Senior Claims Counsel, Management Liability
About The Position
This is an opportunity to join Ascot Group, a leading specialty risk underwriting organization. Ascot operates as a modern-era company with interconnected global platforms, united by a common mission: One Ascot. The company fosters a collaborative, inclusive, and entrepreneurial culture driven by underwriting excellence, integrity, and a passion for innovation. The Ascot Way guides the organization, emphasizing cross-product and cross-platform collaboration through a unique Fusion Model: Client Centric, Risk Centric, Technology Centric. Ascot is built for resilience, aiming to maximize client financial security with bespoke products and world-class service. The company is integrating artificial intelligence (AI) and automation to enhance decision-making, efficiency, and outcomes, valuing curiosity, critical thinking, and adaptability in its employees. This role is within the Financial Lines Claims team, focusing on Public D&O claims, and requires conducting investigations, analysis, evaluation, and disposition of claims and claim litigation. The goal is to achieve superior customer service, optimize claim results, provide legal advice to internal business partners, and participate in strategic initiatives.
Requirements
- Bachelor’s Degree, with a J.D., preferred, or related field of study.
- A minimum of 5 years of experience of relevant legal or claim handling work experience, ideally in the handling of Management Liability, or both either at an insurance carrier or in private practice.
- Demonstrated ability to effectively work through conflict and resolve issues with a professional demeanor.
- Ability to make sound decisions and negotiate terms and conditions within a designated authority limit.
- Time management skills with the ability to manage multiple priorities with attention to detail, work in a fast-paced environment and be able to effectively prioritize projects and assignments for multiple internal clients.
- Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
- Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.
- Must be a self-starter and work independently.
- Strong knowledge of Microsoft Office products as well as claims system skills required.
Responsibilities
- Manage a case load of primary and excess Management Liability Claims, including both Public Company D&O, Private Company D&O, Employment Practices Liability, and Fiduciary Liability, claims.
- Analyze, investigate and resolve Management Liability claims of varying levels of severity with moderate supervision.
- Prepare and present reports that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
- Collaborate with underwriting on significant claim exposures.
- Work closely with internal and external business partners such as retail and wholesale brokers, insureds and their counsel, to resolve claims.
- Analyze claim submissions and draft coverage correspondence, appoint and manage counsel.
- Review claim and policy information and maintain comprehensive claims files.
- Maintain knowledge of Management Liability and Financial Institutions trends and provide feedback to claims and underwriting team.
- Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Ascot’s underwriting and claim decisions.
- Obtain and maintain required adjusters’ licenses.
- Travel to attend mediations industry conferences, settlement & claim conferences, trials, depositions and assist with Ascot’s marketing efforts.
- Commit to The Ascot Way: As a member of the claims team embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
- Perform other duties as assigned.
Benefits
- Medical (including prescription coverage)
- Dental
- Vision
- Health Savings Account
- Commuter Account
- Health Care and Dependent Care Flexible Spending Accounts
- Life Insurance
- AD&D
- Work/Life Resources (including Employee Assistance Program)
- Paid holidays
- annual Paid Time Off (includes paid state /local paid leave where required)
- Short-term Disability
- Long-term Disability
- Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)
- Contributory Savings Plan (401k)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
