• Coverage Specialist - Financial and Professional Services

    Requisition ID 2447005
    Job Family GB-London
  • Posting Description

    2447005 - Coverage Specialist (Financial and Professional Services), (1 x London and 1 x Chelmsford, UK)

     

    We’re hiring!

     

    This is an exciting opportunity in a busy and dynamic team working within the heart of Aon’s global broking business.  It will provide great all round commercial and technical insurance experience to the successful candidate and exposure to broking, claims, training and client development.  It is likely to suit someone who is looking to use their legal skills and qualifications in a multi-faceted commercial context, as an alternative career path to working in legal private practice.   

     

    Aon is recruiting a Coverage Specialist to join our Financial and Professional Services (“F&PS”) team within Aon’s Global Broking Centre, in London and Chelmsford.  They would be reporting to Ed Smerdon.  The Coverage Specialist will be primarily responsible for drafting, negotiating and improving a variety of financial lines insurance contracts for F&PS clients, with a particular emphasis on PI, FI, D&O and Crime.  They will also assist the Claims Team in resolving complex issues on coverage of claims and provide an extra layer of claims support for F&PS major clients.  It is a client facing role and there would be opportunities for exposure to Aon’s major clients.  The role also involves E&O prevention, internal training on legal issues, and liaison with our insurer trading partners on common themes, wordings and clauses.   

     

    About Aon

     

    Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

     

    Aon is an equal opportunities employer.  Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.

     

    Global Broking Centre - London

     

    The Global Broking Centre in London is an integral part of Aon’s global broking strategy. The GBC provides colleagues from across the Aon network with access to specialist brokers and client managers, dedicated client solutions and thought leadership, and significant global insurance capacity.

     

    The GBC works with network colleagues to deliver market-leading solutions to Aon clients, creating a competitive advantage in our placement strategies worldwide.

     

    About the Role

     

    Your impact as a Coverage Specialist:

     

    Insurance contract drafting and updating reviews for new and renewal D&O, FI, PI, D&C, EPL, PTL, Cyber, TLU and Crime insurance products, identification of drafting issues and wording improvements on recently won contracts

    Analysis of coverage issues in complex claims, supporting the Claims Team

    Working with major clients and our brokers on contract renewals, including negotiations with insurers and advising clients on the products

    Improving and updating Aon proprietary forms and be-spoking insurer forms for our clients

    Briefing and meetings with clients’ legal advisors

    Participating in tenders, including drafting and presenting at tenders and pitches

    Participating in cross departmental projects as may from time to time be specified by senior management

     

    Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.

     

    About you

     

    Your knowledge and expertise:

     

    Required:

    Proven experience working as a qualified UK Solicitor in a law firm or in house (or equivalent in a common law jurisdiction)

     

    Advantageous:

    Insurance coverage experience in financial lines

    Litigation and/or claims experience

    Experience in drafting, negotiating or reviewing Insurance contracts and documentation

    Some public speaking experience and/or a second language an advantage

     

    Salary and Benefits

     

    This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday.  We also offer tremendous potential with a growing worldwide organisation.

     

    Our Colleague Experience

     

    Every day, our colleagues make a difference, work with the best, own their potential, and value one another. Together, we share this one purpose: to empower economic and human possibility around the world. This unifying goal is at the heart of our identity, and it lives in everything we do. To learn more about our colleague experience, visit Aon Colleague Experience.

     

    We’re happy to talk flexible working. If you need to flex your working pattern, Aon offers flexible and agile working policies and we’re happy to discuss options with you upon application

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