AXIS (AXIS Capital)
Sr. Claims Specialist - Financial Institutions
AXIS (AXIS Capital), Los Angeles, California, United States, 90079
Overview
AXIS Capital is seeking a Senior Claims Specialist - Financial Institutions to join the North America Claims team. The role reports to the Head of Management Liability – Financial Institutions Claims and collaborates with North American Claims, International Claims, and the FI Business Unit to develop and drive an industry-leading claims offering and strategy. AXIS is a global provider of specialty lines insurance and reinsurance, known for client service, intelligent risk taking, and strong risk-adjusted returns. We value an inclusive culture where employees feel empowered to be themselves. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. Position: Senior Claims Specialist - Financial Institutions – Claims Location: North America Responsibilities
Handle and manage a wide variety of Management Liability Claims including Bankers Professional Liability (BPL), Investment Advisors, Private Equity E&O/D&O, and Insurance Company Professional Liability (ICPL). Experience with Transactional Liability claims (Representations and Warranties, Judgment Preservation & Contingent Risk) is a plus. Investigate, analyze, and evaluate coverage liability and damages; document findings per best practices. Provide technical guidance, training, and mentorship to junior team members and internal partners. Review FI claims to determine loss nature, coverage, and scope; guide settlement/disposition strategy. Develop and maintain relationships with internal and external partners; escalate coverage issues and advise on outside counsel assignments when warranted. Formulate claims and litigation strategies; supervise outside counsel. Manage costs, including use of coverage counsel and litigation costs; collaborate with Litigation Management and Vendor Management teams to optimize panel counsel. Communicate with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors; provide updates on large losses and trends. Support underwriting inquiries and information requests; draft risk analyses and claim trend reports. Lead or participate in presentations with Underwriters and Insureds on large losses and claim trends. Participate in claim audits and department initiatives; identify liability and coverage trends and impacts across underwriting segments. Ensure accurate and consistent claims management across affected lines of business. Other duties as assigned. Qualifications
Juris Doctorate (JD). Admitted to practice a plus. Minimum 5-7 years of experience handling Management Liability claims. Proven ability to work in a team, meet deadlines, and adapt to changing conditions. Strong exposure and complex claim evaluation skills; ability to manage FI claim flow and KPIs. Excellent negotiation, communication, and interpersonal skills. Technical knowledge in claims, litigation, arbitration, and trial processes; strong analytical and investigative skills. Compliance with state claims adjuster licensing requirements or ability to obtain within 90-120 days (preferred states include NY, CA, FL, TX). Key Skills & Abilities
Minimum 5-7 years of Management Liability claims management experience. Ability to balance immediate claim issues with broader portfolio impact and customer service. Strong presentation, writing, and editing skills; effective in conflict resolution with diverse stakeholders. Experience guiding and developing adjusters; supervisory perspective preferred. Familiarity with KPI, data, and metrics is a plus. Knowledge of Financial Institutions claims and coverage analysis; ability to reserve and assess coverage. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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AXIS Capital is seeking a Senior Claims Specialist - Financial Institutions to join the North America Claims team. The role reports to the Head of Management Liability – Financial Institutions Claims and collaborates with North American Claims, International Claims, and the FI Business Unit to develop and drive an industry-leading claims offering and strategy. AXIS is a global provider of specialty lines insurance and reinsurance, known for client service, intelligent risk taking, and strong risk-adjusted returns. We value an inclusive culture where employees feel empowered to be themselves. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. Position: Senior Claims Specialist - Financial Institutions – Claims Location: North America Responsibilities
Handle and manage a wide variety of Management Liability Claims including Bankers Professional Liability (BPL), Investment Advisors, Private Equity E&O/D&O, and Insurance Company Professional Liability (ICPL). Experience with Transactional Liability claims (Representations and Warranties, Judgment Preservation & Contingent Risk) is a plus. Investigate, analyze, and evaluate coverage liability and damages; document findings per best practices. Provide technical guidance, training, and mentorship to junior team members and internal partners. Review FI claims to determine loss nature, coverage, and scope; guide settlement/disposition strategy. Develop and maintain relationships with internal and external partners; escalate coverage issues and advise on outside counsel assignments when warranted. Formulate claims and litigation strategies; supervise outside counsel. Manage costs, including use of coverage counsel and litigation costs; collaborate with Litigation Management and Vendor Management teams to optimize panel counsel. Communicate with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors; provide updates on large losses and trends. Support underwriting inquiries and information requests; draft risk analyses and claim trend reports. Lead or participate in presentations with Underwriters and Insureds on large losses and claim trends. Participate in claim audits and department initiatives; identify liability and coverage trends and impacts across underwriting segments. Ensure accurate and consistent claims management across affected lines of business. Other duties as assigned. Qualifications
Juris Doctorate (JD). Admitted to practice a plus. Minimum 5-7 years of experience handling Management Liability claims. Proven ability to work in a team, meet deadlines, and adapt to changing conditions. Strong exposure and complex claim evaluation skills; ability to manage FI claim flow and KPIs. Excellent negotiation, communication, and interpersonal skills. Technical knowledge in claims, litigation, arbitration, and trial processes; strong analytical and investigative skills. Compliance with state claims adjuster licensing requirements or ability to obtain within 90-120 days (preferred states include NY, CA, FL, TX). Key Skills & Abilities
Minimum 5-7 years of Management Liability claims management experience. Ability to balance immediate claim issues with broader portfolio impact and customer service. Strong presentation, writing, and editing skills; effective in conflict resolution with diverse stakeholders. Experience guiding and developing adjusters; supervisory perspective preferred. Familiarity with KPI, data, and metrics is a plus. Knowledge of Financial Institutions claims and coverage analysis; ability to reserve and assess coverage. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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