Senior Claims Specialist

Odyssey Group • Chicago, NY

3d • $100,000 - $140,000

About The Position

Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators. Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Collectively known as Hudson Insurance Group, its companies are rated A (Excellent) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance and wholly owned by Fairfax Financial Holdings Limited. Position Summary: The Senior Claims Specialist is responsible for managing all aspects of complex third-party liability claims, including class actions and high exposure matters, from inception through conclusion, brought against a wide variety of insureds, with a concentration in employment practices matters. In order to be successful, the Specialist must be able to work as a team member not only within the claims department, but also develop relationships with other departments, primarily underwriting. The Specialist must be able to prioritize, and to timely complete all tasks and comply with department policies and procedures. In addition, the Specialist must be committed to the role and the demands of a high performing claims team. This position requires occasional travel to attend client service meetings, mediations, and trials.

Requirements

• Strong drive and commitment to the role.
• Excellent written and oral communication skills.
• Excellent analytical, organizational, and problem-solving skills.
• Excellent knowledge of Excel, Word, and Outlook.
• Strong interpersonal skills.
• Must be detailed-oriented.
• Time management and decision-making ability.
• Ability to maintain confidentiality of company-sensitive data.
• Proven ability to analyze policies of insurance and legal documents.
• Excellent negotiation skills.
• Bachelor’s Degree or equivalent required.
• 3+ years of experience managing complex insurance claims (primary and excess), litigation and/or arbitration.
• Directors and Officers insurance experience essential.
• Employment Practices insurance experience highly preferred.

Nice To Haves

• JD highly preferred.
• Multi-state claim adjuster licenses preferred.

Responsibilities

• Provide superior customer service to internal and external stakeholders.
• Direct and oversee claim investigations.
• Manage litigation from inception through resolution.
• Make coverage determinations and prepare coverage position letters.
• Investigate losses and document all claim-handling activities.
• Evaluate, project, and monitor potential exposures.
• Set and manage judgmental reserves.
• Develop and implement effective claim resolution strategies.
• Manage outside counsel and experts to control costs and expenses.
• Collaborate with underwriting partners on policy renewals.
• Identify existing claims and emerging trends to support business objectives and strengthen client relationships.
• Prepare and deliver presentations to claims and underwriting management.
• Keep supervisor informed of activities and situations which will impact the achievement of corporate and department goals and objectives.
• Perform other related duties as required to achieve the goals and objectives of the company and department.

Benefits

• This role may also be eligible to participate in a discretionary annual incentive program.
• In addition, Hudson offers a comprehensive benefits package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level