Sr. Reinsurance Contract Wordings Specialist

Sr. Reinsurance Contract Wordings Specialist

New York

Who We Are

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $2.7 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.

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Join Our Team  

As our Sr. Reinsurance Contract Wordings Specialist, you will provide contract wordings, advice, and guidance to support the risk appetites, aspirations and growth plans of SiriusPoint.  This includes reviewing, drafting, and negotiating contract wordings to ensure alignment with SiriusPoint's strategic objectives and appetites, promoting consistency across product lines and platforms, and delivering best practice reviews to empower underwriters and ensure compliance with the company's risk appetite, legal, and regulatory requirements.  You will report to the Associate General Counsel, Head of P&L Support within Legal & Compliance.

Your responsibilities will include:

• Review, draft, and negotiate inwards treaty reinsurance and retrocession contract wordings to ensure alignment with SiriusPoint's strategies and appetites.
• Promote consistency in wordings across product lines and platforms, in conjunction with client and business segment strategies.
• Deliver best practice and minimum standard reviews to empower underwriters, ensuring compliance with the company's risk appetite, legal, and regulatory requirements.
• Assist in the review and drafting of outwards reinsurance and internal reinsurance contracts.
• Develop and maintain SiriusPoint’s library of preferred clauses and language for both inwards and outwards reinsurance contracts.
• Stay updated on insurance/reinsurance rulings, legal, regulatory, and emerging issues, modifying or creating new wordings as necessary.
• Communicate and collaborate with other business areas, including underwriting, pricing, claims, legal, finance, and compliance.
• Investigate opportunities to enhance team workflow, contract review, and reporting capabilities.
• Drive process improvement and innovation.
• Develop specialized knowledge of particular lines of business or structures.
• Update standard contract templates and draft reinsurance contracts, endorsements, and agreements based on corporate standards and client clauses.
• Analyze contract provisions, identify non-standard wording, and suggest alternatives.
• Review market-produced reinsurance contracts against corporate standards and agreed terms.

United behind common goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class insurer and reinsurer utilizing deep risk capabilities to protect our customers. Blending our talent, expertise and data to provide intelligent risk solutions.

Our culture is one of performance and accountability. Our people are our experts and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.

Our Values are at the heart of our business, and which guide every day actions and decision making.