Senior Claims Counsel, CML

Description:

Job Description:
We are seeking a Senior Claims Counsel, CML to join our Insurance Claims. This role will manage claims arising from or involving policies issued from An Insurance Company US Commercial Management Liability (“CML”) and Financial Institutions (“FI”) teams. This position handles US CML and FI (D&O) high exposure claims and provides legal review and policy drafting support to Underwriting. The successful candidate will be able to provide insight and analysis on complex high profile/high exposure US CML and FI claims.

Duties and Responsibilities:

• Handle US CML and FI claims and related systems and processes
• Evaluate exposures and make substantive claim decisions for US CML and FI claims and as needed on other lines of business
• Proven ability to provide coverage, liability, and damages analysis for complex D&O claims, including public and private D&O, Fiduciary Liability, and Fidelity
• Ability to proactively identify trends and exposures that may affect the CML and FI portfolios
• Support underwriting with legal review and policy drafting
• Ensure timely and accurate reporting of exposure to underwriting and management.
• Ensure appropriate narrative and arithmetic reports are timely prepared and disseminated
• As part of the Global Claims Team you will be expected to contribute to the success of the team by working closely with your colleagues worldwide on various projects as directed by the management and other members of Executive Team. This may include attending various industry conferences, possibly as a speaker/presenter, publishing on current claim trends and issues and assisting other offices on complex claims.
• You will be asked to communicate with and support underwriting and other functional groups within the organization
• Other duties as required by management
• Some travel as required

Minimum Qualifications:

• Law degree required
• Minimum of 5-10 years' experience required in D&O claims handling or related litigation with a career history of increasing responsibility
• Preference will be given if experience was at both a law firm and with an insurance carrier
• Strong preference for candidate who has pursued or is in the process of pursuing an insurance related designation e.g. RPLU or CPCU
• Direct handling of complex high profile/high exposure D&O and related claims with an emphasis on evaluating, handling, negotiating and settling complex matters with exposures in excess of $10M
• Meaningful legal review experience and policy drafting experience
• Demonstrated ability to establish close working relationship with other departments including underwriting & actuarial
• Strong negotiating, analytical, written and organizational skills with relevant mediation experience
• Excellent marketing and communication skills
• Strong computer skills (MS Word, Excel, Outlook and various in-house claims systems –Guidewire, Genius, ImageRight is a plus)

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