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Underwriting Counsel

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Ascot Group
Full Time position
Listed on 2025-12-07
Job specializations:
  • Insurance
    Underwriter, Risk Manager/Analyst
Job Description & How to Apply Below

2 days ago Be among the first 25 applicants

Job Description

This is an opportunity to join Ascot Group – one of the world’s pre‑eminent specialty risk underwriting organizations. We are a modern‑era insurance group operating through an ecosystem of interconnected global operating platforms and bound by a common mission and purpose. We utilize every aspect of our global business as part of a unified system aligned around common underwriting, product and distribution strategies.

Designed as a modern‑era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose:
One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way. The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross‑product and cross‑platform approach.

These platforms work as one, deploying our capital creatively through our unique Fusion Model:
Client Centric, Risk Centric, Technology Centric. Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world‑class service – both pre‑ and post‑claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Summary

The Underwriting Counsel position is an attorney role that works with the Senior Underwriting Counsel and underwriting leaders to draft all policy wordings and related documents for all lines of business written by Ascot in the United States, which includes, among others, Professional Liability, General Liability, Management Liability, Crime, Cyber, Environmental, Inland Marine, Property, Ocean Marine, and Trade Credit. The Underwriting Counsel will serve as the legal subject‑matter expert for Ascot insurance products, including monitoring evolving insurance coverage case law, developing policy wording, and counseling the business on underwriting intent, coverage, alternative risk structures, and product compliance matters.

As part of the US Product Development team, this role will also assist in the maintenance, filing, and implementation of all surplus lines and admitted products. This is an exciting opportunity for a go‑getter who can be successful in a fast‑paced environment, is able to balance multiple daily priorities, and is excited to be exposed to all aspects of commercial specialty insurance.

You’ll be a part of a highly collaborative Legal and Regulatory Compliance team where your contribution is crucial to the ambitious goals of this fast‑growing US Business Unit.

Responsibilities
  • Work both independently and with the Senior Underwriting Counsel to collaborate with underwriters and draft clear and accurate new and amended insurance policy wordings, forms, endorsements, applications, and related documents.
  • Oversee and manage legal aspects of the product filing process, including responding to state Department of Insurance objections and drafting state‑specific endorsements and wordings.
  • Review alternative distribution and program opportunities from a product standpoint and advise on necessary changes to or creation of policy documents in line with Ascot’s underwriting appetite.
  • Advise underwriters with risk analysis by offering coverage and wording analysis and other legal‑related advice.
  • Stay up‑to‑date on current and emerging underwriting risk and coverage trends.
  • Work with stakeholders to embrace “Plain English” wording that is easy for customers and brokers to understand, without detracting from their legal precedence, meaning or significance.
  • Work closely with the Actuarial, Operations, Reinsurance, Underwriting, and Claims departments to implement new products in Ascot’s IT systems, including drafting and reviewing business and technical requirements for policy form implementation and behavior.
Experience And Skills Required
  • Juris Doctor from an ABA‑accredited law school and Bar admission in good standing.
  • Minimum of 7 years of…
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