Complex Claims Director, Financial Lines
2 days ago
We are seeking a highly skilled and experienced Claims Director to join our team at AIG. As a Claims Director, you will be responsible for managing complex commercial claims, including securities class actions, professional liability litigations, wrongful termination disputes, fraud, kidnapping, breach of representations and warranties, privacy breach class actions, etc.
Key Responsibilities- Manage complex commercial claims, including securities class actions, professional liability litigations, wrongful termination disputes, fraud, kidnapping, breach of representations and warranties, privacy breach class actions, etc.
- Prepare timely coverage assessments and issue coverage letters under various types of commercial insurance policies, such as Director & Officers Liability, Professional Liability, Employers Liability, Financial Institutions, Fidelity, Fiduciary, Merger & Acquisition and Cyber.
- Assess exposure on all claims/set reserves and present to management on high exposure losses.
- Monitor external counsel and ensure compliance to the litigation guidelines.
- Communicate with our underwriting partners any information that may impact risk assessment and ensure alignment.
- Provide optimal claims service to clients and broker partners.
- Attend mediations/settlement conferences.
- Negotiate and settle claims within the prescribed authority.
- Conform to company procedures/best practices.
- Fluency in both English and French (verbal and written) is essential, as a significant portion of the claims handled by the employee will be based in provinces other than Quebec, the United States and various other countries.
- AMF License OR commitment to obtain licensing within a reasonable timeframe after being hired.
- Legal degree, strongly recommended.
- Experience in civil and commercial litigation OR in insurance coverage litigation; OR substantive experience in insurance claims handling.
- Ability to work independently with minimal supervision.
- Excellent oral and written communication skills.
- Excellent organizational and interpersonal skills.
- Superior analytical skills.
- Ability to multi-task and work effectively and cooperatively in a fast-paced busy team environment.
- Ability to manage workload effectively and efficiently/ability to prioritize is essential.
- Proficient computer skills in a paperless environment.
AIG is a global leader in commercial and personal insurance solutions. We are committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs).
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
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