Senior Claims Analyst - Excess Trucking and GL

Riverstone Resources•Garden City, NY

6d•Hybrid

About The Position

The RiverStone Group, founded in 1999 and operating as part of Fairfax Financial Holdings, is a global insurance and reinsurance services organization specializing in legacy (run-off) insurance management, claims administration, and risk solutions. RiverStone helps insurers and reinsurers transfer and manage discontinued or non-core portfolios, enabling clients to free up capital and focus on active underwriting businesses. This role, reporting to the Unit Manager, is responsible for the direct handling of commercial claims specific to Excess Auto Trucking and requires some Excess General Liability claim experience. Familiarity with SME (small to midsize enterprises) insureds involving trucking auto claims and excess premises liability is expected. Duties include investigation and evaluation of coverage, liability, risk transfer (i.e., indemnification and/or tender application), and damages issues. The role will be responsible for claim and coverage evaluation, detailed liability and damage analysis, and the establishment/recommendation of adequate excess reserve exposure and reserving. It involves working with primary carriers regarding litigation management, case exposure and resolution, and best claims outcome, as well as transaction processing in alignment with the Company’s and Client’s Strategic Vision.

Requirements

At least seven (7) years of Commercial GL experience
Some experience with Excess Trucking
Primary GL required

Nice To Haves

Excess GL preferred

Responsibilities

Directly handle commercial and business general liability claims
Mentor and guide less experienced claim analysts
Manage external relationships including third-party administrative oversight
Anticipate and identify risks and opportunities on coverage and liability
Anticipate and identify transfer of risk, tender and/or indemnification
Directly handle and/or assist in monitoring, reviewing, and coordinating the activities involving commercial and/or personal lines insurance claims, including analysis of coverage issues, establishment of adequate reserves, and the resolution and closure of claims
Review loss notices; confirm and interpret policy coverages; establish adequate reserves; and investigate and handle claims involving primary, umbrella, and/or excess policies
Manage litigation with Preferred Counsel under Alternative Fee Arrangements or other defense fee structures
Pursue and maximize all risk transfer opportunities by contract or by insurance policy language
Assign and manage work of defense counsel, assignment of expert witnesses and interfacing with peer carriers including design and execution of defense and indemnity contracts, evaluation of liability and damages and participation in settlement negotiations
Ensure proper file setup, reserving, general handling, and application of company procedure
Participate in developing claims handling strategies, including defense coordination, litigation strategy, motion practice, and budgets, and expense control
Record specific claims information and report as appropriate to a manager relative to pertinent financial and general statistical records
Maintain diary control, investigate, analyze, and report to ensure maintenance of proper reserves to reflect the company’s exposure and report to our Reinsurance Department to assist in providing notice to reinsurers and the Reinsurance Department’s recovery of specific amounts when payment exceeds the company’s retention
Handle a large volume of diverse and dynamic claims effectively
Assist in Due Diligence inquiries as assigned