Claims Manager, D&O Financial Lines

Starr Underwriting; New York (NY); On-site; USD 140,000 - 160,000; Full time

Job summary

An established industry player is seeking driven individuals to join their team in New York. This role involves managing D&O and Financial Lines claims, requiring a strong background in the insurance and legal fields. The successful candidate will evaluate coverage, negotiate resolutions, and ensure compliance with federal and state laws. This is a fantastic opportunity to grow within a rapidly expanding organization that values talent and offers excellent training and development opportunities. If you're passionate about making a difference in the insurance sector, this position is for you.

Qualifications

• 5+ years in insurance/legal profession with FLPL claims experience.
• Strong understanding of U.S. legal system and civil litigation.

Responsibilities

• Manage D&O and Financial Lines claims effectively.
• Evaluate coverage and negotiate claims resolutions.

Skills

FLPL claims management

Negotiation skills

Interpersonal communication

Legal evaluation

Education

Bachelor’s degree

Juris Doctor

Job description

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Starr is looking for "driven" and "passionate" individuals to join our team. There's no shortage of opportunities as we continue to grow.

Preferred Location: New York

Alternate Location: Chicago, Atlanta, Los Angeles, Philadelphia or San Francisco

Essential Job Functions

This position will be responsible for the active management of D&O and other Financial Lines claims within the Financial and Professional Lines (FLPL) Claims Group. Prior experience handling FLPL claims, including public D&O claims and primary private and non-profit D&O claims is strongly preferred. The successful candidate will be required to evaluate coverage, draft coverage correspondence, undertake claims investigations, manage defense counsel and legal spend, assess liability and financial exposure, and effectively negotiate cost effective, good faith claims resolutions.

Requirements

• Bachelor’s degree and Juris Doctor preferred.
• 5+ years of experience in the insurance/legal profession dealing specifically with FLPL claims.
• Experience handling primary private and non-profit D&O, public D&O, fiduciary liability (ERISA) and fidelity claims preferred. Carrier experience a plus.
• In-depth understanding of policy language/coverage.
• Experience managing, evaluation, mediating and negotiating FLPL claims. In-depth knowledge of the U.S. legal system, civil litigation, and ADR proceedings.
• Comprehensive understanding and knowledge of federal and state laws applicable to various claims presented under FLPL policies.
• Strong interpersonal and communication skills, both verbal and written.

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training, licensure and certifications; and other business and organizational needs. A reasonable estimate of the current range is $140,000 - $160,000.

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Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.