Senior Legal Counsel, Alternative Risk Transfer (ART)

Job title:

Senior Legal Counsel, Alternative Risk Transfer (ART)

Company:

Allianz

Job description

Allianz Commercial’s dedicated Alternative Risk Transfer (ART) team is growing its presence in London, to improve further our delivery of personalized solutions for our clients as they manage, control and reduce risk. These solutions include multi-year, multi-line insurance products, as well as fronting and captive reinsurances services.The Impact You Will HaveBased in London and reporting directly to the Head of Deal Legal ART, you will be integrated into the global underwriting teams of the ART Line of Business to co-construct bespoke solutions for our clients. You will work closely with our Structured Insurance team in London and other ART offices in New York and Zurich and will participate in developing cross sell opportunities with other Allianz Commercial business units to provide innovative and complex solutions in a fast changing environment.Some of your specific responsibilities could include:Support the ART business teams in the negotiation and execution of transactions and other deal-related activities and pro-actively manage all relevant legal and regulatory aspects of international transactions, including cross border aspects.Draft and/or review documentation relating to the company’s insurance and reinsurance business (binders, slips, contracts, I&L Agreements, trust agreements, assignments, LOCs, and NDAs) against ART’s internal standards and business requirements.Promote and maintain relationships with brokers and key business partners including participating in regular conference calls/meetings with key clients to obtain feedback on outstanding contract issues.Provide solution-oriented and practical legal advice & support as well as well as functional guidance for management and business teams and monitor legal, regulatory, compliance & internal developments affecting ART business.Actively participate and provide actionable guidance in legal practice group and underwriting meetings for the ART business teams, and perform required legal sign-offs in line with Allianz’s internal standards.Support good governance within the existing UW Governance framework and coach UW community on legal, regulatory and general compliance topics.Manage internal and external customer expectations; anticipate issues and concerns of internal customers and address them proactively and directly.Ensure good knowledge transfer of relevant issues to other members of ART Deal Legal team and Allianz Commercial’s global and local Legal departments, e.g., material developments in laws and best practices.What You’ll Bring to the RoleQualified to practice under English law.At least 10 years’ experience in the London market, with a focus on structuring and documenting insurance and reinsurance transactions (involving multiple legal entities in multiple jurisdictions) under English law and other governing laws commonly used in international (re-) insurance.Excellent understanding of regulatory implications of cross-border insurance transactions and self-procured (non-admitted business), as well as familiarity with the principles of the UK and US regulatory landscape, and European regulations on Insurance Distribution (IDD) and financial instruments (EMIR; MIFID).Experience operating in regulated environments, including an understanding of internal control framework and compliance requirements under the Solvency II framework.Able to work in an international matrix organisation and cross-functional teams.Ability to actively participate in client negotiations; solid understanding of key risk drivers and key economics typical for a complex /reinsurance transaction.Solid business acumen and broad understanding of economic drivers and implications of structured insurance & reinsurance transactions.Strong personality, willingness to contribute beyond owns technical area of expertise.The ability to ensure ethical AI practices and stay updated with emerging AI technologies will be key to maintaining a competitive advantage.75827 | Legal & Compliance | Management | Allianz Commercial | Full-Time | PermanentWhat’s in it for you?Let’s care about everything that makes you, youWe are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.Let’s care for your financial wellbeingWe believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.Let’s care for your opportunities to progressFrom career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.Let’s care for life’s twists and turnsFrom our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.Let’s care for our society and our planetWith opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.Care to join us?Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what’s ahead.Learn more about careers at Allianz Commercial by clicking .Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.People with disabilities:We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please emailCompanyAllianz offers a comprehensive range of insurance and asset management products and services to 85 million customers in more than 70 countries.Insurance Operations
Our product portfolio includes a wide range of Property-Casualty and Life/Health insurance products for both private and corporate customers. We are the leading property-casualty insurer globally and rank among the top five in the life/health insurance business.Most of our insurance markets are served by local Allianz companies while selected business lines are run globally such as Global Corporate Customers, Credit Insurance, Assistance Services, Worldwide Care, Global Automotive and Reinsurance.Asset Management
As of December 31, 2014, with approximately 1,800 billion euros assets under management, we are one of the largest asset managers in the world managing assets with active investment strategies.We run the Asset Management business out of two distinct investment management businesses, PIMCO and Allianz Global Investors (AllianzGI). Both units operate under Allianz Asset Management (AAM).Particular strongholds include the United States, Germany, France, Italy, the United Kingdom and the Asia-Pacific region. As of December 31, 2014, Allianz managed 1,313 billion euros of third-party assets of which the share from institutional clients amounted to 64% while 36% came from retail clients.Company info Telephone +49 89 3800 0000 Location 60 Gracechurch St, London EC3V 0HR
London
United Kingdom
EC3V 0HR
United KingdomShare this jobSave jobClick to add the job to your shortlistYou need to or to save a job.Get job alertsCreate a job alert and receive personalised job recommendations straight to your inbox.© 2011 – 2025 Centaur Media Plc. Powered by Madgex Job Board TechnologyTheLawyer.com Limited
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Expected salary

Location

London

Job date

Wed, 16 Jul 2025 22:48:48 GMT

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