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.

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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