Senior Counsel - Reinsurance & Capital Solutions - QBE Management Services (UK) Limited : Job Details

Primary Details

Senior Counsel – Reinsurance & Capital Solutions

The opportunity

We are excited to announce that we are recruiting a Senior Counsel, Reinsurance & Capital Solutions to join our captive reinsurers, QBE Blue Ocean and Equator Re. The role will also support QBE Group’s outwards reinsurance placement team. You will work with a new captive Senior Leadership team that is focussed on developing the role of the captives as part of the QBE Group’s exposure and capital management strategy. This is an opportunity to lead and shape the captives’ Legal function at an exciting stage of the captives’ development, supporting on internal and external reinsurance placements and broader capital solutions.

Your new role

You will be required to lead on the following areas but not limited to:

Senior Counsel, Reinsurance & Capital Solutions – QBE Captives

• Management of the day to day and wider strategic legal and governance issues relating to the QBE Group’s Bermuda captives

• Development of legal strategy and management of legal risk

• Providing legal advice on business projects, as required

• Leading the review of contracts to ensure legal certainty and appropriate protections within the risk framework

• Preparing for and conducting certain regulatory interactions

• Development and management of relationships with external legal advisors to complement in-house services

Ceded Reinsurance

• Management of legal issues relating to QBE Group ceded reinsurance

• Assistance with review and where required negotiation of legal documents relating to the placement of ceded reinsurance

• Providing advice on the legal interpretation of reinsurance and related documents (including Trust Accounts)

• Providing legal assistance to the business on reinsurance recoveries

Capital Solutions

• Leading all the legal aspects of internal and external capital solutions transactions including loss portfolio transfers, quota share arrangements, insurance-linked securities, including CAT bonds, and all associated security and collateral arrangements.

• Liaising with and instructing external counsel where necessary with responsibility for agreeing fee structures and budgets and managing legal costs

• Supporting discussions with the relevant regulators and other key stakeholders

About you

• Be a strong communicator with a commercial mindset

• Provide clear and pragmatic advice, as well as internal and external challenge where needed

• Advise on complex legal matters by utilising legal expertise and strategic thinking to assess risk and recommend effective and appropriate solutions

• Influence cross-functional decision-making by collaborating with internal partners and leading multidisciplinary teams to guide development of company policies and best practices

• Facilitate organisational compliance with applicable laws and regulations by utilising knowledge of laws, policies and best practices to review documents and provide expertise on strategies for minimising risk and limiting exposure

• Support development of legal contracts by negotiating terms and clarifying issues to ensure realization of business objectives

• Identify and evaluate legal risks by anticipating problems, tracking organisational developments and recommending solutions to proactively mitigate risks and limit company exposure to liability

• Represent the company in litigation processes by negotiating with external parties, organising responses to legal communications and minimising damage to protect organisational interests

• Communicate with key regulatory bodies and external partners by networking and providing information on behalf of the company to uphold organisational reputation and maintain beneficial external relationships

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference.  In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://careers/flex-qbe/).

#LI-Hybrid

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include; 

5-star Diversity, Equity and inclusion (DEI) awards, 2023 Winner - Insurance Business Canada

Employer of the Year 2022Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award 

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year 

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response  

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year 

We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent.

Inclusion of Diversity