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About the Role
This position will investigate, evaluate, negotiate and settle assigned claims by collecting and analyzing data according to policy application and/or contract provisions. The position will have responsibility for decision making within their authority and work under the general direction from their manager.
Responsibilities
- Investigate, monitor, negotiate and settle excess matters involving Directors & Officers and Financial Institutions liability claims, from inception through conclusion.
- Assess and evaluate coverage under Directors & Officers and Financial Institutions insurance policies; make coverage determinations; draft routine and complex coverage correspondence; effectively communicate coverage positions to policyholders, brokers, and other stakeholders; manage claims involving coverage litigation.
- Oversee and monitor litigation filed nationwide against insureds; proactively work with Insureds and Brokers toward an economical resolution of claims.
- Communicate with underwriting as needed to manage claims and to alert of any significant developments.
- Promptly communicate with Claims leadership on adverse case developments and provide information on pertinent issues affecting the Director & Officers and Financial Institutions product lines.
- Analyze and convey summations of coverage and legal issues; recognize alternative approaches and develop action plans, both orally and in written form.
- Maintain and adhere to Markel’s guidelines and procedures.
- Ensure proper adherence to internal reporting requirements.
- Contribute and assist in the implementation of a wide range of initiatives, discussion and action plans brought forth by the Claims leadership.
- Actively participate in the ongoing training and development of the claims examiners as indicated by Claims leadership.
Requirements
- Directors & Officers, Financial Institutions, and/or Excess Professional Liability claims or litigation experience is a plus.
- College degree and/or professional designation required; JD preferred.
- Excellent written and oral communication skills.
- Sound comprehension of insurance coverage posed by Directors & Officers, Financial Institutions, and excess liability policies.
- Ability to analyze and convey summations of complex issues both verbally and in writing; recognize alternative approaches and develop action plans.
- Experience in determining contractual obligations, insurance coverage analyses, and investigations.
- Insurance coverage litigation experience a plus.
- Ability to manage complex litigation, set loss and expense reserves, and evaluate settlement values.
- Participate in Insured and Broker related functions and meetings as required.
- Proven ability to work collaboratively and as team player willing to assist within the Unit and Professional Liability Division as needed.
- Ability to proactively self-manage a caseload.
- Travel required as necessary (approximately 20%).
- US Work Authorization required.
- Markel does not provide visa sponsorship for this position, now or in the future.
Education Level
- College degree and/or professional designation required; JD preferred.
Salary/Compensations
- $62,400 - $107,250
Benefits
- Competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
- All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
- 401(k) with employer match contributions.
- Employee Stock Purchase Plan.
- PTO.
- Corporate holidays and floating holidays.
- Parental leave.
About the Company
- Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.
- We’re all about people | We win together | We strive for better
- We enjoy the everyday | We think further
Equal Opportunity
- Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.
- Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.