Job Description – Reinsurance Contracts Expert [Mumbai, India]
Head of P&C; Reinsurance Contracts, Asia Pacific is seeking a regional Reinsurance contract wordings counsel / expert to join our team supporting Swiss Re's property and casualty ("P&C;") reinsurance business in the India region. Primary responsibilities include drafting and review of (re)insurance contract wordings, advising on contract related matters, and engaging with internal and, at times, external clients to negotiate and finalize the terms of reinsurance contracts, as well as supporting the Head of P&C; Reinsurance Contracts to manage contract risks in reinsurance portfolio. This position will be based in Mumbai.
About the team
P&C; Contracts is part of Underwriting Excellence in Property & Casualty Reinsurance. It is responsible for ensuring Swiss Re (re)insurance agreements comply with underwriting and contracts standards.
In P&C; Contracts, you will join a highly engaged global team of approximately 40 legal / claims / underwriting experts and specialists who support all Lines of Property, Casualty,
and Specialty business. Primary responsibilities of our Contracts Function include drafting and review of (re)insurance wordings, advising on contract related matters and engaging with internal and external clients to negotiate and finalize the terms of reinsurance contracts as well as the further development of our tool landscape and wording analytics.
Core responsibilities of the Reinsurance Contracts Expert / Counsel are:
Independently draft and critique (re)insurance contracts, binders, slips, endorsements and related documents to align written agreements with business intent and corporate requirement.
Perform portfolio analysis and provide insights on trends related to contract risks, in reliance on Swiss Re contracts systems and database.
Align reinsurance contracts with applicable law, regulations and internal requirements.
Coordinate, communicate and participate in development of corporate poli