Allied World Assurance Company Holdings, AG

AVP, D&O Claims

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience in liability insurance claims handling or related experience
  • Preferred experience with specialty lines claims
  • Strong knowledge of D&O, fiduciary, crime, and other professional lines claims
  • Excellent negotiation and communication skills
  • Proficient in Microsoft Office and technical writing

Responsibilities

  • Manage a heavy caseload of diverse claims efficiently
  • Analyze coverage and draft timely coverage positions
  • Interact with brokers, defense counsel, and other relevant parties
  • Establish reserves and report on claims developments
  • Collaborate with underwriting and other departments on projects
  • Prepare summaries and reports for management
  • Engage with clients and brokers at industry events

Benefits

  • Health, Dental and Disability Insurance
  • Company match 401(k) plan
  • Group Term Life Insurance
Full Job Description
Job Summary
Investigate, evaluate, and resolve claims made against the Company's insurance policies including public and private D&O, fiduciary, crime, and other professional lines policies. Engage in collaborative projects in support of other areas of the company, including underwriting, finance and accounting, actuarial, operations, and technology. Provide superior service to all customers, whether internal or external.

Job Duties
  • Efficiently manage a vigorous load of claims involving a broad spectrum of accounts and coverages. Promptly analyze coverage, draft accurate and timely coverage positions, and manage litigation by effectively interacting with insureds, brokers, defense counsel and other parties as required. Establish timely and appropriate reserves and regularly report claim developments and trends to claims and underwriting management. RepresEfficiently manage a vigorous load of claims involving a broad spectrum of accounts and coverages. Promptly analyze coverage, draft accurate and timely coverage positions, and manageent Company in the resolution of claims and participate in legal proceedings, including mediations.
  • Work with other areas of the Company including underwriting, finance and accounting, actuarial, operations and technology on projects as requested. Prepare claim summaries and other reports as necessary for management.
  • Meet with existing or prospective clients and brokers. Attend relevant industry conferences/meetings.


Job Requirements
  • At least 7 years' experience handling liability insurance claims or related relevant experience. Experience handling specialty lines claims is preferred. Four-year college degree is required, but J.D. is strongly preferred.
  • Substantial knowledge of issues underlying insurance claims with a concentration on D&O, fiduciary, crime, and other professional lines claims.
  • Excellent negotiation and communication skills. Some technical writing experience. Proficient with Microsoft Office products, internet research and typing.
  • Ability to accurately and timely analyze coverage and instruct and collaborate with counsel regarding litigation strategy and claim resolution and resolve claims and otherwise act within the scope of delegated authority.


Special Requirements

Work requires the ability to quickly and accurately read, comprehend, analyze and produce written materials and to use a computer for long periods of time. Some travel required.

The salary range for this role is between:

$115,000 - 140,000

The annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance.

About Allied World Assurance Company Holdings, AG

Allied World Assurance Company Holdings, AG is a global provider of insurance and reinsurance solutions. The company offers property, casualty, and specialty insurance and reinsurance products to clients worldwide. Allied World operates through a network of offices in Bermuda, the United States, Europe, and Asia. The company was founded in 2001 and is headquartered in Hamilton, Bermuda.
Learn more about Allied World Assurance Company Holdings, AG
Size
1,400 employees
Industry
Founded
2001
5 Year Trend
-2%
Revenue
$2.3 billion
NASDAQ

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