Hybrid Legal Counsel, MGA

at Swiss Re

• Job title: Legal Counsel, MGA
• Job type: Full Time
• Experience level: Senior, Lead
• Salary: $156,000 - $210,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Legal Counsel supporting Corporate Solutions business in North America's commercial insurance. Drafting MGA agreements and advising on regulatory compliance with a collaborative legal team.

Responsibilities

• Act as a trusted legal partner to the North America Corporate Solutions business, supporting both day-to-day operations and strategic initiatives
• Draft, review and negotiate MGA agreements for various lines of business
• Advise on the structuring, negotiation, and ongoing supervision of MGAs and other delegated authority arrangements
• Support the business in managing MGA lifecycle activities, including onboarding, regulatory compliance, audits, amendments, and enforcement of contractual terms
• Partner closely with Underwriting, Compliance, Risk, and Operations to ensure MGA models align with regulatory expectations and Swiss Re governance standards
• Provide legal advice on U.S. insurance regulatory matters impacting Swiss Re's distribution channels, incl. MGA structures
• Assist the business with regulatory advice, including ensuring regulatorily compliant contractual agreements across the lines of business (with a potential focus of Surety)
• Contribute to interdisciplinary projects with Finance, Tax, Compliance, Risk, IT, Operations, and Underwriting
• Apply Group legal policies, controls, and governance standards in a pragmatic, business-enabling manner
• Draft, review and negotiate sourcing, vendor, outsourcing, and IT-related agreements
• Support Procurement and business stakeholders in assessing legal, regulatory, data protection, and operational risks associated with third-party vendors

Requirements

• Admission to the bar in at least one U.S. state
• At 7+ years of legal experience, gained in a top-tier law firm and/or financial services or insurance environment
• Strong experience drafting and advising on MGA arrangements, distribution models, and delegated authority frameworks
• Understanding of U.S. insurance regulatory concepts; experience with Surety is a plus
• Demonstrated experience in drafting and negotiating vendors, outsourcing and IT agreements
• Ability to analyze complex issues, exercise sound judgement in ambiguous situations, and clearly explain risks to senior stakeholders
• Excellent communication and relationship-building skills, with a collaborative and solutions-oriented mindset
• High personal integrity and comfort operating independently while aligned with Group standards

Benefits

• A highly collaborative, international working environment
• Exposure to complex MGA and commercial contracting models
• Flexibility and a hybrid working approach
• The opportunity to shape how legal support is delivered in a modern insurance business