-
Core Specialty is seeking an Associate General Counsel to serve as a lead advisor for Core Specialty’s regulated insurance distribution and risk-transfer relationships. The Associate General Counsel will own the review and drafting of contracts with insurance producers, managing general underwriters, program administrators, third-party claims administrators, and reinsurers.
The Associate General Counsel will also act as a trusted advisor to business leadership on insurance regulatory matters impacting distribution, reinsurance, and other insurance operations matters, ensuring alignment with applicable laws and regulations.
Key Accountabilities/Deliverables:
Lead the review, drafting, and negotiation of:
Producer, agency, and broker agreements;
Managing general underwriter and program management agreements;
Third-party claim administrator agreements; and
Assumed and ceded reinsurance agreements.
Engage with internal and external stakeholders to ensure such contracts are in line with applicable laws, regulations, and company policies.
Provide proactive, business-oriented guidance to company leaders regarding insurance regulatory matters, contract interpretation, and best practices as a subject matter expert.
Partner with compliance and business teams to translate regulatory requirements into operational practices.
Advise on insurance regulatory aspects of strategic initiatives, including mergers and acquisitions, program launches, new product development, and new distribution arrangements involving producers, brokers, managing general underwriters, and third-party claim administrators.
Oversee tracking and reporting of reinsurance agreements, including key terms, renewals, and compliance requirements.
Provide general corporate and cross-functional legal support and assist with special projects.
Technical Knowledge and Understanding:
Knowledge of legal and contractual principles and practices relating to insurance agencies, third-party claim administrators, and reinsurance preferred but not required.
Strong understanding of the property and casualty insurance industry.
Strong analytical, communication and writing skills.
Ability to balance commercial objectives with legal and risk considerations.
Experience:
Law degree from an ABA accredited law school
State bar admission, with ability to obtain limited in-house admission as necessary to fulfil applicable state registration requirements.
Experience in insurance regulatory matters.
4 + years’ experience focused on insurance regulatory and/or insurance contracting matters.
Experience with insurance agency, program administrator, third-party claims administrator, and/or reinsurance agreements preferred by not required.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.
#LI-Hybrid
-
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Skills Required
- Juris Doctor (law degree) from an ABA-accredited law school
- Admission to a State Bar and ability to obtain limited in-house admission as necessary
- Experience in insurance regulatory matters
- 4+ years' experience focused on insurance regulatory and/or insurance contracting matters
- Authorized to work for any employer in the U.S.; employer will not sponsor visas
- Strong understanding of the property and casualty insurance industry
- Strong analytical, communication, and writing skills
- Ability to balance commercial objectives with legal and risk considerations
- Knowledge of legal and contractual principles relating to insurance agencies, TPAs, and reinsurance
- Experience with insurance agency, program administrator, third-party claims administrator, and/or reinsurance agreements
What We Do
Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast! When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you. We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands. We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers. We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers. Our specialty focus is the essential part of our identity. It is at our core
