We are seeking an experienced and detail-oriented Financial Lines Claims Counsel to join our Financial Lines Claims and Cyber team. The Claims Attorney will be responsible for handling complex matters, including high severity claims and class actions, from inception through resolution for Financial Lines and Cyber products with an emphasis on Directors & Officers (D&O), Financial Institutions Professional Liability (E&O), Pension Trust (Fiduciary), Employment Practices Liability, and Fidelity policies.
The team also handles other Specialty Lines such as Cyber, Political Risk & Trade Credit, Transactional and Tax claims.
You will work closely with internal and external customers and stakeholders, deliver excellent customer service, analyze coverage, draft coverage letters, evaluate liability, make claim presentations, set judgmental reserves, and formulate and execute resolution strategies.
The role can be located in one of the following office locations: NYC, Atlanta, Chicago, Cincinnati, Dallas, Los Angeles, or Warren NJ hybrid work environment (4 days in office).Key Responsibilities:- Proactively manage claims throughout their lifecycle from initial notification through final disposition.
- Conduct timely and thorough investigations and analyses to determine coverage, liability and damages.
- Work closely with insureds, brokers, legal counsel, vendors, and other stakeholders throughout the claims process.
- Collaborate on claim resolution strategies.
- Negotiate direct and mediated settlements within designated authority limits.
- Prepare claim summaries and reports and make presentations.
- Provide feedback on claims and trends to underwriting and stakeholders.
- Maintain accurate and up-to-date claim files and diary system.
Qualifications:- Bachelor's and Juris Doctorate degrees required
- Minimum of 7 years of experience handling insurance coverage litigation, Financial Lines or Cyber insurance claims, commercial litigation or other related experience.
- Excellent communication and interpersonal skills to deliver exceptional customer service and build and maintain customer relationships.
- Strong negotiation skills.
- Detail-oriented with an ability to independently manage a caseload and prioritize tasks and deadlines.
- Proficiency in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)
- Ability to travel as needed.
*** Candidate must be admitted to practice law in a US jurisdiction and in good standing #LI-HYBRID
SALARY: The estimated salary range for this position is $110,000.00 - $230,000.00 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&D) 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
