Senior Legal Counsel

London, England, United Kingdom

12/20/2024

Company

Munich Re Specialty - Global Markets

Location

London , United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About Us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Senior Legal Counsel

Hybrid working – Commutable distance to London, Manchester or Birmingham local office.

As a Senior Legal Counsel of the Munich Re Specialty- Global Markets Legal Team, you will be a trusted advisor to the business on cross-disciplinary legal issues within the MRSG Group, focused on overseeing legal matters specific to the European region, and managing legal risks in European business operations. This includes strategic projects, distribution and partnership contracts, underwriting, corporate structure and commercial contracts, regulatory and compliance support.

As a senior member of the team, you have the ability to work autonomously but thrive in a team environment, including through supporting, mentoring and developing other members of the team.

Responsibilities

• Advise the Lloyd’s managing agent Munich Re Syndicate Limited, on business written by Lloyd’s Syndicate 457 as well as by Syndicate 5306on behalf of Lloyd’s Europe
• Advise MRS GM’s network of service companies in the UK, Europe (specifically Ireland, Spain, Germany), APAC and MENA regions.
• Support the business on strategic project work and commercial transactions. incl. providing advice to the business, committees and C-suite as required, engaging with key business stakeholders at all levels of the organisation as well as internationally to deliver on global goals.
• Provide legal advice to the CEO and Exco members to support Head of Primary Specialty with a key focus on establishing and supporting the business.
• Give advice on related matters such as corporate structure, governance, the establishment of new products and services, press and marketing as well as identifying any significant legal exposures, provide legal updates to the business.
• Provide legal advice around EU Law and Regulatory Framework on Insurance distribution, as well as, considering Irish, Spanish, and German regulatory requirements.
• Routinely managing external counsel instructions on matters of English, Irish, and Spanish insurance law, corporate law, general contract law, tax law, and other legal issues relevant to entering European markets.
• Regular coordination and liaison with other members of the MR Primary Specialty Group globally.
• Advise on and co-ordinate provision of advice on (re)insurance law issues including wordings, delegation and distribution contracts.
• Deliver expert advice in commercial and corporate contract issues to include optimising approach to intra-group structure and third-party service provision and contracts.
• Provide strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts.
• Work with and support Compliance, Risk, Corporate Secretarial, and Data Protection functions and external legal counsel to ensure compliance with local law, regulation, and Munich Re policies.
  
  
  

Knowledge And Skills

• English qualified Lawyer PQE (Law degree/GDL/LPC)
• Experience working in-house.
• Background and specialisation in insurance law. Good understanding and experience working with the insurance industry
• Comprehensive understanding of legislative, regulatory and competitive environment in the insurance industry.
• Experience of both Lloyd’s market (UK and Europe) and company market insurance
• M&A experience.
• Familiarity with the impact of European law and regulatory framework on insurance distribution is required. Understanding of CBI regulatory framework is desirable.
• Experience working in an international and multicultural environment, preferably within the European Economic Area.
• Excellent communication skills; ability to gain the confidence of senior business stakeholders and peers.
• Commercial awareness and experience balancing commercial opportunity with corporate risk.
  
  
  

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

Push Boundaries. With us. | Munich Re