About the Company
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading primary specialty insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.
Position Overview
We are currently looking for a Legal Counsel to be based in Madrid on a full‑time basis, reporting into the Head of Legal and Compliance. This role requires a proactive, commercial‑minded legal professional with deep knowledge of Spanish insurance laws and regulatory requirements, as well as an understanding of general European legal frameworks.
Responsibilities
* Act as trusted advisor to the Spanish business and underwriters, providing advice on regulatory matters, contractual aspects, and ensuring compliance with regulatory and internal norms.
* Advise on local and European regulatory aspects (Solvency II, IDD, EIOPA statements, etc).
* Assist with structural advice for the European Expansion project and licensing aspects.
* Handle regulatory notifications and communication with the Spanish supervisory authority.
* Advise on corporate governance and corporate law aspects.
* Review and advise on outsourcing agreements (intragroup and external).
* Provide product and underwriting support: draft wordings, coverage questions, endorsements, notice of cancellations.
* Advise on primary insurance programs (incl. multinational) and draft and review reinsurance agreements and certificates.
* Assist in ensuring related governance processes (alignment with underwriting guidelines, new product guidelines, etc).
* Advise on insurance distribution related agreements and assist claims on coverage questions or complex claims litigation.
* Manage complaints responses together with operations team, and assist compliance team on complex sanctions queries.
* Manage and advise in relation to legal disputes, litigation and investigations.
* General commercial contracts and intragroup arrangements.
* Liaise with experts across the Munich Re Group (sanctions, antitrust, data protection).
* Provide training, develop template contracts and share relevant knowledge across the business and legal function.
Qualifications
* Spanish qualified lawyer with admission to the bar and minimum 5 years’ experience since admission (dual qualifications welcome).
* Significant experience in the Spanish primary specialty insurance business (private practice and at least one year in-house).
* Comprehensive understanding of regulatory requirements in the Spanish and European primary insurance and insurance distribution industry, strong expertise in wordings and coverage topics and commercial and corporate law.
* Excellent communication skills in Spanish and English; further languages welcome.
* Effective time‑management skills and ability to juggle multiple tasks and priorities.
* Commercial awareness and experience balancing commercial opportunity with corporate risk.
* Spanish law degree.
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi‑dimensional, intersectional and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school and career experiences; and political, religious and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued and has equitable opportunities to succeed. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
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