Financial Lines Claims Counsel

MSIG Holdings•Chicago, IL

About The Position

MSIG USA is seeking a Financial Lines Claims Counsel to manage high-exposure and complex Financial Lines claims. This role is crucial for the development of the Financial Lines Claims organization and requires deep expertise in Financial Lines coverage and claims handling. The position focuses on Directors & Officers (D&O), Financial Institutions Professional Liability (E&O), Employment Practices Liability (EPL), Fiduciary, and Fidelity claims, including complex litigation, class actions, securities matters, and high-severity financial loss exposures. The role offers significant autonomy, visibility, and the opportunity to influence claim outcomes and business expansion.

Requirements

Juris Doctor (JD) from an accredited law school.
Active bar admission in at least one U.S. jurisdiction and in good standing.
7+ years of experience handling Financial Lines claims, coverage litigation, or complex commercial litigation.
Strong knowledge of D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity coverages.
Experience evaluating complex coverage issues and large-loss exposures.
Excellent written and verbal communication skills.
Ability to independently manage a sophisticated caseload and make sound claim decisions.
Strong negotiation, analytical, and problem-solving skills.

Nice To Haves

Carrier or broker-side Financial Lines claims experience preferred.
Experience handling claims involving financial institutions, private equity firms, investment managers, or other complex financial organizations preferred.
Background managing securities claims, class actions, regulatory matters, and high-exposure commercial disputes preferred.
Experience working with primary policies preferred.
Professional liability and financial institution claim expertise preferred.

Responsibilities

Manage a diverse portfolio of complex Financial Lines claims from initial notice through resolution.
Analyze coverage, liability, damages, and exposure issues, establish appropriate reserves, and provide accurate claim assessments involving D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity policies.
Draft coverage position letters, reservation of rights letters, and other claim-related communications.
Evaluate and manage high-severity matters, including securities litigation, class actions, regulatory investigations, and complex commercial disputes.
Develop and execute strategic claim resolution plans, including settlement negotiations within delegated authority and escalation of matters requiring higher-level approval.
Coordinate with outside counsel on litigation strategy while controlling legal spend.
Collaborate with underwriting, actuarial, legal, and senior leadership on emerging risks, claim trends, and portfolio performance.
Build and maintain strong relationships with insureds, brokers, defense counsel, and business partners.
Prepare claim summaries, authority requests, and management reports while maintaining accurate claim documentation and file records in accordance with company and regulatory requirements.
Contribute to the continued growth and development of the Financial Lines claims operation.