Senior Complex Claims Director, Financial Lines D&O at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

7-10 years of insurance claims or legal experience
D&O experience and/or law degree
Ability to handle a demanding caseload
Strong organization skills with an ability to work independently, prioritize and meet all deadlines
Strong analytical abilities
Excellent verbal and written presentation skills
A team player who can proactively identify trends and risks to assist management and underwriting
Proficient in Microsoft Office

Responsibilities

Adjusting high exposure and complex claims under Directors & Officers policies
Analyze and determine available coverage
Work closely with defense counsel in developing defense strategy and monitoring litigation to a successful resolution
Conduct factual investigation of loss noticed
Attend mediations, arbitrations and trials where necessary
Review legal bills and budgets
Provide an in-depth evaluation of exposure, taking into account the factual investigation of the underlying claim and any potential coverage issues, in order to properly set reserves
Make periodic presentations to Senior Claims Management and underwriting counterparts on high profile matters and trends in litigation and claims
Attend account and marketing meetings, where necessary

Skills

D&O Claims

Insurance Claims Adjusting

Coverage Analysis

Defense Strategy

Litigation Management

Factual Investigation

Mediation

Arbitration

Trial Attendance

Legal Bill Review

Reserve Setting

Analytical Skills

Microsoft Office

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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