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Our client, a major Reinsurance company is looking for an attorney to provide contract wording and other legal support to the underwriters in the Chicago office (and to a lesser extent other U.S. locations). The Underwriting Counsel will be an integral part of the Chicago underwriting team working closely with the underwriters to renew the Chicago reinsurance book. The Underwriting Counsel will work with other members of the legal team with respect to the global initiative to automate and improve the contract review process across platforms and other cross-platform legal, regulatory and compliance projects. The Underwriting Counsel will also perform claims/underwriting audits and will be a legal and compliance resource on the ground in Chicago.
Essential Functions of the Position
Review proposed reinsurance contracts and endorsements to ensure compliance with various contract wording, legal and/or underwriting guidelines/requirements.
Draft contract language/clauses to conform to underwriting guidelines and/or agreed upon terms and conditions.
Review Non-Disclosure/Confidentiality Agreements to ensure compliance with legal guidelines and requirements.
Collaborate with other platforms and offices regarding contract wording, legal and/or underwriting guidelines/requirements.
Act as a resource for underwriters and claims team with respect to contract wording, coverage or other legal issues.
Serves as a liaison on reinsurance contract issues with industry groups.
Participate on claims/underwriting audits of ceding companies.
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