Senior Surety Claims Leader

Munich Re Specialty - North America; Chicago (IL); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays and PTO

Job summary

Munich Re Specialty - North America is seeking a Senior Claims Specialist - Surety to lead in-house handling of Performance and Payment Bonds. You will direct investigations, adjust and litigate with counsel, and drive recoveries while coordinating with vendors and internal teams.

The role requires strong knowledge of coverage, bond forms, and regulatory requirements, plus the ability to travel up to 25% for mediations, settlements, and meetings.

Qualifications

• Bachelor’s degree required; JD a plus.
• 8+ years experience handling surety matters.
• Detail oriented, adaptable, and strategic in decision-making.
• Strong communication and collaboration with internal/external partners.

Responsibilities

• Thorough investigation and assessment of claims against surety bonds for coverage and recoveries.
• Understand coverage issues, bond forms, contracts and regulatory requirements.
• Proactive management of claims with strategic vision and timely reserves.
• Coordinate outside counsel and vendors to achieve optimal claim outcomes.
• Present high exposure claims to leadership and stakeholders.
• Collaborate with internal/external partners for client meetings and audits.

Skills

Surety claims

Negotiation

Litigation coordination

Travel 25%

Education

Bachelor's degree

JD (optional)

Job description

Munich Re Specialty - North America is seeking a Senior Claims Specialist - Surety to lead in-house handling of Performance and Payment Bonds. You will direct investigations, adjust and litigate with counsel, and drive recoveries while coordinating with vendors and internal teams.

The role requires strong knowledge of coverage, bond forms, and regulatory requirements, plus the ability to travel up to 25% for mediations, settlements, and meetings.