Hippo an InsurTech and managing general agent focused on home insurance, has recently completed its acquisition of Spinnaker Insurance Company. Spinnaker Insurance Company is an A.M. Best A- rated P&C carrier that offers admitted insurance products in 50 States plus DC. Spinnakers competitive strategy is to utilize Program Administrators to access niche markets around the country, focusing on short-tail business (with an emphasis on homeowners, renters, and small commercial), certain specialty lines, and fronting opportunities.
About This Role
We are currently looking for a General Counsel for Spinnaker Insurance Company with a strong insurance regulatory/compliance background in Property & Casualty program insurance, especially the personal lines space; reinsurance wordings background; oversight of claims litigation; and personal lines experience. The successful candidate will lead the compliance and insurance regulatory areas for personal lines and will proactively staying abreast of emerging areas of law in our industry, evaluating and mitigating risks, and providing legal advice to support the strategic direction of the company.
Lead Spinnaker Insurance Company compliance and regulatory initiatives including filing all holding company filings
License filings including COA expansions, notice filings, and oversight of company statutory filings
Advise Spinnaker and Hippo leadership on a complete array of regulatory and compliance issues and act as a subject matter expert on all facets of Spinnakers insurance products and applicable state and federal laws and regulations with strong emphasis on personal lines
Oversight rate, rule and form filings by Programs
Formation of additional subsidiaries or insurance companies as determined by leadership
Complaint oversight and management
Regulatory audit or inquiry oversight
Lead for Spinnaker insurance products reviews, approvals, and regulatory filings
Other various contracts supporting the Spinnaker or Hippo organization
Oversight and alignment of claims for each of the programs and within the larger Hippo organization
Oversight of Spinnaker Programs in runoff
Oversee claims litigation naming Spinnaker and maintain accurate litigation logs
Oversee audit of Spinnaker programs, not less frequently than Annually
ERM documentation and filings for Spinnaker
Providing strategic legal guidance to Spinnakers executive team
Align Spinnaker with Hippos legal organization by supporting Hippo 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.
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
10+ years experience in insurance company operations including regulatory, regulatory filings, market conduct, financial exams, personal lines experience a must
Program carrier experience a nice to have
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
MA or BS in Business Administration will be considered an asset
Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion.
Hippos applicants are considered solely based on their qualifications, without regard to an applicants disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippos People Team to make the need for an accommodation known.