Vice President, Counsel & Political Risk Underwriter

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 Vice President, Counsel and Political Risk Underwriter. The position reports to directly to the Senior Vice President, Underwriting Group Lead.

The duties of this position are as follows:
•    Assisting Sovereign underwriters on all legal aspects of transactional underwriting, including negotiating and reviewing policy wordings, project documentation, legal opinions, loan agreements and bilateral investment protection treaties
•    Evaluating and helping negotiate political risk insurance transactions from banks, government agencies, trading companies and private equity investors
•    Underwriting political risk and sovereign credit insurance and managing client relationship responsibilities 
•    Manage political risk insurance and sovereign non-payment insurance claims and restructurings
 

• A Law degree (J.D.) from a recognised U.S., Canadian or U.K. law school and admission to the bar in at least one jurisdiction
• At least five years of international legal experience advising in cross-border banking and/or international investment law and international arbitration proceedings
• At least five years political risk and sovereign credit insurance underwriting and/or political risk claims experience
• 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
• Ability to draft political risk insurance and non-payment insurance policies and manuscript endorsements
• Advisory work on international finance, trade sanctions and capital requirement regulations relevant to political risk insurance space

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 financing in emerging markets
• Organize and conduct internal training on legal matters for underwriting team
• Demonstrated leadership acumen through management of supervisory role
• Good computer skills and the ability to perform internal communications and drafting without administrative assistance