AIG · 1 day ago
Complex Claims Director, Excess
Jersey City, NJ
Full-time
Onsite
Mid, Senior Level
$105K/yr - $135K/yr
5+ years expAIG is a global leader in commercial and personal insurance solutions, and they are seeking a Complex Claims Director to manage large and complex casualty claims. The role involves investigating, evaluating, and resolving multimillion-dollar claims while communicating with various stakeholders and managing litigation costs.
BankingFinancial ServicesInsurance
Responsibilities
Determining scope and extent of available primary and excess coverage and issuance of appropriate coverage position letters
Development and execution of investigation strategies which identify critical issues effecting liability, causation, and damages
Assessing and, as warranted, pursuing risk transfer and contribution opportunities
Clear and concise communication and contact with internal and external stakeholders including insureds, brokers, and underwriters
Evaluating claim exposures and setting appropriate reserves
Developing and implementing resolution strategies including utilization of ADR
Presentation to senior management of claim disposition recommendations
Independent and proactive negotiation of multi-million dollar claims with top plaintiff attorneys nationwide after securing appropriate authority
Effectively managing litigation costs in coordination with counsel, vendors, and insureds
+/- 25% travel
Qualification
Required
Excellent communication ability (verbal/written) and strong negotiation skills
Advanced experience and capabilities in litigation claims management including ADR and mediation process
Experience attending and controlling claims - pre-suit, litigated and post-trial - at mediations, settlement conferences, etc
Property and Casualty adjusting licenses required and must be obtained within 6 months
Determining scope and extent of available primary and excess coverage and issuance of appropriate coverage position letters
Development and execution of investigation strategies which identify critical issues effecting liability, causation, and damages
Assessing and, as warranted, pursuing risk transfer and contribution opportunities
Clear and concise communication and contact with internal and external stakeholders including insureds, brokers, and underwriters
Evaluating claim exposures and setting appropriate reserves
Developing and implementing resolution strategies including utilization of ADR
Presentation to senior management of claim disposition recommendations
Independent and proactive negotiation of multi-million dollar claims with top plaintiff attorneys nationwide after securing appropriate authority
Effectively managing litigation costs in coordination with counsel, vendors, and insureds
+/- 25% travel
Preferred
5+ years of Commercial/Industry claims experience preferred
JD helpful but not required
Benefits
A range of competitive benefits
Total Rewards Program
Benefits focused on your health, wellbeing and financial security
Professional development
Company
AIG
AIG is a global insurance company providing insurance products to support clients in business and in life.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Kelly Lafnitzegger
Executive Vice President and Chief Human Resources Officer
Charlie Fry
EVP, Reinsurance Purchasing and Risk Capital Optimization
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