Hybrid Underwriting Counsel

at Brown & Brown Insurance

• Job title: Underwriting Counsel
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $100,000 - $150,000 per year
• Degree requirement: Professional Certificate
• Location requirements: Hybrid, Chicago, United States

About the role

• Experienced attorney serving as Underwriting Counsel for Nexus Specialty Inc. Collaborating on insurance policies, addressing regulatory challenges, and supporting underwriting teams.

Responsibilities

• Work closely with underwriting teams to create and refine insurance products, ensuring they meet market needs and regulatory standards.
• Work in conjunction with our carrier partners, confirm approved products for delegated authorities and program management agreements.
• Draft policy forms and endorsements for new products.
• Analyze competitor insurance policies for underwriting teams to provide insights/recommendations for product enhancements.
• Draft manuscript and bespoke endorsements.
• Coordinate admitted filing requests and liaise with carriers on admitted filing projects, including the drafting of state amendatory endorsements and notices.
• Maintain forms library for all underwriting teams.
• Participate in the IT implementation and testing of new products or forms in underwriting system.
• Provide training and guidance to underwriting and claims teams on policy language, coverage intent, and regulatory requirements.
• Stay current and emerging underwriting risk and coverage trends.
• Legal review of marketing materials, website and social media posts.
• Draft and maintain various NDA, warranty and notice document templates.
• Review insurance/reinsurance binders and contracts and amendments.
• Serve as licensing contact for all Nexus licenses (MGA, TPA, surplus lines).
• Review new program management and delegated authority agreements.
• Review new legislation and notice requirements and provide guidance to underwriting teams on compliance.

Requirements

• Familiarity with admitted and surplus lines-specific legal issues across property and casualty insurance products, the business of insurance and insurance regulation
• 5+ years of experience in either in-house counsel role at an insurance carrier/broker or a law firm
• Juris Doctor from an accredited law school and strong academic credentials
• Ability to work independently and collaborate effectively with colleagues across multiple departments
• Focused attention to detail and honed analytical, drafting and problem-solving skills.

Benefits

• Health Benefits : Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits : ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness : Free Mental Health & Enhanced Advocacy Services
• Beyond Benefits : Paid Time Off, Holidays, Preferred Partner Discounts and more.