Associate General Counsel - Reinsurance Transactions

Company: American International Group
Location: Boston
Posted on: October 29, 2024

Job Description:

Associate General Counsel - Reinsurance Transactions
We are seeking an experienced attorney to join the Reinsurance Legal Team within General Insurance (GI) at AIG.
The team is comprised of attorneys and other professionals providing high quality advisory, transactional and regulatory support across GI on ceded and assumed reinsurance-related matters globally. This role will support projects that are time-sensitive, highly visible inside and outside of the company, and key to AIG's strategic initiatives. This position reports to the Deputy General Counsel for Reinsurance.
As a leader, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders and competing priorities. Ultimately, you take ownership for key outcomes. The successful candidate will have the opportunity to work on a wide variety of matters and interact directly with senior business leaders within AIG.
Specific duties will include, but not be limited to:

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• Managing and negotiating the legal aspects of GI's ceded reinsurance treaty programs globally across all property and casualty business lines.
  
• Advising on reinsurance-related aspects of strategic transactions at AIG, including M&A, capital markets and insurance-linked securities (ILS) matters.
  
• Counseling senior executives on matters relating to AIG's reinsurance on its legacy/run-off operations.
  
• Advising multiple business units on ceded and assumed facultative reinsurance transactions.
  
• Managing the contractual aspects of internal reinsurance arrangements within AIG.
  
• Working with AIG's Multinational business, operational and legal teams to structure and implement the reinsurance aspects of complex multinational programs around the world.
  
• Partnering with senior GI executives to enhance reinsurance governance.
  
• Drafting and negotiating reinsurance and collateral documentation to implement captive reinsurance programs globally.
  
• Working closely with AIG attorneys around the world to address legal, regulatory and compliance issues of all types related to reinsurance matters.
  
  What we are looking for:
  
  • 
    
  • Juris Doctor required; U.S. state bar admission (NY preferable).
    
  • 6+ years of legal experience with a law firm and/or in-house counsel.
    
  • Experience in the insurance industry is required.
    
  • Experience with (re)insurance matters and (re)insurance-related corporate transactions preferred.
    
  • Demonstrated experience advising senior business partners/clients on complex reinsurance or other insurance transactional matters within aggressive timeframes.
    
  • Ability to manage multiple projects and assignments in a fast-paced environment.
    
  • Ability to work collaboratively with peers and internal clients across a global organization as well as independently.
    
    Enjoy benefits that take care of what matters:
    At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.
    Welcome to a culture of belonging:
    We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs).
    AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
    AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
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Keywords: American International Group, Marthas Vineyard , Associate General Counsel - Reinsurance Transactions, Legal , Boston, Massachusetts