Markel Corp

Executive Claims Examiner, Miscellaneous Professional E&O

Markel Corp$97K — $134K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 4+ years of experience in professional liability claims or litigation.
  • College degree and/or professional designation required; JD preferred.
  • Strong written and oral communication skills.
  • Sound understanding of professional liability and excess liability insurance coverage.
  • Ability to analyze complex issues and propose actionable solutions.
  • Experience managing complex litigation and setting reserves.

Responsibilities

  • Investigate and settle complex primary and excess policy claims in various sectors.
  • Make coverage determinations and draft correspondence for policyholder communication.
  • Manage nationwide litigation against insureds and coordinate defense counsel.
  • Communicate significant developments to management and underwriting teams.
  • Contribute to the implementation of management initiatives and action plans.
  • Provide training and act as a technical referral for team members.
  • Participate in agent-related functions and ongoing training of claims examiners.

Benefits

  • Opportunity to operate autonomously with minimal oversight.
  • Significant role in decision-making within the claims process.
  • Engagement in training and mentorship for other team members.
  • Collaboration in a team-oriented work environment.
  • Involvement in high complexity and high exposure claims.
Full Job Description
This position will be the acknowledged technical expert and be responsible for the resolution of high complexity and high exposure claims. The position will have significant responsibility for decision making and work autonomously within their authority with minimal oversight. The position will also provide training and be a technical referral point for other team members. Responsibilities: Investigate, negotiate and settle complex primary and excess policy claims including legal malpractice, architects and engineers, financial advisors and miscellaneous professional liability. Investigate and analyze coverage under primary and excess professional liability insurance policies; make coverage determinations; draft routine and complex coverage correspondence; effectively communicate coverage positions to policyholders and other stakeholders; manage claims involving coverage litigation. Manage litigation filed nationwide against insureds; appoint, direct and manage defense counsel; proactively work toward expeditious and economical resolution of claims; assist Company claims vendor management, disbursement and legal collections teams with defense counsel, bill payment and collection issues. Communicate with underwriting as needed to manage claims and to alert of any significant developments. Promptly communicate with management on adverse case developments and provide information on pertinent issues affecting professional liability product lines. Proven ability to work in a collaborative team environment. Analyze and convey summations of complex issues; recognize alternative approaches and develop action plans, both orally and in written form. Maintain and adhere to Markel’s guidelines and procedures. Ensure proper adherence to internal reporting requirements. Contribute and assist in the implementation of a wide range of initiatives, discussion and action plans brought forth by management. Participate in agent related functions and meetings as required. Actively participate in the ongoing training and development of the claims examiners. Requirements:  minimum 4+ years of professional liability claims or litigation experience required. Excess liability (quota share, first layer and high layer) claims or litigation experience a plus. College degree and/or professional designation required, JD preferred. Excellent written and oral communication skills. Sound comprehension of insurance coverage posed by professional liability and excess liability policies. Ability to analyze and convey summations of complex issues both verbally and in writing; recognize alternative approaches and develop action plans. Experience in determining contractual obligations, insurance coverage analyses, and investigations. Insurance coverage litigation experience a plus. Ability to manage complex litigation, set loss and expense reserves and evaluate settlement values. Work collaboratively and as team player willing to assist within the Unit and Professional Liability Division as needed. Ability to proactively self-manage a caseload. Travel required as necessary (approximately 5-10%). US Work Authorization US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future. Pay information: The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure,demonstratedcompetencies, geographic location, and other factors. The national average salary range for the Executive Claims Examineris $97,520 - $134,090with 25% incentive.

About Markel Corp

Markel Corp Careers

Join the vibrant team at Markel Corp, a global leader in insurance, reinsurance, and investment operations. At Markel Corp, we believe in fostering an environment of growth and innovation, making it an ideal place for professionals seeking to advance their careers in a dynamic and supportive setting.

Work You'll Do

At Markel Corp, you'll be part of a culture that cherishes diversity and leadership. Our team is committed to providing you with the opportunities to develop your professional skills through targeted training programs and diverse job opportunities. Whether you're looking for a position in management, finance, IT, or customer service, Markel Corp offers a variety of career paths to help you achieve your professional goals.

Innovate and Lead

Embrace the chance to work on groundbreaking projects that redefine the industry standards. Markel Corp is at the forefront of combining technology with insurance solutions, driving innovation and efficiency. Our leadership is deeply involved in developing strategies that leverage our robust networking capabilities to enhance our market presence and service quality.

Join Our Team

Discover a world of opportunities at Markel Corp. We are continuously hiring and looking for talented individuals who are eager to contribute to our mission and vision. Explore job opportunities and internships that will utilize your unique skills and passions. Our team is our greatest asset, and we invest in their growth through comprehensive benefits, professional development, and diversity training.

Develop Your Career

Markel Corp is not just a company; it's a place where you can build a lasting career. Benefit from our development programs that are designed to nurture your leadership potential. From internships to full-time positions, we provide the support and resources to grow your career. Our commitment to professional growth ensures that every team member has the tools to succeed and lead.

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Learn more about Markel Corp
Size
20,300 employees
Market Cap
$17.4 billion
Industry
Net Income
$816 million
Founded
1930
5 Year Trend
+17.9%
Revenue
$9.7 billion
NASDAQ

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