Chubb Ltd logo

VP, Coverage & Complex Claims

Chubb Ltd
  • Chicago, IL
  • $161,700–$234,300 Per Year
9 days ago

Job Description

Chubb is seeking a Vice President to join our Coverage and Complex Claims Department and lead a team. The candidate should possess the ability to lead and develop a sophisticated team of claims professionals handling and managing a wide variety of Casualty (Personal Lines & Commercial Lines) claims with coverage issues as well as coverage litigation, in a diverse and complex operating environment. Experience involving Financial Lines (D&O E&O, EPLI, Fidelity, Surety & Political Risk), Property (Personal Lines & Commercial), Worker's Compensation, and Accident & Health will also be considered. The ideal candidate will be able to lead and develop a team of claims professionals that will handle claims with complex coverage issues and coverage litigation, focused on resolving claims in keeping with established best practices and within stated authority limits.

This role will be responsible for leading and developing a team of claims professionals that will be responsible for:

  • Managing a team of 5-7 claims professionals directly handling and managing claims involving complex coverage issues, including the investigation, analysis and evaluation of coverage liability and damages and directly handling coverage disputes, including matters in litigation and arbitration both initiated by Chubb issuing companies and when Chubb issuing companies are named in such litigation.
  • Formulating claims and litigation strategies, assigning, directing and managing outside counsel in coverage litigation both initiated by Chubb issuing companies and when such companies are named in litigation or arbitration.
  • Managing discovery issues and responses, including opportunities to ensure consistency as well as identifying relevant and responsive information as well as ensuring proper and adequate preparation of company witnesses for deposition and trial testimony.
  • Attending critical court proceedings, including mediation and settlement conferences as well as trials and appeals.
  • Providing guidance to claims disciplines regarding coverage issues, coverage disputes and claim handling issues, including strategic direction as well as recommending and assigning outside coverage counsel.
  • Managing coverage counsel and litigation costs as well as collaborating and working with the litigation and vendor management teams ensuring cost management and the development and enhancement of the coverage counsel panel.
  • Collaborating across disciplines and business units, including: the office of general counsel overseeing errors & omissions issues arising from claims handling, the Brandywine (run-off) team, the Bermuda claims team and in-house coverage counsel team.
  • Supporting actuarial and underwriting inquiries regarding policy construction and drafting, reporting claim trends, data analysis, and risk assessments.
  • Extensive communication with insureds, brokers, reinsurers, actuaries and auditors (both external and internal).

25% travel is required.

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

The ideal candidate will have 15 or more years of experience as a lawyer and/or claim professional with a high degree of specialized and technical competence in litigation management and the handling of complex coverage issues, high exposure and/or long term exposure claims and coverage litigation. A law degree is strongly preferred; equivalent industry experience will be considered.

The ideal candidate will also have:

  • Excellent organizational, writing, interpersonal communication, and negotiation skills.
  • Excellent customer service skills and will be able to work with clients and business partners in a professional manner.
  • Demonstrated ability to work in a complex operating environment.
  • Ability to work independently, issue spot, and assimilate learning materials on many different subjects from various sources.
  • Experience in senior management reporting.

The pay range for the role is $161,700 to $234,300. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

Numbers & Facts

LocationChicago, IL
IndustryInsurance
Salary$161,700–$234,300 Per Year
Company Size500 to 999 employees
Year Founded1792
Websitehttps://www.chubb.com/

About Company

Chubb is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the U.S.

With operations in 54 countries and territories, we are a major personal lines writer, as well as a leading middle market, small commercial and large industrial commercial insurer, providing a wide range of traditional and specialty coverages.

As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. And we combine the precision of craftsmanship with deep experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families and to businesses of all sizes.

Our products and services are distributed through brokers, independent agents, exclusive agents and various forms of direct marketing.

What we deliver:

  • Extensive product and service offerings
  • Broad distribution capabilities
  • Service excellence
  • Risk expertise
  • Underwriting discipline
  • Exceptional financial strength
  • Local operations globally

Skills

  • Actuarial Skillsunmatched
  • Analysis Skillsunmatched
  • Attorneyunmatched
  • Best Practicesunmatched
  • Brokerageunmatched
  • Claims Managementunmatched
  • Claims Processingunmatched
  • Communication Skillsunmatched
  • Conferencesunmatched
  • Constructionunmatched
  • Cost Controlunmatched
  • Customer Support/Serviceunmatched
  • Data Analysisunmatched
  • External Auditunmatched
  • Incentive Programsunmatched
  • Insuranceunmatched
  • Insurance Salesunmatched
  • Internal Auditunmatched
  • Interpersonal Skillsunmatched
  • Leadershipunmatched
  • Legalunmatched
  • Litigationunmatched
  • Management Reportingunmatched
  • Negotiation Skillsunmatched
  • Organizational Skillsunmatched
  • Reporting Skillsunmatched
  • Riskunmatched
  • Risk Analysisunmatched
  • Team Lead/Managerunmatched
  • Trend Analysisunmatched
  • Underwritingunmatched
  • Vendor/Supplier Managementunmatched
  • Willing to Travelunmatched
  • Worker's Compensationunmatched
  • Writing Skillsunmatched

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