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Job Details

Join a distinguished multinational insurance corporation on their mission to develop its captive insurance division in Bermuda. We are seeking an accomplished Senior Lawyer to take the lead in navigating Bermuda's regulatory intricacies and offer a firm hand in the drafting of commercial Life-Re contracts. This role is pivotal, reporting directly to the Global General Counsel, and requires a self-driven individual comfortable working independently within a close-knit local team, yet fostering significant global collaboration within the business.

Key Requirements:

Experience:

  • At least 7+ years PQE in reinsurance, gained in a top-tier law firm and/or global insurance business.
  • A strong background in life reinsurance contract drafting is essential.
  • Relevant Bermuda insurance/regulatory expertise is preferred, with a comprehensive understanding of the global life re-insurance sector.
  • Previous experience working in an international context, with familiarity in cross-border legal issues and global regulatory landscapes ideal.

Responsibilities:

Insurance and Reinsurance Law Expertise:

  • Utilise extensive experience to ensure compliance with Bermuda's regulatory framework.
  • Draft life reinsurance contracts tailored to the unique characteristics of life insurance products.

Corporate and Commercial Law:

  • Establish a robust legal and governance structure for the captive entity.

Regulatory Compliance:

  • Demonstrate in-depth knowledge of Bermuda's regulatory requirements, licensing standards, and capital adequacy regulations.

Risk Management and Underwriting:

  • Align legal strategies with the organisation’s risk appetite and financial goals, leveraging familiarity with risk management and underwriting practices.

Transaction and Deal Structuring:

  • Structure complex transactions and negotiate reinsurance agreements in line with organisational objectives.

Negotiation and Communication Skills:

  • Strong negotiation skills for engaging with stakeholders and effective communication skills to convey legal concepts to non-legal professionals.

Educational Qualifications:

  • Possess a law degree from a reputable institution, along with relevant professional qualifications and specialisation in insurance and reinsurance law in a similar position within a law firm environment.

For further information, contact James O’Brien in confidence at james@agnewobrien.com

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With over two decades of expertise in facilitating legal career moves across various jurisdictions, James O'Brien is a highly respected legal recruiter with deep client connections. Explore how Agnew O'Brien Legal Recruitment can enhance your job search by visiting www.agnewobrien.com.

Company

Agnew O’Brien Global Legal Recruitment is a boutique consultancy that represents high calibre lawyers in their job search across international jurisdictions spanning the Asia-Pacific, Offshore Caribbean / Channel Islands, Middle East and United Kingdom. Those we assist are offered a bespoke, consultative recruitment service of the highest professional standards, specifically tailored to address individual search requirements and objectives. Our approach is discreet yet pro-active, offering candidates practical support throughout each step of the recruitment process. 

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