Experienced attorney serving as Underwriting Counsel for Nexus Specialty Inc. Collaborating on insurance policies, addressing regulatory challenges, and supporting underwriting teams.
Responsibilities
Work closely with underwriting teams to create and refine insurance products, ensuring they meet market needs and regulatory standards.
Work in conjunction with our carrier partners, confirm approved products for delegated authorities and program management agreements.
Draft policy forms and endorsements for new products.
Analyze competitor insurance policies for underwriting teams to provide insights/recommendations for product enhancements.
Draft manuscript and bespoke endorsements.
Coordinate admitted filing requests and liaise with carriers on admitted filing projects, including the drafting of state amendatory endorsements and notices.
Maintain forms library for all underwriting teams.
Participate in the IT implementation and testing of new products or forms in underwriting system.
Provide training and guidance to underwriting and claims teams on policy language, coverage intent, and regulatory requirements.
Stay current and emerging underwriting risk and coverage trends.
Legal review of marketing materials, website and social media posts.
Draft and maintain various NDA, warranty and notice document templates.
Review insurance/reinsurance binders and contracts and amendments.
Serve as licensing contact for all Nexus licenses (MGA, TPA, surplus lines).
Review new program management and delegated authority agreements.
Review new legislation and notice requirements and provide guidance to underwriting teams on compliance.
Requirements
Familiarity with admitted and surplus lines-specific legal issues across property and casualty insurance products, the business of insurance and insurance regulation
5+ years of experience in either in-house counsel role at an insurance carrier/broker or a law firm
Juris Doctor from an accredited law school and strong academic credentials
Ability to work independently and collaborate effectively with colleagues across multiple departments
Focused attention to detail and honed analytical, drafting and problem-solving skills.
Benefits
Health Benefits : Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
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