Senior Legal Counsel, Global Reinsurance

Chubb; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global insurance leader is seeking a legal expert to support their reinsurance transactions in London. You will oversee important treaty negotiations and ensure compliance with legal standards. The ideal candidate should have a strong understanding of the reinsurance industry and the ability to collaborate effectively with various stakeholders. This role offers a competitive salary and comprehensive benefits in a supportive workplace.

Benefits

Pension and annual bonus scheme

25 days annual leave + 5 additional days

Private Medical cover

Subsidised gym membership

Qualifications

• Proactive individual who seeks out opportunities to add value.
• Experience with non-contentious transactional work is preferred.
• Strong ability to work with senior leaders.

Responsibilities

• Working with COG Ceded Re buyers and brokers on treaties.
• Assisting with facultative transactions.
• Negotiating agreements with brokers.

Skills

Legal experience in insurance or reinsurance

Ability to manage multiple projects

Knowledge of reinsurance industry

Teamwork

Execution oriented

Job description

Overview

To provide support to COG regions on all reinsurance-related issues. This role is a visible resource to business partners and colleagues worldwide. The position requires proactively seeking out opportunities to add value to Chubb’s global reinsurance transactions. A key aspect of the position is the ability to build strong internal working relationships with Chubb’s Ceded Reinsurance Department and product line business partners (P&C and A&H) as well as external working relationships with Chubb’s reinsurers and reinsurance brokers in a fast-paced and dynamic environment. This role is primarily office-based (at least 3 days per week).

Key Responsibilities

• Working closely with COG Ceded Re buyers and brokers on Chubb’s reinsurance treaties

• Assisting business partners with facultative transactions – ceded and assumed - for both affiliate and non-affiliate transactions

• Responsibility for internal reinsurance arrangements

• Advising Ceded Re buyers and Chubb’s Global Reinsurance Security Committee (RSC) on different types of collateral, e.g. trusts and parental guarantees

• Reviewing/drafting captive arrangements and subsequent negotiation, and working with Global Credit Management on associated collateral with captives

• Assisting on multinational program reinsurance structures and documents

• Working with business lawyers and clients in negotiating treaties

• Monitoring reinsurance regulatory developments around the world as they impact Chubb reinsurance placements and contracts

• Providing and developing training to Chubb business lawyers on reinsurance issues

• Advising Ceded Re, Claims and business partners on reinsurance coverage

• Opportunity to get involved with contentious reinsurance issues, including any formal disputes

• Negotiating agreements with brokers

Qualifications

• Legal experience ideally within insurance or reinsurance, preferably including some non-contentious transactional experience.

• Ability to work effectively with senior leaders and balance the business and legal issues to reach desired outcome

• Knowledge of the reinsurance industry, customs and practices is preferable

• Ability to manage multiple projects in dynamic business environment

• Ability to work in a team environment

• Execution oriented

• Proactive individual who does not wait for work to come to her/him but actively seeks out where value can be added

What we offer in return

Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program

Integrity. Client focus. Respect. Excellence. Teamwork.

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion

At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.

URL for Diversity & Inclusion information: https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx