Ascot Group · 1 day ago
Claims Counsel, Financial Institutions
New York, NY
Full-time
Hybrid
Mid Level
$120K/yr - $135K/yr
3+ years expAscot Group is one of the world’s preeminent specialty risk underwriting organizations, seeking a Claims Counsel to join their Financial Lines Claims team. The role involves managing Financial Institutions Liability Claims, conducting investigations, and collaborating with business partners to optimize claim results.
Insurance
Responsibilities
Manage a case load of primary and excess Financial Institutions Liability Claims, including both Public Company D&O, Private Company D&O, Employment Practices Liability, Fiduciary Liability, Financial Advisors and Bad Faith Claims
Analyze, investigate and resolve Financial Institutions 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 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
Perform other duties as assigned
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
Qualification
Required
Bachelor's Degree, with a J.D., preferred, or related field of study
A minimum of 3 years of relevant legal or claim handling work experience, ideally in the handling of Management Liability and Financial Institution claims, or both either at an insurance carrier or in a 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
Benefits
Health and Welfare 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), and more.
Leave Benefits: 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)
Retirement Benefits: Contributory Savings Plan (401k).
Company
Ascot Group
Ascot Group provides underwriting services for the insurance sector.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$350M2025-05-13Debt Financing· $350M
2024-11-13Private Equity
2016-09-16Acquired
Leadership Team
Jonathan Zaffino
Group Chief Executive Officer and President
Marc Amen
Chief Executive Officer, North America
Recent News
Life Insurance International
2026-01-09
2026-01-07
Life Insurance International
2026-01-06
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