Counsel Law and Compliance

Ethos Specialty Insurance Services, a Bishop Street Underwriters Company, is a specialty Managing General Underwriter (MGU) that partners with carriers to underwrite tailored insurance programs across North America. Ethos benefits from deep capabilities and underwriting expertise and is able to match risk to multiple sources of capital as well as providing the highest quality, independent underwriting service to its industry partners and capital providers. The Underwriting Counsel position is an attorney role that works closely with the senior underwriting team members to draft policy wording and related documents for Transactional Liability insurance products underwritten by Ethos, including Representations and Warranties, Tax Liability and other bespoke products. Underwriting Counsel serves as the legal subject matter expert for Ethos insurance products through a combination of transactional, compliance, and regulatory/legal expertise and will be responsive for developing policy wording, monitoring evolving insurance coverage caselaw, and advising the Ethos team on underwriting, coverage, and compliance matters. This is an exciting opportunity to join an entrepreneurial minded business in a fast-paced environment while being exposed to all aspects of commercial specialty insurance.

Drafting and negotiating policy language for primary and excess buyer and seller-side Representation and Warranties Insurance policies and Tax Liability Insurance policies;
Advising Ethos underwriters regarding policy terms and coverage issues and providing related legal analysis, including analysing and interpreting applicable federal and state/provincial laws, regulations, legislative developments, case decisions, and claims verdicts;
Ensuring compliance with contractual and regulatory/legal requirements, from development of internal guidance and implementation of operational processes and oversight of the policy issuance process;
Drafting and negotiating non-disclosure agreements, engagement letters, and other various contracts in support of underwriting team;
Participating in internal and external audits in tandem with underwriting team and provide regulatory/compliance feedback as needed;
extremely proficient in drafting of legal and commercial documents;
Strong familiarity with complex corporate structuring, financing arrangements, and tax issues;
Highly focused, enthusiastic and creative thinker and self-starter;

TECHNICAL SKILLS & KNOWLEDGE

High competency in understanding complex corporate M&A transactions and drafting transaction documents (familiarity with R&W insurance policies is a plus);
Specific knowledge of transactional legal exposures (warranty breaches, tax structuring issues, litigation and computation and measure of damages); Knowledge of regulatory and legal landscape applicable to insurance products in the United States and Canada.

D. from an ABA accredited law school required or equivalent degree;
Minimum of 2-5 years of experience in insurance law, corporate finance or other relevant M&A deal experience, and
Location near our New York or Toronto office locations preferred for hybrid working model.