Legal Counsel, MGA
Swiss Re
full-time
Posted on:
Location Type: Hybrid
Location: Chicago • Illinois • Montana • United States
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Salary
💰 $156,000 - $210,000 per year
About the role
- Act as a trusted legal partner to the North America Corporate Solutions business, supporting both day-to-day operations and strategic initiatives
- Draft, review and negotiate MGA agreements for various lines of business
- Advise on the structuring, negotiation, and ongoing supervision of MGAs and other delegated authority arrangements
- Support the business in managing MGA lifecycle activities, including onboarding, regulatory compliance, audits, amendments, and enforcement of contractual terms
- Partner closely with Underwriting, Compliance, Risk, and Operations to ensure MGA models align with regulatory expectations and Swiss Re governance standards
- Provide legal advice on U.S. insurance regulatory matters impacting Swiss Re's distribution channels, incl. MGA structures
- Assist the business with regulatory advice, including ensuring regulatorily compliant contractual agreements across the lines of business (with a potential focus of Surety)
- Contribute to interdisciplinary projects with Finance, Tax, Compliance, Risk, IT, Operations, and Underwriting
- Apply Group legal policies, controls, and governance standards in a pragmatic, business-enabling manner
- Draft, review and negotiate sourcing, vendor, outsourcing, and IT-related agreements
- Support Procurement and business stakeholders in assessing legal, regulatory, data protection, and operational risks associated with third-party vendors
Requirements
- Admission to the bar in at least one U.S. state
- At 7+ years of legal experience, gained in a top-tier law firm and/or financial services or insurance environment
- Strong experience drafting and advising on MGA arrangements, distribution models, and delegated authority frameworks
- Understanding of U.S. insurance regulatory concepts; experience with Surety is a plus
- Demonstrated experience in drafting and negotiating vendors, outsourcing and IT agreements
- Ability to analyze complex issues, exercise sound judgement in ambiguous situations, and clearly explain risks to senior stakeholders
- Excellent communication and relationship-building skills, with a collaborative and solutions-oriented mindset
- High personal integrity and comfort operating independently while aligned with Group standards
Benefits
- A highly collaborative, international working environment
- Exposure to complex MGA and commercial contracting models
- Flexibility and a hybrid working approach
- The opportunity to shape how legal support is delivered in a modern insurance business
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
drafting agreementsnegotiating agreementsMGA arrangementsregulatory compliancecontractual terms enforcementvendor agreementsoutsourcing agreementsIT agreementsrisk analysislegal advice
Soft Skills
communication skillsrelationship-buildingcollaborative mindsetsolutions-oriented mindsetsound judgementanalytical skillsindependenceintegritystrategic thinkinginterdisciplinary collaboration
Certifications
admission to the bar