Senior Complex Director, Excess at AIG

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property & CasualtyIndustries

Requirements

8+ years of Commercial/Industry claims experience preferred
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
JD helpful but not required
Property and Casualty adjusting licenses required and must be obtained within 6 months
Interest in the potential for an upwardly mobile career path

Responsibilities

Review coverage under Excess Commercial General Liability and auto policies
Participate in the investigation of the claim
Direct the litigation, attend mediations and trials
Assess liability and damages, and recommend reserves
Present the large value cases to senior management
Communicate with insureds, brokers, attorneys, and claimants using excellent customer service skills
Negotiate multimillion-dollar claims with top plaintiff attorneys nationwide; document evaluation, thought process, and strategy; utilize ADR as appropriate
Determine the scope and extent of available coverage
Investigate, evaluate and dispose of new and existing 3rd party property and casualty claims
Prepare and execute investigation strategies which identify critical issues affecting liability, causation and damages and assess risk transfer and contribution opportunities
Provide clear and concise communication and contact with internal and external customers, including insureds, brokers and underwriters, to provide guidance and manage expectations
Properly document exposure evaluation and resolution strategy
Strategize and budget litigation of each claim through discussions with counsel, vendors, and insureds; establish clear ground rules with defense and coverage counsel to maintain financial control of budget and expenses

Skills

Claims Handling

Casualty Claims

Excess Coverage

Claims Investigation

Litigation Management

Mediation

Trial Attendance

Liability Assessment

Damages Evaluation

Reserve Recommendations

Coverage Analysis

Negotiation

Customer Service

Stakeholder Communication

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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