Description:
We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd's, Europe and North America.In recent years, we have been expanding our North American operations, which includes integrating an exceptional new legal team.
As a result of this growth, we are seeking an additional hands-on Senior Claims Counsel to report to our U.S. General Counsel and CSE Managing Director. This position will handle and advise on all claim related legal issues on Ceded Reinsurance, Assumed Reinsurance, and Direct claims across various disciplines and territories in line with company claims handling guidelines. You will apply your claims/legal knowledge and experience to proactively manage legal claim issues and disputes through resolution, negotiation, and arbitration. Other key elements of this role will include the review and assessment of coverage issues, policy/contract language as well as LPT and Service agreements.
Responsibilities:
- Partner with and provide legal advice to Claims Department on claims coverage and/or strategy
- Manage outside counsel relative to specific disputed matters on Ceded, Assumed and Direct claims
- Provide LPT and Service Agreement legal review, analysis, and interpretation
- Handle litigation and disputes involving the company through resolution
- Monitor caselaw on coverage issues and advise stakeholders of developments
- Draft and/or review settlement agreements
- Display knowledge of review and analysis of complex coverage and contract issues and understanding of underlying claims
- Help develop and manage panel counsel and assess performance to provide feedback to claims management, particularly with coverage and reinsurance counsel
- Provide technical assistance for the due diligence process for new acquisitions, including the assessment of claims legal-related risks and opportunities, reporting findings within the agreed format and required deadlines.
- Evaluate the merit of affirmative claims and advise on pursuit, including cost benefit analysis
- Collaborate on compliance and regulatory monitoring, development and implementation
- Develop and draft U.S. legal, insurance regulatory and compliance best practices and guidelines
Candidate requirements;
- Minimum of 10+ years of handling insurance and reinsurance-related complex claims matters
- Law degree with relevant insurance/reinsurance experience
- Experience in managing disputes, including managing outside counsel
- Strong understanding of the reinsurance legacy market
- Experience drafting and interpreting legal documents
- Demonstrates ability and flexibility in a dynamic environment
- Exceptional knowledge of key terms and conditions in contracts / policies and general knowledge of key legal position in relevant jurisdictions
- Effective verbal and written communication skills
- Contributing positively to our culture and values
Benefits:
Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying:
- Flex First Empowering employees to thrive in any location. Our innovative Flex First approach enables employees to perform to their full potential, regardless of their location, while fostering a sense of community through regular events and collaboration.
- BenefitsCompetitive salary and bonus eligible Medical, EAP, dental, & vision insurance for individuals and familiesCompany funded Life Insurance401k with Company MatchCompany Off-Site MeetingsRemote Worker ExpensesHealth and Wellbeing Programs Employee Referral Program
- Personal DevelopmentAdvancing your professional development through ongoing learning opportunities.
- Time OffGenerous vacation and holiday schedule STD & LTD coverage
Compre is an insurance & reinsurance legacy specialist focused on the acquisition and management of discontinued non-life portfolios, With Operations in Bermuda, Finland, Germany, Malta, Switzerland and the UK. We have significant experience in all classes of direct and reinsurance business, including property, liability, marine and motor. Compre is privately owned with shareholders actively involved in management of the business.
