Counsel, Financial Lines

Chubb ExternalPhiladelphia, PA
117d

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. This role involves effective communication 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. Additionally, the position requires the development, drafting, review, and revision of new and existing financial lines insurance products, endorsements, contracts, marketing materials, and other ancillary documents associated with such policies. The Counsel will also 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. Collaboration with management, underwriting, brokers, and policyholders to negotiate coverage terms and conditions is also a key aspect of this role.

Responsibilities

  • Advise 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.
  • 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, endorsements, contracts, marketing materials, and other ancillary documents.
  • Review and interpret applicable federal and state laws and regulations, legislative developments, case decisions, and claims verdicts pertaining to financial lines.
  • Provide comprehensive legal advice based on legal interpretations.
  • Collaborate with management, underwriting, brokers, and policyholders to negotiate coverage terms and conditions.
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