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Reinsurance Counsel in Philadelphia, PA at Chubb Group of Insurance Companies

Date Posted: 10/5/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    436 Walnut Street
    Philadelphia, PA
  • Job Type:
  • Experience:
    4 to 7 years
  • Date Posted:
    10/5/2018

Job Description

Chubb is the world’s largest publicly traded property and casualty insurer.  With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

We seek highly motivated individuals to join our team who exhibit the best-in-class competencies listed below and embody the OGC culture. 

We deliver high quality work product, services and solutions that demonstrate understanding of the needs and requirements of our business partners and support achievement of team goals.

We adapt to changing business needs and environments through a proactive, flexible approach that achieves results and strikes the proper balance among all constituencies. 

We demonstrate character, integrity and professionalism, both within a team environment in OGC and in fulfilling our responsibilities to our business partners. 

We build collaborative, trusting relationships with team members and business partners through superior communication skills, empathy and respect. 

We independently manage work responsibilities through commitment, dedication and accountability, and display an on-going commitment to self-improvement.

KEY OBJECTIVE:

To provide support to the Global Reinsurance Legal team on reinsurance transactional issues, in particular supporting North America (US, Canada and Bermuda) on all reinsurance related issues. This role is a visible resource to business partners and colleagues worldwide. The position requires proactively seeking out opportunities to add value to Chubb’s global reinsurance transactions. A key aspect of the position is the ability to build strong internal working relationships with Chubb’s Ceded Reinsurance Department and product line business partners as well as external working relationships with Chubb‘s reinsurers and reinsurance brokers in a fast-paced and dynamic environment.

MAJOR DUTIES & RESPONSIBILITIES:

  • Responsibility for ceded treaty wordings, and attendant documents, throughout the Chubb organization
  • Assisting business partners with facultative certificate wording – ceded and assumed for both affiliate and non-affiliate transactions
  • Responsibility for internal reinsurance arrangements
  • Reviewing/drafting captive arrangements and subsequent negotiation
  • Assisting on multinational program reinsurance structures and documents
  • Working with business lawyers and clients in negotiating treaties
  • Monitoring reinsurance developments around the world as they impact Chubb reinsurance placements and contracts
  • Providing training to Chubb business lawyers on reinsurance contract wordings and issues
  • Assisting with assumed reinsurance issues as they arise
  • Ability to identify and proactively address issues as and where they arise
  • Opportunity to get involved with contentious reinsurance issues, including any formal disputes.

DESIRED QUALIFICATIONS:

  • 4-7 years insurance or reinsurance experience, preferably including some non-contentious transactional experience.
  • Ability to work effectively with senior leaders and balance the business and legal issues to reach desired outcome
  • Knowledge of the reinsurance industry, customs and practices
  • Ability to manage multiple projects in dynamic business environment
  • Ability to work in a team environment
  • Execution oriented
  • Proactive leader who does not wait for work to come to her/him but actively seeks out where value can be added

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it.  Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.