Mission
As Legal (Re)Insurance Leader, your mission will be to support AXA Climate regarding legal matters related to (Re)Insurance legal matters acting as a strategic business partner. You will act as a key legal contact points for our (Re)Insurance Ecosystem and its external counterparts. You will be a key player
for enhancing deal efficiency and for securing our international expansion and the development of sophisticated new (re)insurance products.
The legal insurance leader will provide Legal & Compliance support to underwriting teams for deal execution purposes.
She / He rules the Legal & Compliance practice for the Insurance Ecosystem (in coordination with the Chief Underwriting Officer and Head of Legal):
- acts as a technical reference point for underwriting business units and provide clarity, advice on technical (wordings/policy) and regulatory topics;
- advises and consults on broker status related legal and regulatory matters across multiple jurisdictions;
- manages interface with risk carrier legal department, ensures compliance with risk carrier (legal)
- requirements and requirements of the parametric products/markets;
- provides clear framework for underwriters on legal and regulatory aspects for all key jurisdictions.
She / He acts as “pipeline leader” for the legal team (2 FTE):
- prioritizes issues and urgencies within the pipeline;
- secures execution (quality and timing) of policies/wordings within the underwriting process;
- decides on acceptable clauses or policy wordings in general proposed by brokers and/or
competitors; - ensures consistency and integrity, within wordings/ policies is maintained and reviewed on a regular
basis; - manages and facilitates the amendment and drafting of policy wordings to ensure compliance with
underwriters’ intended depth and breadth of coverage.
She / He undertakes and facilitates policy wording development and control across all geographies. She / He supports the underwriting team for the development of new products across all geographies from legal side:
- manages and facilitate policy wording development for new products / perils / geographies;
- ensures compliance of new products and policy wordings with regulatory set-up and local regulatory
requirements.
She / He provides knowledge management | training support to the SB Insurance for collective improvement purposes:
- develops and maintains appropriate training materials and ensure that all new staff receive
appropriate induction training.
Key accountabilties
Project management
- Act as a strategic business partner in all activities relating to (re)insurance
- Manage large and/complex negotiations and provide legal support to the business
- Identify the relevant stakeholders to be involved to achieve the appropriate governance
Analysis of legal risks and constraints
- Conduct and supervise robust legal risk assessment that substantiate recommendations, and advise on and determine appropriate actions to mitigate
- Raise business’ awareness of legal issues and ensure legal involvement at the appropriate stage
Legal documentation
- Design, negotiate and monitor the conclusion of a wide range of agreements
- Implement and update templates of agreements in coordination with business partners
- Supervise outside counsel, including management fees structure
Contributing to internal know-how
- Carrying out legal watch, participate in the updating of the legal culture and the training of business teams