Full-Time

VP and Assistant General Counsel

Posted on 12/20/2024

Hagerty

Hagerty

11-50 employees

Specialized insurance for classic cars

Automotive & Transportation
Consumer Goods

Senior

Remote in USA

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • JD Degree; strong academic credentials.
  • Proven, progressive legal experience in insurance and reinsurance transactional and regulatory matters, with major law firm or corporate law department.
  • Applicable state bar admission.
  • Have an outstanding reputation for ethics, integrity and the highest standards of professionalism.
Responsibilities
  • Manage a broad range of insurance and reinsurance focused legal and compliance issues, marshalling legal counsel and paraprofessionals to provide subject matter expertise as needed.
  • Take the lead on contracting with insurance and reinsurance partners and intermediaries, including strategic alliance agreements, MGA agreements, producer agreements, reinsurance agreements and reinsurance trust agreements.
  • Support insurance regulatory filings, including Insurance Holding Company Act Reporting and financial reporting as well as management of and corporate governance for Hagerty Re, Hagerty’s Bermuda-based Class 3 reinsurer.
  • Oversee development and implementation of the company’s data privacy roadmap and governance framework, working across multiple functional areas (including IT, marketing, media, marketplace) to achieve buy-in and compliance.
  • Support general commercial contracting review, drafting and negotiation.
  • Direct the execution of functional strategies set by senior leaders and establish operational plans with short- to medium-term impact on enterprise, corporate function or business unit results.
  • Provide pragmatic legal, compliance, and commercial advice and counsel to support overall legal and compliance strategy, working directly with business leaders to develop solutions to move their business plans forward.
  • Develop attorney and support staff, delegating and mentoring on assigned matters.
  • Develop solutions to complex or high-risk matters that can have a material impact to the company's business activities and financial performance.
  • Ensure company policies and strategies are in compliance with external regulations, internal policies and strategic initiatives.
  • As needed, assist with corporate governance matters, participating in board and board committee level activities.
  • Support business units in navigating the insurance and reinsurance regulatory landscape, leverage partners and industry trade associations where necessary, and develop direct regulatory contacts and relationships as needed.
  • Assist with strategy to strengthen regulatory presence.
  • Provide research, advice and other legal assistance to the organization on issues arising from actual or anticipated insurance regulatory matters that may affect company initiatives.
  • Assist with preparation of responses to regulatory actions and participate in hearings as necessary.

Hagerty specializes in services for classic and collector car enthusiasts, offering tailored insurance policies that consider the unique value and usage of vintage vehicles. Their insurance is designed specifically for classic car owners, providing better coverage and competitive rates compared to standard auto insurance. In addition to insurance, Hagerty has a membership program that includes benefits like roadside assistance and access to exclusive events. They also foster a community through content creation, such as articles and virtual car shows, which helps engage their customer base. By focusing on the classic car market, Hagerty caters to a dedicated clientele who view their vehicles as investments and pieces of history. The company's goal is to support and connect car lovers while providing specialized services that meet their unique needs.

Company Stage

IPO

Total Funding

$684.8M

Headquarters

Traverse City, Michigan

Founded

1983

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased interest in electric classic cars creates a new niche for Hagerty.
  • The rise of online car auctions expands Hagerty's digital marketplace opportunities.
  • Partnerships with automotive museums enhance brand visibility and community engagement.

What critics are saying

  • Increased competition in the digital marketplace could impact Hagerty's market share.
  • Focus on digital offerings may lead to cybersecurity vulnerabilities.
  • Economic downturns could reduce spending on classic car insurance and memberships.

What makes Hagerty unique

  • Hagerty specializes in insurance for classic and collector cars, unlike standard insurers.
  • The company offers a unique membership program with exclusive perks for car enthusiasts.
  • Hagerty engages its community through content creation and virtual car shows.

Help us improve and share your feedback! Did you find this helpful?