Description:
About This Role:We are currently looking for a General Counsel for Spinnaker Insurance Company with a strong insurance background in Property & Casualty program insurance; regulatory and compliance; reinsurance contracts including quota share and catastrophe; oversight of corporate and claims litigation; and ability to manage and audit key controls. The successful candidate will lead the insurance company's legal and regulatory function. The successful candidate will be a hands-on attorney, willing to both manage and manage across multiple priorities. The General Counsel will proactively stay abreast of emerging areas of law in our industry, evaluate and mitigate risks, and provide legal advice to support the strategic direction of the company and its board of directors.
What You'll Do:
Regulatory:
- Lead Spinnaker Insurance Company compliance and regulatory initiatives including filing all annual and holding company filings
- License filings including COA expansions, notice filings, and oversight of company statutory filings
- Oversee the Statutory reporting function
- Advise Spinnaker and An Insur Tech Company leadership on a complete array of regulatory and compliance issues and act as a subject matter expert on all facets of Spinnaker's insurance products and applicable state and federal laws and regulations with strong emphasis on personal lines
- Oversight of rate, rule and form filings by Programs
- Formation of additional subsidiaries or insurance companies as determined by leadership
- Complaint oversight and management
- Regulatory audits including financial and market conduct
- Oversight of complaints and complaint reporting/management of complaints logs
Lead for Spinnaker insurance products reviews, approvals, and regulatory filings
- Reinsurance contracts
- Program agreements
- Claims Agreements
- Other various contracts supporting the Spinnaker or An Insur Tech Company organization
- Claims compliance
- Oversight of Spinnaker Program's in runoff
- Oversee claims litigation naming Spinnaker and maintain accurate litigation logs
- Oversee audit of Spinnaker programs
- Oversee implementation of remediation measures associated with the audit of Spinnaker programs
- ERM documentation and filings for Spinnaker
- Providing strategic legal guidance to Spinnaker's executive team
- Align Spinnaker with An Insur Tech Company's legal organization by supporting An Insur Tech Company legal initiatives
- Apply sound business acumen in providing timely, thoughtful and comprehensive legal advice in support of organizational strategies
- Demonstrate exceptional communication (oral and written), presentation and interpersonal skills and convey complex issues to legal and non-legal professionals at all levels
- Corporate Governance for the Spinnaker group of companies
- Set internal governance policies and manage the impact of external factors
- Evaluate and weigh multiple inputs and impacts of any decision or course of action
- Anticipate issues and estimate risks strategically
- Work with external parties (regulators, external counsel, politicians, clients)
- Draft agreements that minimize risks and maximize legal rights
- Report to An Insur Tech Company General counsel for key risks and mitigation of key risks
- Spinnaker Board and Audit committee monthly reporting
Must Haves:
- 10+ years' experience in insurance company operations including regulatory, regulatory filings, market conduct, financial exams, personal lines experience a must
- Experience working with insurance entities including insurance companies, reinsurers, managing general agencies, brokers, third-party administrators, claims companies and/or other insurance-related entities in connection with regulatory, corporate, compliance and transactional issues
- Experience in the formation, licensure and capitalization of insurers, business expansion activities, financial and market conduct examinations, reinsurance and alternate risk transfer mechanisms, product filings, as well as many other operational and regulatory issues applicable to insurance entities
- Overall broad legal knowledge (corporate law, litigations, labor law, etc.)
- Ability to develop and execute on legal strategy and objectives
- Well-versed in how business operate with financial acumen
- First class interpersonal and communication skills
- Ability to anticipate legal issues or risks and to “see around the corner”
- J.D. degree
Nice to haves:
- MA or BS in Business Administration will be considered an asset
- Program carrier experience
