November 08, 2023
Linda S. Lin
New York-based chief legal officer, SiriusPoint Ltd.
New York-based general counsel and corporate secretary at Coaction Global Inc.
Insurance is the backbone of the economy in many ways, and I think we’re going to see a continuation of challenges underpinned by opportunity. Climate change, stark competition, increased rate fluctuations, shifting consumer demand, aspects of an old industry keeping up with technological advances, and the exiting and entering of capital from different types of markets, all create opportunities in the industry.
To help SiriusPoint achieve its strategic goals while minimizing the legal, regulatory and compliance risks. I’ve recently realigned the legal team to streamline the way we operate and support the business in a dedicated resource model rather than a reactive referral model. Our legal team now operates like a small law firm, we consult each other as internal experts, but have dedicated lawyers for each P&L and function. This way, there is one point of accountability, one point of aggregation, and one point of streamlined advice. Personally, I want to be challenged by my work, enjoy the people I’m working with, and make a tangible difference.
The changing regulatory landscape from federal regulators like the Securities and Exchange Commission to state insurance regulators like the N.Y. Department of Financial Services can be a challenge. It is key to align our processes and practices at local levels, while addressing them on a global scale. However, we’re up to the task and marching forward, with strong teams worldwide.
My entry into the industry was as a claims professional managing the primary D&O claims at Liberty International Underwriters.
Welcome. The insurance industry is full of opportunities. If you are willing to work hard, learn and try new things, there is an incredibly varied number of roles from which you can build a career. So don’t be afraid to try different things. Keep an open mind. Join a trade organization. Be cognizant of your reputation. Be kind.
I guess a professional snowboarder – that would be fun. My three children, including my four-year-old, all ski and my husband and I haven’t been able to convert them.
Philosophy, politics and law.
Going on the journey with SiriusPoint, reaching our goals and helping the company get back to core values and grow.
Sushi or a good bowl of ramen. My kids’ favorite is ramen and now it has become one of mine.
With three kids aged 10, seven and four, reading is a distant memory. “Outliers,” by Malcolm Gladwell, was a solid read. It talks about how hard work, basically mastering a skill by practicing for at least 10,000 hours, plus opportunity, creates success. One doesn’t have to have the highest IQ in the room or the biggest in the field.
In addition to snowboarding, I’m a fitness geek. I’m willing to try any exercise class at least once. I’m also an F1 fan.
“Billions” and “Succession” – you can see a theme emerging.
I’m a chauffeur for my three kids, but what I really would like to do is curl up with a book and a glass of wine.
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