AVP & Associate General Counsel

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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 t...