Corporate Insurance Counsel
Our client, a leading, growing, international and award winning speciality carrier are seeking a leading Corporate Insurance Counsel to join their impressive legal team and business.
Position Overview:
Reporting to the Head of Corporate Counsel, the Corporate Counsel, U.S. Insurance will serve as a key member of the U.S. Corporate Legal team, with primary responsibility for contract negotiation and commercial and strategic transactions. This role combines day-to-day transactional legal work with meaningful engagement across the specialty insurance business and requires a trusted advisor who can partner effectively with underwriting, reinsurance, claims, finance, and other internal stakeholders. This is an opportunity to make a significant contribution within a growing organization and to help support the continued development of Ascot U.S.the business.
Responsibilities:
- Serve as a legal partner to insurance and reinsurance businesses, including ceded and captive reinsurance, programs, and claims operations, while supporting underwriting, finance, operations, and other internal stakeholders as needed.
- Draft, review, and negotiate a broad range of commercial agreements, including producer and distribution agreements, TOBAs, vendor contracts, NDAs, employment agreements, office leases, IT procurement agreements, statements of work, and other third-party arrangements.
- Review and negotiate reinsurance agreements and related documentation, including captive reinsurance transactions, treaty and facultative placements, slip terms, loss portfolio transfers, and other supporting materials.
- Support the programs business by drafting, reviewing, and negotiating program administrator agreements, fronting arrangements, profit commission schedules, and related distribution agreements.
- Advise claims leadership on coverage issues, claims-related contractual matters, and dispute resolution, including coordination with outside counsel on litigation and arbitration matters as appropriate.
- Partner with the U.S. General Counsel, Senior Corporate Counsel, and other senior leaders on complex strategic and commercial transactions.
- Manage outside counsel relationships, engagements, and legal spend effectively.
- Work closely with the Controller and CFO teams to support finance-related matters, including investments, auditor interactions, and capital markets activity such as debt issuance or capital raising, as needed.
- Collaborate with other members of the Legal team on legal, regulatory, compliance, corporate governance, and other matters supported by the U.S. Corporate Legal function.
- Perform other related duties and special projects as assigned.
Qualifications:
- Juris Doctor required.
- Minimum of five years of legal experience in a law firm and/or relevant in-house legal role.
- At least three years of experience in the insurance industry, either in-house at an insurance or reinsurance company or in private practice serving insurance and financial services clients.
- Strong understanding of commercial insurance and reinsurance concepts, including distribution, risk-sharing, ceded reinsurance structures, and intercompany contracting; experience in property and casualty or speciality property and casualty insurance is strongly preferred.
- Experience drafting, reviewing, and negotiating reinsurance agreements, program administration agreements, and/or insurance coverage matters.
- Strong organizational and project management skills, with the ability to manage multiple competing priorities and drive matters to completion.
- Commercially minded and results-oriented, with the ability to balance legal risk with business objectives and deliver practical solutions.
- Admitted to practice law in a relevant state jurisdiction.
If interested, please apply for a confidential conversation today!
