Associate General Counsel - Reinsurance
Reports to: Group General Counsel
Overview:
The Associate General Counsel - Reinsurance will support Accelerant’s global reinsurance operations by providing expert legal advice with a focus on drafting and negotiating reinsurance and associated agreements and ensuring compliance with applicable laws and regulations, as well as overseeing the lifecycle of reinsurance contracts and agreements. We are seeking a skilled and proficient attorney with at least 8 years of experience in reinsurance and insurance matters to join our legal team. This role involves close collaboration with various departments within the Accelerant group and maintaining a comprehensive tracker of document statuses and coordinating the execution process across internal and external stakeholders. Key
Responsibilities:
- Provide legal counsel and support on reinsurance matters, including drafting, reviewing, and negotiating reinsurance contracts, endorsements and interests and liability agreements and related agreements.
- Collaborate with Accelerant’s ceded reinsurance, underwriting, claims, operations and finance departments to address legal issues and provide solutions that align with business objectives
- Support the development and implementation of corporate reinsurance standard wording templates and procedures.
- Advise on regulatory compliance issues related to reinsurance and underwriting activities.
- Assist with regulatory filings related to reinsurance agreements.
- Maintain an Excel-based tracker of all contracts, including status updates (e.g., draft, under review, under signature, fully executed), ensure timely updates and accuracy of contract records.
- Coordinate the contract review and signature process with internal teams and external parties. Proactively follow up with stakeholders to ensure timely review and execution.
- Conduct legal research and stay abreast of relevant laws, regulations, and industry practices.
- Review and advise on reinsurance-related documentation and transactions.
- Provide training and guidance to internal teams on legal and regulatory issues related to reinsurance.
- Assist in corporate governance and risk management activities as they pertain to reinsurance.
- Organize and archive executed contracts for easy retrieval and audit readiness.
- Perform other duties as assigned by the Group General Counsel.
Qualifications:
- Juris Doctor (JD) degree from an accredited law school.
- Active license to practice law in at least one US jurisdiction.
- At least 8-10 years of experience in insurance and reinsurance, including at least 5-6 years of experience in a law firm and/or as in-house counsel.
- Significant experience in drafting and negotiating reinsurance agreements and contracts.
- Strong knowledge of insurance and reinsurance principles, practices, and regulatory requirements.
- Excellent analytical, communication, and negotiation skills.
- A proven self-starter with ability to work independently and collaboratively in a fast-paced environment.
- An ability to promptly make decisions and/or to roll out decisions, reflecting all available information and appropriate risk assessments.
- Strong organizational skills and attention to detail.
- Proven ability to manage multiple tasks and prioritize effectively.
- Excellent technology skills, including Outlook, Word, Adobe, Excel, as well as using SharePoint for document management and collaboration.
- Familiarity with contract management systems or tools (optional but a plus).
Enjoy our comprehensive benefits package designed to meet your diverse needs and support your well-being:
- Work-life balance: We believe that taking time to rest and recharge makes us all better. That’s why we offer flexible time off and encourage our team to take the time they need to prioritize their health and well-being.
- Health and wellness: We offer high-quality health, dental, and other benefits to ensure our team members have access to the care they need.
- Remote work: Work where you’re most productive and fulfilled. This position is open to remote candidates across the US who have the flexibility to work with our teams distributed across Europe and North America. Most cross-team collaboration happens in the mornings of the Eastern Time Zone.
- Travel: We value face-to-face connections and believe that in-person interactions can enhance collaboration and build stronger relationships. Travel could be a small part of your role, with opportunities to connect with your team and our members in person.
About Accelerant:
Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant risk exchange does business across more than 20 different countries and 250 specialty products, and we are proud that our insurers have been awarded an AM Best A- (Excellent) rating. For more information, please visit www.accelerant.ai.
