized technical expertise from WTW's Insurance Consulting & Technology business including their advanced modeling and analytical capabilities. Alongside this will be WTW's Research Network, an award-winning business supporting and influencing science to improve the understanding and quantification of risk.