The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
The role
The Wordings Specialist provides technical contract wordings support to underwriting teams across the business. The role focuses on reviewing, drafting and developing policy wordings, endorsements and reinsurance documentation under the guidance of senior members of the Contract Wordings team.
This role is suitable for someone who has developed a foundational understanding of insurance contract wordings and is ready to take on greater responsibility for independent reviews, while continuing to build technical capability across multiple lines of business.
The Wordings Specialist plays an important role in maintaining contract quality, consistency and governance, and in supporting underwriting performance through clear and effective contract drafting.
Key accountabilities
Drafting and reviewing policy wordings, endorsements and reinsurance contracts in line with allocated work and agreed procedures.
Providing clear and accurate contract wordings support to underwriters, escalating complex or novel issues to senior members of the team where appropriate.
Developing and applying a working understanding of key contractual mechanisms including insuring clauses, conditions, exclusions, warranties and limits.
Supporting the development, maintenance and use of clause libraries, model wordings and team guidance materials.
Assisting with post-bind contract sampling, quality assurance activity and remediation of identified issues.
Participating in internal projects to improve wording standards, governance and operational processes.
Contributing to the preparation of training materials and supporting delivery of basic training sessions for underwriters where appropriate.
Building effective working relationships with underwriters, claims, compliance and legal colleagues.
Actively engaging in learning and development through mentoring, feedback and on-the-job training.
Skills & experience
Essential:
Experience working with insurance or reinsurance contract wordings, or in a related technical insurance role.
A developing technical understanding of insurance policy construction and contract drafting principles.
Strong written communication skills with good attention to detail and accuracy.
Ability to organise and prioritise workload effectively.
Confidence to ask questions, seek guidance and escalate issues appropriately.
Ability to work collaboratively with underwriters and other internal stakeholders.
Desirable:
Experience of reviewing or drafting policy wordings or endorsements.
Exposure to multiple lines of business (e.g. aviation, marine, energy, property, contingency, political violence or reinsurance).
Familiarity with Lloyd’s and/or company market practices.
Interest in developing into a specialist technical role within contract wordings.
Other
The Fidelis Partnership Ethos
At The Fidelis Partnership, we aim to be different while making a difference.
We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.
Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.
Diversity, Equity & Inclusion
Diversity & Inclusion in the workplace
Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
We aim to maintain a focus on equal opportunities across all stages of hiring process
We measure and minimise the pay gap where possible.
Bring Your Whole Self to Work
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.
To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact fidelis@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.
