VP, Assistant General Counsel, Global Markets Legal & Compliance Group

Allied World

  • London
  • Permanent
  • Full-time
  • 2 months ago
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions.At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation.Based in the Walkie Talkie building at 20 Fenchurch Street, our office is based on the 19th floor, providing fantastic views across London. With just under 200 employees in London we pride ourselves on our warm and welcoming culture, with regular learning opportunities and support to achieve your career goals.Allied World is an Equal Opportunities Employer. All qualified applicants will be considered for employment without regard to an individual’s race, colour, national origin, religion, sex, age, genetic information, or disability status.Description of the role:The successful candidate will be responsible for providing in-house legal services to support various business lines and functions, including the General Casualty (Bermuda), Healthcare (London), Professional Lines (London) and Reinsurance (facultative) underwriting business activities of Allied World. This position will be located in London or Bermuda.Duties and Responsibilities:
  • Draft policy forms and endorsements.
  • Responsible for analyzing terms of new/renewal business to help identify exposures, document/clarify underwriting intent and ultimately confirm compliance with agreed upon terms and corporate guidelines.
  • Maintain knowledge of Allied World’s current business activities, statutory laws, regulations and judicial developments affecting the business.
  • Review, draft and negotiate a variety of underwriting agreements, nondisclosure agreements and other agreements that comply with company policies and risk tolerance.
  • Support the continuous improvement of standard form agreements and legal processes and assist in the development and implementation of company policies and procedures.
  • Provide support to underwriters as needed on legal issues pertaining to submissions and related coverage.
  • Provide support to claims personnel on coverage and procedural related issues.
  • Responsible for the standard policy wordings and endorsements for ceded facultative reinsurance for all lines of business across the Allied World group.
  • Coordinate with the rest of the Allied World Legal Department, as appropriate, and handle complex issues and effectively communicate relevant guidance to internal colleagues.
QualificationsPerson Specification:
  • English-qualified solicitor or barrister.
  • Minimum of 8 years’ experience with minimum of 4 years in insurance or reinsurance coverage litigation or arbitration.
  • In-house experience within an insurance company or Lloyd’s would be a distinct advantage.
  • Experience of drafting commercial insurance contracts.
  • Strong analytical and technical skill sets.
  • Ability to quickly understand key business issues and operational objectives.
  • Effective and confident communicator of complex messages (written and oral) to both internal and external audiences.
  • Good interpersonal skills and a positive team member.
  • Commercially minded, decisive, highly organized and principled.
  • Ability to handle multiple projects simultaneously, deal with conflicting agendas and meet deadlines.
  • Adherence to relevant local regulatory Conduct Standards as applicable to your role.

Allied World