AVP, D&O Claims

Posted 3 Days Ago
Be an Early Applicant
Farmington, NM, USA
In-Office
115K-140K Annually
Senior level
Insurance
The Role
Investigate, evaluate and resolve D&O, fiduciary, crime and other professional lines claims. Manage a heavy caseload, analyze coverage, set reserves, coordinate litigation strategy with counsel, prepare reports, and collaborate with underwriting, actuarial, finance and operations. Engage brokers and clients and attend industry meetings.
Summary Generated by Built In

Take the next step in your career with us.
Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.
We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.
Our people are our most important asset, and we are very proud of the quality of our team members.


Job Summary
Investigate, evaluate, and resolve claims made against the Company’s insurance policies including public and private D&O, fiduciary, crime, and other professional lines policies. Engage in collaborative projects in support of other areas of the company, including underwriting, finance and accounting, actuarial, operations, and technology. Provide superior service to all customers, whether internal or external.
Job Duties

  • Efficiently manage a vigorous load of claims involving a broad spectrum of accounts and coverages. Promptly analyze coverage, draft accurate and timely coverage positions, and manage litigation by effectively interacting with insureds, brokers, defense counsel and other parties as required. Establish timely and appropriate reserves and regularly report claim developments and trends to claims and underwriting management. RepresEfficiently manage a vigorous load of claims involving a broad spectrum of accounts and coverages. Promptly analyze coverage, draft accurate and timely coverage positions, and manageent Company in the resolution of claims and participate in legal proceedings, including mediations.

  • Work with other areas of the Company including underwriting, finance and accounting, actuarial, operations and technology on projects as requested. Prepare claim summaries and other reports as necessary for management.

  • Meet with existing or prospective clients and brokers. Attend relevant industry conferences/meetings.

Job Requirements

  • At least 7 years’ experience handling liability insurance claims or related relevant experience.  Experience handling specialty lines claims is preferred.  Four-year college degree is required, but J.D. is strongly preferred.

  • Substantial knowledge of issues underlying insurance claims with a concentration on D&O, fiduciary, crime, and other professional lines claims.

  • Excellent negotiation and communication skills. Some technical writing experience.  Proficient with Microsoft Office products, internet research and typing.

  • ·     Ability to accurately and timely analyze coverage and instruct and collaborate with counsel regarding litigation strategy and claim resolution  and resolve claims and otherwise act within the scope of delegated authority.

Special Requirements

     Work requires the ability to quickly and accurately read, comprehend, analyze and produce written materials and to use a computer for long periods of time.  Some travel required.

  

The salary range for this role is between:

$115,000 – 140,000

The annualized base pay range is a broad range based on analysis of similar positions in the market.  The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment.  Base salary represents one component of Allied World’s comprehensive total reward package, which may also include annual incentive compensation rewards.


Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer.  All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.

Working at Allied World

Our team of over 1,650 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:
• Instant membership in the Allied World — a global network of colleagues who will support your career journey
• A manager who will help you build your career through a structured coaching program
• Access to a full suite of learning and development tools and resources
Global Presence

Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto. We strive to provide exceptional service to our clients and distribution partners.

Skills Required

  • At least 7 years' experience handling liability insurance claims or related relevant experience.
  • Four-year college degree.
  • J.D.
  • Substantial knowledge of D&O, fiduciary, crime and other professional lines claims.
  • Experience handling specialty lines claims.
  • Excellent negotiation and communication skills; technical writing experience.
  • Proficiency with Microsoft Office, internet research, and typing.
  • Ability to analyze coverage accurately, collaborate with counsel, and act within delegated authority.
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The Company
1,700 Employees
Year Founded: 2001

What We Do

Allied World Assurance Company Holdings, Ltd., through its subsidiaries, provides global insurance and reinsurance solutions under the Allied World brand. Since 2001, it has supported clients, cedents, and trading partners with thoughtful service and meaningful coverages. The company is a subsidiary of Fairfax Financial Holdings Limited and benefits from a worldwide network of affiliated entities. It serves international property, casualty, specialty insurance, and reinsurance needs.

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