Legal Counsel, Convex US

Description

Key Responsibilities

• To support the growth of the US Team as part of the broader Convex Legal Team
• To draft and negotiate new and existing policy forms
• To provide wordings, coverage expertise and support for business pitches
• To provide advice to underwriters on a range of coverage issues relating to insurance and reinsurance
• To work with the business on a wide range of matters or projects relating to policy forms, new products and lines of business and provision of new capacity
• To advise upon drafting and negotiation of TOBAs and other distribution agreements with coverholders, TPAs and capacity providers
• To provide advice to underwriters on licensing and regulatory issue
• To support the CEO and management team on strategic initiatives
• To support the business by monitoring, training and advising on legal developments and know-how
• To provide training on policies and procedures
• To communicate and negotiate with external parties (capacity providers, brokers, clients, TPAs, external counsel, regulators etc.), creating relations of trust
• To facilitate the regular and efficient flow of information between the US Team and the broader Convex Legal Team

Skills, Knowledge and Expertise

• Qualified attorney and licensed JD, ideally with experience in an in-house environment within the insurance sector
• Prior experience advising on:
  • distribution and delegation agreements, ideally in an MGU or MGA setting
  • US (federal and state) regulatory and licensing issues for intermediaries;
  • policy forms and reinsurance contracts either in a general or line-specific capacity
• Familiarity with licensing and regulatory issues as they apply to MGUs / MGAs
• Excellent verbal and written communication skills with proven drafting experience
• Able to work independently and as part of a team
• Excellent knowledge and understanding of insurance law and regulation
• An understanding of the influences of the insurance market on the negotiation of agreements
• Ability to provide clear commercial advice which takes account of the risk appetite of the business
• High degree of professional ethics and integrity
• Sound judgement and ability to analyse swiftly complex matters and technical information
• Strong interpersonal and presentation skills, along with the ability to communicate effectively with others at all levels of the organisation

About Convex Insurance