In-House

Princeton, NJ, United States

Head of Management Liability

Attorney

Min 10 yrs required

Full-time

No

Also, the range displayed is specifically for full-time positions in the United States and does not include all potential pay options or benefits. Salary Range: $162,500 - $216,500 Job Title: Head of Management Liability Experience: Minimum of 10 years Locations: New York, NY; Chicago, IL; Red Bank, New Jersey; Princeton, NJ Employment Type: Full time Posted On: Posted Yesterday Job Requisition ID: REQ05548 Department: North America Claims Company: AXIS Capital Introduction: Join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We offer outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also maintain an entrepreneurial, disciplined and ethical corporate culture. Inclusive Culture: We strive to create an inclusive and welcoming culture where employees of all backgrounds feel comfortable and empowered to be themselves at work. This means bringing our whole selves to work and embracing diversity in all its forms. Equal Opportunity: We are an equal opportunity employer and do not discriminate on the basis of race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. Position Summary: AXIS is seeking a Head of Management Liability - Claims to lead our North America Claims team and report to the Head of Professional Liability Claims. This role will have the lead responsibility for Management Liability Claims for AXIS Insurance North America and will work closely with colleagues across the organization to develop and drive an industry leading claims offering and strategy. Key Responsibilities: As the Head of Management Liability - Claims, you will be responsible for: • Leading and developing a team of claims professionals who handle a wide variety of Management Liability Claims including Public and Private Company Directors and Officers (D&O), Private Equity Errors and Omissions (E&O)/D&O, Investment Advisors, ICPL and Transactional Liability & Contingent Risk. • Ensuring that the team follows best practices in the investigation, analysis and evaluation of coverage liability and damages. • Providing technical advice, training and guidance to direct reports and TPA/Contractor adjusters. • Recruiting, hiring and retaining top talent and developing appropriate succession plans. • Reviewing management liability claims to determine nature of loss, coverage provided, and scope of claim and to guide strategic direction regarding settlement/disposition of claims. • Developing and maintaining relationships with internal and external partners, acting as the lead contact for assigned claims. • Collaborating with the Specialty Complex Claims team on coverage disputes, including litigation and arbitration matters. • Escalating coverage issues and recommending outside coverage counsel assignments for approval, when necessary. • Formulating claims and litigation strategies, assigning, directing, and managing outside counsel. • Managing costs, including use of coverage counsel and litigation costs, and working with the Litigation Management and Vendor Management teams to ensure cost management and the development and enhancement of counsel panel. • Fostering relationships and communicating extensively with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors. • Supporting underwriting inquiries and information requests regarding policy construction and drafting, reporting claim trends, data analysis, and risk assessments. • Maintaining documentation of key line of business statistics and metrics. • Leading and participating in presentations and discussions with Underwriters and Insureds on large losses and claim trends. • Leading and participating in claim audits, audit wrap up meetings, and formal result reporting. • Developing and refining a best in class Panel for the middle market segments of CMS and FI Claims. • Actively managing and reviewing KPIs including new claim counts, closing ratios, staffing needs, ULAE and ALAE spend, MIA audit process, and performance issues. • Partnering with CMS and FI Underwriting & Professional Liability Actuarial on issues including claim metrics, claim trends, and risk assessments. • Participating in special projects and department initiatives. • Identifying liability and coverage trends and issues, and formulating processes and strategies for handling such claims. • Coaching and mentoring direct reports, providing regular feedback, and developing employees for broader roles and responsibilities. • Other duties as assigned. Qualifications: • Juris Doctorate. • Minimum of 10 years of experience handling or leading complex Management Liability claims and driving claims strategy. • Demonstrated ability to work effectively as part of a team, interact with peers and others within AXIS Insurance, meet deadlines, and successfully perform in a changing and challenging work environment. • High exposure/complex claim exposure evaluation skills. • Excellent negotiation, communication and interpersonal skills. Key Skills & Abilities: • 10+ years of Management Liability claims management experience. • Demonstrated leadership, organizational, and management skills, or experience practicing law and claims management. • Ability to influence and collaborate at all organizational levels, both internally and externally. • Ability to identify and resolve complex, disputed claims. • Analytical thinker with the ability to drive results using all facets of the legal and claims processes. • Understanding of and ability to balance both the immediate claim issues and the broader portfolio impact and customer service impact of coverage disputes and issues. • Excellent oral and written communication skills, with the ability to deal effectively with people with conflicting expectations, differing opinions, and multiple viewpoints. • In-depth knowledge of claims, litigation, arbitration, and trial processes, as well as excellent analytical, investigative, and negotiating skills. • Technical knowledge, skills, and training within the field, including complex coverage analysis, D&O coverage knowledge, and confidence in coverage evaluation and reserving. • Excellent presentation, writing and editing skills. • Solid negotiation and settlement skills. • Supervisory perspective, with experience providing direction and authority to adjusters. • Familiarity with

Interested candidates can apply through the company's website or by submitting a resume and cover letter to the contact person listed below.

Qualification and Experience Juris Doctorate, minimum 10 years experience in Management Liability claims and strategy, admission to practice a plus, valid adjuster licenses in relevant states

Legal

Hiring Coordinator
AXIS Capital
1 University Square Drive
Suite 200
Princeton, NJ 08540
Phone: 1 609-375-9200
Fax: 1 609 375 9170