Complex Claims Director - Financial Lines

Posted:
11/1/2024, 10:10:56 AM

Location(s):
Toronto, Ontario, Canada ⋅ Ontario, Canada

Experience Level(s):
Senior

Field(s):
Legal & Compliance

Complex Claims Director, Financial Lines

Join us as a Claims Complex Director to take on key responsibilities within a world-class claims function.

Make your mark in Claims

Our Claims teams are the proven problem solvers of choice for clients, delivering consistent technical excellence and showcasing our service differentiation to create an unparalleled global claims handling experience. Through a robust stakeholder feedback loop and supported by consistent processes and leadership, we take pride in delivering responsive, fair and professional service with empathy and efficiency. 

How you will create an impact

  • Manage complex commercial claims such as 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 which 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 prescribed authority
  • Conform to company procedures/best practices

What you’ll need to succeed

  • A Lawyer with over 5 years of Commercial or insurance litigation preferably with an emphasis on D&O, E&O, Financial Institutions, Fidelity and/or Fiduciary claims, Cyber
  • Or
  • Substantive experience in complex claims / litigation management under Financial Lines products
  • Legal degree, strongly recommended
  • Excellent communication skills (verbal/written) and strong negotiation skills
  • Experience attending and controlling cases at mediations/settlement conferences, pre-suit, post-suit, pre-trial, and post-trial.
  • Ability to work independently with minimal supervision
  • 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

Ready to take your career to the next level? We would love to hear from you.

#LI-NT1, #legaljobs, #claims, #insurance, #lawyer

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re 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). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

Functional Area:

CL - Claims

AIG Insurance Company of Canada

American International Group

Website: https://aig.com/

Headquarter Location: New York, New York, United States

Employee Count: 10001+

Year Founded: 1919

IPO Status: Public

Industries: Commercial Insurance ⋅ Financial Services ⋅ Health Insurance ⋅ Insurance ⋅ Lending ⋅ Life Insurance ⋅ Property Insurance ⋅ Real Estate Investment ⋅ Retirement ⋅ Risk Management