About Us
Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:
Integrity Work honestly, to enhance TransRe’s reputation
Respect Value all colleagues. Collaborate actively.
Performance We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths
Entrepreneurship Seize opportunities. Innovate for and with customers.
Customer Focus Anticipate their priorities. Exceed their expectations.
We have the following job opportunity in our New York City office:
Description
We seek an experienced claims professional to join our growing FAIRCO team in our New York City office. FAIRCO is a subsidiary of TransRe Holdings, a Berkshire Hathaway company. As a member of FAIRCO, the Complex Claims Examiner will be responsible for adjusting Professional & Management Liability claims, with opportunities for experiences with other FAIRCO programs. Responsibilities will include but not be limited to:
- Managing and adjusting primary and excess Professional & Management Liability claims, including private and public company, Directors and Officers, lawyers liability, accountants liability, financial institutions, cyber, employment practices and miscellaneous professional liability.
- Proactively handling claims throughout the entire claim lifecycle from inception to resolution.
- Analyzing policy coverage and drafting coverage analyses based on contract terms and claim details.
- Evaluating liability and damages to determine the level of exposure to the insured and the policy.
- Directing and closely monitoring assignments to defense counsel and experts in accordance with relevant guidelines.
- Collaborating with underwriters, brokers, program partners, and insureds to ensure seamless claims resolution.
- Traveling to and attending claims mediations, as required.
- Developing and implementing claims handling strategies to mitigate risk and reduce claim expenses.
Requirements
The ideal candidate will possess the following knowledge, skills and abilities:
- Extensive experience litigating or handling issues pertaining to complex Professional & Management Liability issues, with a focus on Directors and Officers coverage.
- Experience leading mediations for Professional & Management Liability claims.
- Experience evaluating coverage under various types of policies, drafting coverage correspondence, and participating in claims investigations.
- Track record of effectively managing defense counsel and legal spend, assessing liability and financial exposure, and effectively negotiating cost effective, good faith claims resolutions.
- Juris Doctorate preferred.
- Willingness to travel up to 25% of the time for mediations, industry conferences, and client meetings.
- Possession of, or willingness to obtain, a New York and other state adjuster’s licenses.
Work Schedule
TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences, marketplace trends, and TransRe’s business objectives. This position is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.
Compensation
In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $140,000 - $180,000. This range is an estimate, and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.
We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.
Top Skills
What We Do
We are a leading international reinsurance organization headquartered in New York with operations worldwide.
We offer reinsurance capacity on both a treaty and facultative basis.
We built our business on the principles of capacity, reliability, expertise and creativity to deliver the risk transfer solutions you need to support your business.
We work closely with you, listening and asking to understand your strategic objectives, and offering you the full spectrum of property and casualty products, services and support to help you grow and succeed.
We have dedicated teams of local professionals near you and we build relationships based on the fundamental promise that we will be here when you need us.
We have the ability and willingness to pay your claims.
We are members of the Berkshire Hathaway group of companies.
We value risk.
Our Core Values are woven into our key employment policies and procedures:
Integrity - Work honestly. Enhance our reputation.
People - Develop diverse talent. Reward excellence.
Customer Focus - Anticipate their priorities. Exceed their expectations.
Respect - Value all colleagues. Collaborate with one another.
Entrepreneurship - Seize opportunities. Innovate for and with customers.
Performance - Be accountable. Manage risks. Deliver our strength.
For immediate and confidential consideration, please email your resume to [email protected].
