Financial Lines Claims Counsel

MSIG Holdings; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Healthcare and Retirement Benefits

401(k) with employer match and profit‑

Paid time off

Wellness program

Life and AD&D insurance

Tuition reimbursement

Disability plans

Parental leave

Charitable leave

Flexible spending programs

Job summary

MSIG USA is seeking a Financial Lines Claims Counsel to manage high-exposure and complex Financial Lines claims, including D&O, E&O, EPL, Fiduciary, and Fidelity lines. The role emphasizes autonomy, strategic claim resolution, and collaboration with underwriting, actuary, and senior leadership to drive portfolio performance.

The position offers visibility and opportunities to influence claim outcomes while contributing to the growth of MSIG USA's Financial Lines practice.

Qualifications

• Juris Doctor (JD) from an accredited law school and active bar admission in at least one U.S. jurisdiction in good standing.
• 7+ years of experience handling Financial Lines claims, coverage litigation, or complex commercial litigation.
• Strong knowledge of D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity coverages.

Responsibilities

• Manage a diverse portfolio of complex Financial Lines claims from initial notice through resolution.
• Analyze coverage, liability, damages, and exposure issues; establish reserves and provide claim assessments.
• Draft coverage position letters and reservation of rights letters.
• Evaluate high-severity matters including securities litigation and class actions.
• Develop strategic claim resolution plans and negotiate settlements within authority.

Skills

Communication skills

Negotiation

Analytical thinking

Problem solving

Independent caseload management

Education

Juris Doctor (JD)

Bar admission in US jurisdiction

Job description

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

Summary

As the Financial Lines portfolio continues to grow, the Financial Lines Claims Counsel will play a meaningful role in the development of the Financial Lines Claims organization. This position manages high-exposure and complex Financial Lines claims and brings deep expertise in Financial Lines coverage and claims handling. The role focuses primarily on Directors & Officers (D&O), Financial Institutions Professional Liability (E&O), Employment Practices Liability (EPL), Fiduciary, and Fidelity claims, including complex litigation, class actions, securities matters, and high-severity financial loss exposures. The position offers significant autonomy, visibility, and the ability to influence claim outcomes and the continued expansion of the business.

Essential Functions

• Manage a diverse portfolio of complex Financial Lines claims from initial notice through resolution.
• Analyze coverage, liability, damages, and exposure issues, establish appropriate reserves, and provide accurate claim assessments involving D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity policies.
• Draft coverage position letters, reservation of rights letters, and other claim-related communications.
• Evaluate and manage high-severity matters, including securities litigation, class actions, regulatory investigations, and complex commercial disputes.
• Develop and execute strategic claim resolution plans, including settlement negotiations within delegated authority and escalation of matters requiring higher-level approval.
• Coordinate with outside counsel on litigation strategy while controlling legal spend.
• Collaborate with underwriting, actuarial, legal, and senior leadership on emerging risks, claim trends, and portfolio performance.
• Build and maintain strong relationships with insureds, brokers, defense counsel, and business partners.
• Prepare claim summaries, authority requests, and management reports while maintaining accurate claim documentation and file records in accordance with company and regulatory requirements.
• Contribute to the continued growth and development of the Financial Lines claims operation.

Education and Experience

• Juris Doctor (JD) from an accredited law school.
• Active bar admission in at least one U.S. jurisdiction and in good standing.
• 7+ years of experience handling Financial Lines claims, coverage litigation, or complex commercial litigation.
• Strong knowledge of D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity coverages.
• Experience evaluating complex coverage issues and large-loss exposures.

Other qualifications and skills

• Carrier or broker-side Financial Lines claims experience preferred.
• Experience handling claims involving financial institutions, private equity firms, investment managers, or other complex financial organizations preferred.
• Background managing securities claims, class actions, regulatory matters, and high-exposure commercial disputes preferred.
• Experience working with primary policies preferred.
• Professional liability and financial institution claim expertise preferred.
• Excellent written and verbal communication skills.
• Ability to independently manage a sophisticated caseload and make sound claim decisions.
• Strong negotiation, analytical, and problem-solving skills.

SALARY: The estimated salary range for this position is $150,000.00 - $200,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.

Additional Benefits:

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&DD) insurance
• Flexible spending programs
• Short-term and long-term disability plans
• Additional Benefit Programs
• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.