Where good people build rewarding careers. Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.
Job Description The Specialty Operations Law Practice Group within the Company’s Department of Law & Regulation consists of four attorneys and other professionals who provide legal services to the Company regarding ceded and assumed reinsurance business.
Key Responsibilities: •Counseling the Company’s division charged with administering discontinued lines of business, which can involve: •Advising on coverage afforded by domestic and international reinsurance agreements, both current and in runoff, assessing coverage for environmental claims on primary policies, and securing coverage for claims covered under government-sponsored indemnification vehicles; •Providing guidance on third party insurance and reinsurance insolvencies and corporate restructuring initiatives, including domestic and international liquidations, schemes of arrangement and portfolio transfers. •Providing oversight of the arbitration and litigation of disputes involving reinsurance. •Lead the structuring, negotiating and drafting of reinsurance transactions taking into account applicable regulatory, reporting, and accounting issues. •Supporting the Government & Industry Relations Group as needed with respect to legislative efforts – state, federal and international – impacting insurance insolvency and reinsurance.
•Possesses a juris doctorate and a license to practice law in Illinois (and/or other states as required). •7+ years related experience within a reputable law firm or an in-house legal department for a mid- to large-sized insurance or reinsurance organization. •Reinsurance experience •Transactional experience (contracts, trust agreements, etc...) •Experience with environmental law and asbestos preferred •Security experience preferred •Expert legal research and writing skills. •Experience in analyzing insurance coverage for latent tort claims under property and casualty insurance policies including personal lines, excess and surplus, umbrella and commercial policies. •Project management skills a plus, including budgeting and managing internal and external resources. •Microsoft Office skills
Interested Applicants can apply via the career site at www.allstate. com and search for job ID 85054 or apply directly to the link:
We Are The Good Hands.
The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America, serving more than 16 million households nationwide. Founded in 1931, Allstate has been dedicated to protecting our customers from life's uncertainties and preparing them for the future for more than 85 years.
Allstate became a publicly trad...ed company in 1993, and is listed on the New York Stock Exchange under the trading symbol ALL. As of year-end 2015, Allstate had nearly $104.7 billion in total assets.