AVP, Associate General Counsel or VP, Assistant General Counsel,
Global Markets Legal & Compliance Group
Description of the role:
The successful candidate will be responsible for providing in-house legal services to support various business lines and functions, including the General Casualty (Bermuda), Healthcare (London), Professional Lines (London) and Reinsurance (facultative) underwriting business activities of Allied World. This position will be located in London or Bermuda.
Duties and Responsibilities:
· Draft policy forms and endorsements.
· Responsible for analyzing terms of new/renewal business to help identify exposures, document/clarify underwriting intent and ultimately confirm compliance with agreed upon terms and corporate guidelines.
· Maintain knowledge of Allied World’s current business activities, statutory laws, regulations and judicial developments affecting the business.
· Review, draft and negotiate a variety of underwriting agreements, nondisclosure agreements and other agreements that comply with company policies and risk tolerance.
· Support the continuous improvement of standard form agreements and legal processes and assist in the development and implementation of company policies and procedures.
· Provide support to underwriters as needed on legal issues pertaining to submissions and related coverage.
· Provide support to claims personnel on coverage and procedural related issues.
· Responsible for the standard policy wordings and endorsements for ceded facultative reinsurance for all lines of business across the Allied World group.
- Coordinate with the rest of the Allied World Legal Department, as appropriate, and handle complex issues and effectively communicate relevant guidance to internal colleagues.
Person Specification:
· English-qualified solicitor or barrister.
· Minimum of 8 years’ experience with minimum of 4 years in insurance or reinsurance coverage litigation or arbitration.
· In-house experience within an insurance company or Lloyd’s would be a distinct advantage.
· Experience of drafting commercial insurance contracts.
· Strong analytical and technical skill sets.
· Ability to quickly understand key business issues and operational objectives.
· Effective and confident communicator of complex messages (written and oral) to both internal and external audiences.
· Good interpersonal skills and a positive team member.
· Commercially minded, decisive, highly organized and principled.
· Ability to handle multiple projects simultaneously, deal with conflicting agendas and meet deadlines.