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

InsuranceIndustries

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

Determining the scope and extent of available coverage
Investigation, evaluation and disposition of new and existing 3rd party property and casualty claims
Preparation and execution of investigation strategies which identify critical issues effecting liability, causation and damages and assess risk transfer and contribution opportunities
Clear and concise communication and contact with internal and external customers, including insureds, brokers and underwriters, to provide guidance and manage expectations
Proper documentation of exposure evaluation and resolution strategy
Presentation to senior management of claim disposition recommendations
Obtain the appropriate authority to independently negotiate multimillion-dollar claims with the top plaintiff attorneys nationwide. Document evaluation, thought process, and strategy. Utilize ADR as appropriate and necessary
Effectively strategize and budget litigation of each claim through discussions with counsel, vendors, and insureds. Establish with defense and coverage counsel clear ground rules to maintain financial control of budget and expenses
Review coverage under Excess Commercial General liability and auto policies and participate in the investigation of the claim
Direct the litigation, attend mediations and trials, assess liability and damages, and recommend reserves

Skills

Key technologies and capabilities for this role

Claims HandlingCasualty ClaimsExcess CoverageClaims InvestigationClaims EvaluationLitigation ManagementMediationTrial AttendanceLiability AssessmentDamages EvaluationReserve RecommendationsCoverage AnalysisNegotiationCustomer ServiceStakeholder Communication

Questions & Answers

Common questions about this position

What experience is required for the Senior Complex Director, Excess role?

Candidates need 8+ years of Commercial/Industry claims experience, along with deep technical expertise in handling large and complex casualty claims.

What are the main responsibilities in this role?

Responsibilities include investigating and evaluating multimillion-dollar 3rd party property and casualty claims, determining coverage under Excess policies, directing litigation, attending mediations and trials, and presenting cases to senior management.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What skills make a strong candidate for this role?

Strong candidates will have excellent customer service and communication skills for interacting with insureds, brokers, attorneys, and claimants, plus highly skilled negotiation abilities to resolve multimillion-dollar claims against elite plaintiff attorneys.

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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