General Counsel and Senior Political Risk Underwriternew

Sovereign Risk Insurance Ltd. (“Sovereign”) is a subsidiary of Chubb Bermuda Insurance Ltd. and provides underwriting services for all aspects of political risk insurance.

Sovereign invites applications for the position of General Counsel and Senior Political Risk Underwriter. This position reports directly to the Division President.

The duties of this position are as follows: 

• Managing and coordinating activities of outside counsel and legal advice providers

• Providing advice regarding appropriate manner to handle litigation and arbitration and other legal matters to the Division President of Sovereign

• Evaluating and negotiating political risk insurance submissions from banks, government agencies and equity investors, with a focus on Spanish and Latin American clients

The successful applicant must possess the following:

• A law degree (J.D.) from a recognized United States law school and admission to the bar in at least one state

• At least 10 years total full-time legal experience advising on political risk insurance, project finance, export finance, capital markets, corporate restructurings/workouts and general corporate affairs, (3-5 years of which includes working as legal counsel in a leading international law firm and 3-5 years as an in-house legal counsel in an insurance company).

• A minimum of 10 years experience underwriting political risk insurance

• Fluency in Spanish with the ability to negotiate financial and insurance transactions in Spanish

• Experience in all areas relating to international investment law and international arbitration proceedings

• Familiarity with the process of political and economic risk analysis in emerging markets

• Ability to analyse loan documents, banking syndication agreements, participation agreements, capital markets documents; as well as the ability to draft insurance policies and manuscript endorsements

 

Other requirements include:

• First class written and oral communication skills as the successful applicant will be expected to make presentations in public forums

• Knowledge of emerging markets, financing activities, and the initiative to develop new financial products for bank financings in emerging markets