Senior Claims Specialist - Management Liability

axiscapital; Chicago (IL); On-site; USD 130,000 - 160,000; Full time

Benefits offered by this job

Competitive incentive compensation

Office three days per week in Chicago

Job summary

AXIS Capital in Chicago is seeking a Senior Claims Specialist focused on Management Liability for Financial Institutions. You will investigate and evaluate claims, determine coverage, and guide complex disputes to resolutions, engaging with sophisticated insureds and brokers.

This role reports to the Head of Management Liability Claims, Complex Retail Financial Institutions, and offers meaningful opportunities to learn and grow within the team.

Qualifications

• JD required; strong background in litigation and claims handling.
• Ability to analyze complex coverage issues and advise on defense strategy.
• Excellent written and verbal communication; robust dispute resolution skills.

Responsibilities

• Serve as Senior Claims Specialist focusing on Management Liability-Financial Institutions liability claims.
• Manage diverse liability claims including Public D&O, Private D&O, Private Equity, Investment Advisors and related lines.
• Determine appropriate claim valuations and settlement strategies; collaborate with insureds, brokers, and partners.
• Travel to mediations, observe trials, and strengthen relationships with AXIS partners.
• Escalate coverage concerns to internal teams; coordinate with external coverage counsel when needed.
• Develop claims and litigation strategies; oversee work of external counsel and adjusters.
• Assist underwriting with inquiries; analyze claim trends and perform risk assessments.
• Keep precise records and update systems with relevant claim details.

Skills

Litigation management

Verbal communication

Written communication

Dispute resolution

Education

Juris Doctorate

Job description

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Advert

Senior Claims Specialist - Management Liability - Financial Institutions

Job Code

About the Team

AXIS is a leading provider of specialty insurance and global reinsurance. This role is on the Management Liability - Complex Retail Financial Institutions claims team, which handles excess and primary claims for directors and officers, investment advisors, banker's professional liability, insurance company professional liability, and related lines. This role reports to the Head of Management Liability Claims, Complex Retail Financial Institutions, and is responsible for investigating, analyzing, and evaluating claims in a variety of financial lines, ensuring proper coverage determinations, and navigating claims to successful conclusions. The selected individual will gain expertise in financial lines claims and coverage while engaging with sophisticated insureds and resolving complex disputes. This role offers meaningful opportunities to handle claims in specialized insurance sectors and to learn the broader range of Complex Retail Financial Lines products.

What Will You Do In This Role?

• Serving as a Senior Claims Specialist focused on Management Liability-Financial Institutions Claims within AXIS's North America Claim team.
• Managing a diverse range of liability claims, including Public D&O, Private D&O, Private Equity, Investment Advisors, Bankers Professional Liability, and Insurance Company Professional Liability.
• Determining the appropriate valuation of complex claims, recommending settlement strategies, adhering to company policies, and collaborating with insureds, brokers, and partners effectively.
• Traveling to distinctive destinations to participate in mediations, observe trials, and strengthen relationships with vital AXIS partners.
• Escalating coverage concerns to internal teams and collaborating with external coverage attorneys when specific assignments necessitate their involvement.
• Developing claims and litigation strategies, delegating tasks, and overseeing the work of external legal advisors effectively.
• Assisting with underwriting inquiries while analyzing claim trends, conducting data analysis, and performing comprehensive risk assessments to support decision-making processes.
• Keeping precise records of claim activities and promptly updating systems with all relevant details ensuring accuracy and efficiency.

About You

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What We're Looking For

• Candidates who bring unique perspectives and diverse skills to the team.
• Contribute actively to the success of a growing and dynamic team by bringing energy and a positive attitude.
• Hold a Juris Doctorate.
• Operate efficiently in settings with high visibility, shifting deadlines, and evolving expectations while staying focused and achieving outcomes.
• Demonstrate organizational abilities and solve problems effectively.
• Exhibit outstanding skill in verbal communication and written expression.
• Showcase skill as a litigator or litigation manager, well-versed in dispute resolution.
• Write coverage letters independently with precision and attention to detail, ensuring accuracy in all aspects of the work.

Role Factors

Travel is associated with this role. The role requires you to be in office 3 days per week and adhere to AXIS licensing requirements.

What We Offer

For this position, we currently expect to offer a base salary in the range of $130,000 - $160,000. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

• In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance.
• On top of this, you will be eligible f