This is your opportunity to join AXIS Capital a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
Working with the Chief Legal Officer (Re)Insurance and the AXIS Legal Group, led by the General Counsel, to provide primary legal support for the Reinsurance Segment including underwriting, claims and operations on a worldwide basis for our offices in New York, London, Bermuda, Zurich and Singapore.
The position will entail significant, independent interaction, with underwriters and claims personnel as well as management. Accordingly, exceptional judgment, technical expertise, attention to detail and communication skills are required. Individual also must be energetic, flexible and resourceful. Importantly, candidate must be collegial and team-oriented, willing to work in a collaborative environment and contribute to a wide variety of initiatives and projects both within and outside of the Legal Department.
Duties & Responsibilities
Draft, review and analyze a wide array of market-produced reinsurance contracts (assumed, ceded and retroceded) against corporate standards, agreed upon terms as well as provide suggested alternatives. Contracts span various lines (i.e., property, casualty, specialty, professional and A&H) and structures (excess of loss, quota share, aggregate, per risk, per occurrence, per policy, clash and stop loss).
Keep current on reinsurance contract/policy wording developments and communicate importance and impact of wording changes to Underwriters and Marketers.
Collaborate and liaison with the Product Center, Underwriters, Claims and other Legal personnel in order to identify wording solutions that are best for a particular business line or jurisdiction.
Effectively communicate legal, regulatory and business issues to management with respect to AXIS external and internal domestic and international reinsurance business including advice and services with respect to contracts, legal structure, (re)insurance laws and regulations.
Review other Reinsurance Segment legal documents such as NDAs, trusts and collateral agreements.
Coordinate with other internal AXIS Legal Group on company-wide matters, policies and practices.
Work with other AXIS Legal Group with regards to intercompany transactions and cross-segment issues.
Attend and participate in reinsurance trade associations such as RAA.
Advising and researching international legal entity qualifications and licensing requirements for writing reinsurance business.
Researching and providing legal and regulatory advice with respect to issues arising from credit for reinsurance, changing collateral requirements, trusts, letters of credit and other security agreements.
Draft documents related to sidecars, collateralized reinsurance, quota shares, retrocessions and new ventures with alternative capital providers such as hedge funds and private equity firms.
Reviewing and drafting of reinsurance contract wordings to facilitate compliance with local laws and regulations as well as intent of the parties.
Review and drafting of reinsurance intermediary agreements and other reinsurance related agreements.
Work with third parties with respect to regulatory, compliance, operations and contract issues in arrangements whereby AXIS is engaged with a third party and its primary business.
Works with internal teams in support of various reinsurance and risk funding-driven transactions.
Advising on industry and product related reinsurance regulatory issues that impact AXIS reinsurance business and communicate relevant developments to management.
Researching issues arising with respect to reinsurance claims on an as needed basis.
Provide legal support to the various operational areas of the Reinsurance Segment.
Travel to support client needs in New York, Zurich, Bermuda, London and Singapore.
Skills/ Experience Required
Bachelors degree (BA) from four-year college or university, and JD degree from an ABA accredited law school.
5 10 years at a law firm and/or in-house counsel of claims counsel at a (re)insurance company.
Experience interfacing effectively with all levels of seniority and with internal and external constituents (i.e. underwriters, actuaries, brokers, external counsel, etc.)
Extensive knowledge of reinsurance and primary insurance standards, practices and principles.
Proven self-starter with a strong work ethic and an ability to solve problems independently
Excellent verbal, written and interpersonal communication skills
Demonstrated attention to detail and accuracy.
Ability to think about and provide solutions to client issues.
Prior experience reviewing and drafting reinsurance agreements, reinsurance intermediary agreements and other reinsurance related agreements.
Experience providing reinsurance transaction structuring advice and negotiating with third parties.
Analytical and problem-solving skills.
Demonstrated ability to learn quickly, take initiative and act collaboratively.
Ability to work well under pressure, handle and prioritize numerous matters.
Computer skills, including Microsoft Word, Excel and Outlook.