Claim Counsel, Bond & SI
Core
Conduct thorough investigation, analysis, evaluation, and disposition of Bond & Specialty Insurance (BSI) claims and claim litigation to achieve superior customer service and optimize claim results.
Role type
Senior IC Claim Counsel (Legal)
Builds
BSI claim resolutions, legal advice to underwriters, and strategic initiatives for management and professional liability, cyber, crime insurance, and surety bonds.
Domain
Insurance (Property Casualty) + Legal
Required skills
Claim investigation and analysis, litigation management, outside counsel retention and budget management, legal review and advice on bond obligations, contract document drafting and modification, negotiation of bonded obligations and indemnity agreements, bankruptcy proceedings monitoring, recovery opportunity identification, market research, regulatory compliance (adjuster licensing).
Preferred skills
Conflict resolution, decision making within authority limits, verbal and written communication, time management, relationship building.
Technologies
Litigation management plans, court dockets, bond forms, contract documents, indemnity agreements, letters of credit, intercreditor agreements.
Responsibilities
Analyze, investigate, and resolve BSI claims of varying severity; prepare reports on loss development and financial exposure; retain and manage outside counsel; communicate with underwriting on significant exposures; travel to mediations, trials, and depositions; provide legal review and advice to underwriters on bond obligations; draft and modify bond forms and contract documents; negotiate resolution of defaulted contracts; monitor account bankruptcy proceedings; conduct market research and draft reference materials; support underwriting marketing efforts; obtain and maintain required adjuster's licenses.
Seniority
Senior, hands-on IC