Counsel, Financial Lines
About The Position
The Counsel, Financial Lines position is responsible for supporting the Financial Lines underwriting business in North America with the primary responsibility of advising business clients on management and/or professional liability policies and coverage for financial institutions and private/not-for profit organizations. Communicate effectively with business partners, underwriting, claims professionals and Legal and Compliance colleagues to provide clear guidance on coverage developments, industry trends and new exposures in management and/or professional liability. Develop, draft, review and revise new and existing financial lines insurance products, as well as endorsements, contracts, marketing materials and other ancillary documents associated with such policies. Review and interpret applicable federal and state laws and regulations, legislative developments, case decisions and claims verdicts pertaining to financial lines in order to provide comprehensive legal advice. Collaborate with management, underwriting, brokers and policyholders to negotiate coverage terms and conditions.
Requirements
- Law degree with at least 3 years of experience working in insurance law and specialty insurance (management liability and professional liability) or working with financial lines coverage issues.
- Experience in policy and endorsement drafting.
- Demonstrated ability to understand the insurance industry, client needs, and business goals and provide sound consultation and achieve desired results.
- Have strong interpersonal and communication skills and the ability to effectively interact with a broad spectrum of constituencies.
- Have a proven track record of results achievement, collaboration, teamwork, problem solving, and negotiation skills.
Responsibilities
- Advising business clients on management and/or professional liability policies and coverage for financial institutions and private/not-for profit organizations.
- Communicate effectively with business partners, underwriting, claims professionals and Legal and Compliance colleagues to provide clear guidance on coverage developments, industry trends and new exposures in management and/or professional liability.
- Develop, draft, review and revise new and existing financial lines insurance products, as well as endorsements, contracts, marketing materials and other ancillary documents associated with such policies.
- Review and interpret applicable federal and state laws and regulations, legislative developments, case decisions and claims verdicts pertaining to financial lines in order to provide comprehensive legal advice.
- Collaborate with management, underwriting, brokers and policyholders to negotiate coverage terms and conditions.
Benefits
- This role may also be eligible to participate in a discretionary annual incentive program.
- Chubb offers a comprehensive benefits package, more details on which can be found on our careers website
- The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
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What This Job Offers
Job Type
Full-time
Education Level
Ph.D. or professional degree
Number of Employees
5,001-10,000 employees
