Associate General Counsel, Reinsurance Regulatory and Compliance

Title:

Associate General Counsel, Reinsurance Regulatory and Compliance

Company:

Everest Reinsurance (Bermuda), Ltd.

Job Category:

Law

Job Description:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Job Summary:

Everest Reinsurance (Bermuda), Ltd., Everest International Reinsurance, Ltd. and their Bermuda affiliates (collectively “Everest Bermuda”), subsidiaries of Everest Group, Ltd. (together with its subsidiaries and affiliates, the “Company”), are currently seeking an Associate General Counsel for our Bermuda operations at our Hamilton, Bermuda office.

Responsibilities

Regulatory & General Business Advice:      

• Serve as primary legal contact and liaise as necessary with the Bermuda Monetary Authority (“BMA”) and all other relevant regulators.

• Assist in coordination efforts to transition to the BMA’s Group Supervision framework and manage all Designated Insurer legal requirements.

• Manage monthly, quarterly and annual corporate business filings with the BMA and Registrar.

• Manage and oversee Everest Bermuda’s insurance licensing, including license applications for any new lines of business.

• Oversee the creation and enhancement of processes, policies and governance to facilitate regulatory reporting to the BMA and related governmental entities.

• Provide broad counsel to Everest Bermuda’s business and operational functions.

• Ensure company compliance with the Companies Act 1981, the Economic Substance Act 2018 and related regulations, the Exchange Control Act 1972 and related regulations, the Insurance Act 1978 and related rules and regulations and the Segregated Accounts Company Act of 2000 and related rules and regulations.

• Liaise with Home Office Law Department colleagues and other Group functional areas to ensure coordination and implementation of company policy and procedures.

• Negotiate, draft and edit various commercial, vendor, IT and other third-party corporate contracts.

• Stay abreast of and provide counsel regarding changes in local laws and regulations as they relate to and impact the companies.

Compliance:

• Serve as Everest Bermuda’s Chief Compliance Officer and Money Laundering Reporting Officer.

• Act as liaison with Everest Group Compliance Department generally for all Group Compliance interactions and initiatives.

• Manage and address all customer queries and consumer complaints received from customers and Bermuda regulatory bodies.

• Advise on and monitor Everest Bermuda’s compliance with relevant privacy laws, receive and respond to requests, and ensure that company staff are appropriately informed and trained on the companies’ privacy policies and procedures.

• Facilitate the Company’s collaboration with Group Compliance Department and its participation, as required, in second-line compliance initiatives related to sanctions and financial crimes, Ethics Guidelines (including conflicts of interest and employee stock trading), insurance and reinsurance law and regulation, privacy and data security, and other subject matters.

Corporate Governance:

• Serve as Corporate Secretary to Everest Bermuda, including drafting resolutions, preparing and maintaining meeting minutes, ensuring that Board composition and board charters/mandates comply with applicable law and Company policies.

• Provide legal counsel on the development, implementation and maintenance of corporate governance policies and procedures in accordance with BMA’s corporate governance guidelines.

Bermuda Employment Law:   

• Provide counsel on broad range of Bermuda employment law matters.

• Serve as a trusted advisor to Human Resources and business stakeholders to help inform strategy and build necessary local employment policies and practices.

• Ensure compliance with local employment laws and other Bermuda common law requirements.

• Support Human Resources relative to investigations, performance management, terminations and reorganizations; draft separation agreements.

• Support the Benefits function with regard to leave and accommodation, ensuring compliance with local laws.

• Work closely with Recruiting on drafting offer letters and employment contracts.

• Engage and direct outside counsel on employment related matters as necessary.

Qualifications

• 7-10 years of law firm experience at a Top Tier law firm, and/or in-house with a major reinsurance or insurance company; experience in financial services strongly preferred.

• Must be admitted and a member in good standing of the Bermuda bar.

• Familiarity with the BMA regulations and experience at a BMA regulated entity is a plus.

• Broad knowledge of Bermuda regulatory and employment laws and regulations.

• Experience with corporate secretarial matters.

• Insurance claims or underwriting experience a plus but not required.

• Reinsurance experience required.

• Experience advising on and supporting complex reinsurance transactions a plus but not required.

• Experience advising business clients on complex matters and emergent events. 

• Litigation and claims-related experience a plus but not required.

• Candidates must possess strong negotiating and organizational skills, analytical ability, and excellent writing and communication skills.

• Must be willing to travel as needed.

• Strong work ethic, ability to self-manage and work in a team environment.

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

 

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.  

 

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

Type:

Regular

Time Type:

Full time

Primary Location:

Bermuda

Additional Locations: