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 & Political Risk Underwriter.  This position reports directly to the Division President.

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 

The successful applicant must possess the following:

• 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 ten years legal experience advising on banking or finance law
• At least five years political risk and sovereign credit insurance underwriting experience
• Experience in 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
• Good computer skills and the ability to perform internal communications and drafting without administrative assistance