Legal Counsel

Opportunity Overview: Legal Counsel at Munich Re Specialty

Munich Re Specialty – Global Markets (MRS-GM) is seeking a highly skilled and motivated Legal Counsel to join its team on a full-time, permanent basis. This position is open to candidates looking to work out of either their London or Manchester offices, offering a flexible hybrid working model of 2 to 3 days per week from the office. The role is designed for an experienced professional who will act as a trusted advisor to the business, providing cross-disciplinary legal expertise across the UK and London specialty insurance markets.

Key Responsibilities

• Legal Advisory: Advise on complex (re)insurance law issues, including wordings, delegation, and distribution contracts.
• Product Support: Assist commercial and product teams with wordings and governance processes, including regulatory considerations for new products and emerging areas.
• Regulatory & Compliance: Provide guidance to the compliance team on complex regulatory and sanctions matters.
• Litigation & Disputes: Advise on contentious matters, including non-claims litigation and investigations.
• Collaboration: Work closely with Munich Re Corporate Underwriting and other group lawyers to ensure alignment with group-wide guidelines and policies.
• Training & Templates: Develop template contracts and deliver training to share legal knowledge across the business.

Eligibility Criteria

To be considered for this role, candidates must meet the following requirements:

• Professional Qualification: Must be a qualified lawyer in England or another common law jurisdiction. Dual or additional legal qualifications are considered advantageous.
• Experience: 5 to 6 years of Post-Qualification Experience (PQE) in private practice specializing in insurance. In-house experience is welcome but not mandatory.
• Industry Knowledge: A comprehensive understanding of and experience working within the UK insurance industry and Lloyd's is essential. Experience in the European insurance market is a plus.
• Academic Background: Minimum of a 2:1 undergraduate degree. If a conversion course was taken, at least a commendation is required.
• Skills: Strong drafting, negotiation, research, and communication skills, with a commercial mindset and the ability to work collaboratively.

Benefits and Compensation

Munich Re Specialty offers a highly competitive benefits package, which includes:

• 25 days of annual leave plus bank holidays.
• A 10% non-contributory pension scheme.
• Eligibility for an annual performance-based bonus.
• Private medical and dental insurance.
• Critical illness insurance, life assurance, and permanent health insurance.
• Study and continuing professional development (CPD) support.
• Electric Vehicle Salary Sacrifice Scheme and IT home set-up support for hybrid working.

Application Process

Interested candidates can apply directly through the official LinkedIn job posting. Munich Re is committed to diversity, equity, and inclusion, and candidates requiring reasonable adjustments during the recruitment process are encouraged to request them through their Talent Acquisition contact.