What are the responsibilities and job description for the Claims Specialist - D&O position at AXIS (AXIS Capital)?
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to 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.
AXIS Capital
Claims Specialist D&O - Claims (Hybrid)
About AXIS
This is your opportunity to join AXIS Capital – a leading provider of specialty insurance and global reinsurance. We give people and organizations the confidence to take necessary risks in the pursuit of their goals and ambitions. Our strength is grounded in our people and culture, which encourages collaboration, diversity, and entrepreneurialism.
Life at AXIS
Contact
Talent Acquisition Partner
NOT TO BE DISTRIBUTED WITHOUT PRIOR PERMISSION
Job Description
AXIS is seeking a Claims Specialist - D&O - Claims to join our North America Claims team and will report to the Head of Management Liability – D&O Claims. The selected candidate will work closely with colleagues across AXIS Insurance including North American Claims and International Claims and the Directors & Officers (D&O) Business Unit to develop and drive an industry leading claims offering and strategy.
This role will be responsible for:
Handling and managing a wide variety of Private and Public Company D&O claims under limited supervision. (Experience with securities litigation, class actions, government investigations and/or bankruptcy issues a plus.)
Investigation, analysis and evaluation of coverage, liability and damages, within best practices and maintain appropriate documentation
Reviewing D&O 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
Escalating coverage issues and recommending outside coverage counsel assignments for approval, where warranted
Formulating claims and litigation strategies, assigning, directing, and managing outside counselEvaluate full pending of claims in connection with the posting and maintaining of accurate reservesManaging costs, including use of coverage counsel and litigation costs as well as collaborating and working with the Litigation Management and Vendor Management teams ensuring cost management and the development and enhancement of panel counsel Maintain and develop relationships with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors (both external and internal)
Supporting underwriting inquiries and information requests and drafting, reporting claim trends, data analysis, and risk assessments
Leading and participating in presentations and discussions with Underwriters and Insureds on large losses and claim trends
Participating in claim audits
Participate in special projects and department initiatives.
Other duties as assigned
Qualifications:
Minimum of 5-7 years of D&O claims management experience. as well as:
Possess required state claims adjuster licenses or ability to obtain such licenses as required within 90-120 days of hiring (preferred states are NY, CA, FL, and/or TX, among others)
Demonstrated ability to influence and collaborate at all organizational levels, both internally and externally as well as the ability to identify and resolve complex, disputed claims
Analytical thinker that can drive results using all facets of the legal and claims processes Understanding of and ability to balance both the immediate claim issues as well as 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
Demonstrated ability and experience handling management liability claims involving a wide variety of loss scenarios as well as reporting and presenting about same to senior management
In-depth knowledge of claims, litigation, arbitration, and trial processes as well as excellent analytical, investigative, and negotiating skills
Juris Doctorate preferred. Admitted to practice a plus.
Technical knowledge, skills, and training within the field to include:Complex coverage analysis and experience requiredD&O knowledge requiredConfidence in coverage, evaluation and reservingExcellent presentation, writing and editing skillsSolid negotiation and settlement skillsFamiliarity with KPIs, Data, and Metrics a plus
Travel is associated with this role (e.g., off-site meetings, court proceedings, mediations, and settlement)
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to 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.
AXIS Capital
Claims Specialist D&O - Claims (Hybrid)
About AXIS
This is your opportunity to join AXIS Capital – a leading provider of specialty insurance and global reinsurance. We give people and organizations the confidence to take necessary risks in the pursuit of their goals and ambitions. Our strength is grounded in our people and culture, which encourages collaboration, diversity, and entrepreneurialism.
Life at AXIS
- Hybrid work model: We value work-life balance and offer flexibility to our employees through a hybrid work model
- Diverse and inclusive environment: We celebrate diversity and strive to create an inclusive environment for all employees
- Career growth opportunities: We are committed to your professional development and offer various opportunities for growth advancement
- Social impact initiatives: We believe in making a difference and support various social and
Contact
Talent Acquisition Partner
NOT TO BE DISTRIBUTED WITHOUT PRIOR PERMISSION
Job Description
AXIS is seeking a Claims Specialist - D&O - Claims to join our North America Claims team and will report to the Head of Management Liability – D&O Claims. The selected candidate will work closely with colleagues across AXIS Insurance including North American Claims and International Claims and the Directors & Officers (D&O) Business Unit to develop and drive an industry leading claims offering and strategy.
This role will be responsible for:
Handling and managing a wide variety of Private and Public Company D&O claims under limited supervision. (Experience with securities litigation, class actions, government investigations and/or bankruptcy issues a plus.)
Investigation, analysis and evaluation of coverage, liability and damages, within best practices and maintain appropriate documentation
Reviewing D&O 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
Escalating coverage issues and recommending outside coverage counsel assignments for approval, where warranted
Formulating claims and litigation strategies, assigning, directing, and managing outside counselEvaluate full pending of claims in connection with the posting and maintaining of accurate reservesManaging costs, including use of coverage counsel and litigation costs as well as collaborating and working with the Litigation Management and Vendor Management teams ensuring cost management and the development and enhancement of panel counsel Maintain and develop relationships with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors (both external and internal)
Supporting underwriting inquiries and information requests and drafting, reporting claim trends, data analysis, and risk assessments
Leading and participating in presentations and discussions with Underwriters and Insureds on large losses and claim trends
Participating in claim audits
Participate in special projects and department initiatives.
Other duties as assigned
Qualifications:
- Juris Doctorate preferred
- Minimum of 5-7 years of experience handling D&O claims
- Demonstrated ability to work effectively as part of a team, meet deadlines, and successfully perform in a changing and at times, challenging work environment
- High exposure/complex claim exposure evaluation skills
- Demonstrated ability to manage the “flow” associated with D&O and manage KPIs
- Excellent negotiation, communication and interpersonal skills.
Minimum of 5-7 years of D&O claims management experience. as well as:
Possess required state claims adjuster licenses or ability to obtain such licenses as required within 90-120 days of hiring (preferred states are NY, CA, FL, and/or TX, among others)
Demonstrated ability to influence and collaborate at all organizational levels, both internally and externally as well as the ability to identify and resolve complex, disputed claims
Analytical thinker that can drive results using all facets of the legal and claims processes Understanding of and ability to balance both the immediate claim issues as well as 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
Demonstrated ability and experience handling management liability claims involving a wide variety of loss scenarios as well as reporting and presenting about same to senior management
In-depth knowledge of claims, litigation, arbitration, and trial processes as well as excellent analytical, investigative, and negotiating skills
Juris Doctorate preferred. Admitted to practice a plus.
Technical knowledge, skills, and training within the field to include:Complex coverage analysis and experience requiredD&O knowledge requiredConfidence in coverage, evaluation and reservingExcellent presentation, writing and editing skillsSolid negotiation and settlement skillsFamiliarity with KPIs, Data, and Metrics a plus
Travel is associated with this role (e.g., off-site meetings, court proceedings, mediations, and settlement)
