Head of Management Liability, Financial Institutions, North America Claims

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance.  We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture.  As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. 

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Job Description

AXIS is seeking a Head of Management Liability, Financial Institutions, to join our North America Claims team to support the expansion of AXIS presence in the Financial Lines Market in North America. As a direct report to the Head of Financial Lines Claims, the successful candidate should possess the ability to lead and develop a sophisticated team of claims professionals handling and managing a wide variety of  claims, including Management Liability Claims including Private Equity, Investment Advisors E&O and D&O, Insurance Professional Liability, Bankers Professional Liability, Transactional, and Contingent Risk. 

The selected candidate will work closely with colleagues across AXIS Insurance including North American Claims and International Claims as well as the Commercial Management Solutions (CMS) and Financial Institutions (FI) Business Units in order to develop and drive an industry leading claims offering and strategy. 

Using data driven reporting and productivity metrics, this leader will deliver best-in-class service for AXIS clients and provide career paths for Axis claim professionals to grow and develop. This role will also be responsible for delivering the AXIS North America Claims value proposition engaging with stakeholders, brokers, and insureds to ensure constant communication and service engagement distinguishes Axis claims every day.

This role will lead and develop a team of claims professionals to provide best-in-class service and are responsible for:

• Direct supervision and management of claims including the investigation, analysis and evaluation of coverage liability and damages, within best practices

• Provide all aggregate reporting on behalf of the North America Financial Institutions Claims portfolio including in collaboration with the Global Markets Claims team.

•  Partner with CMS and FI Underwriting & Professional Liability Actuarial on issues including claim metrics, claim trends, and risk assessments including quarterly reserving reviews. 

• Develop and refine, in partnership with the CMS and FI Underwriting and North American Claim Operations, a best-in-class Panel for the middle market segments of CMS and FI Claims written on duty to defend forms connecting the “right” client with the “right” defense counsel. 

• Close collaboration with the Head of Specialty Complex Claims for matters involving coverage disputes, including litigation and arbitration initiated by Axis issuing companies and when Axis issuing companies are parties to such litigation

• Issue spotting and evaluating when to request use of outside coverage counsel and escalating same to the Specialty Complex Claims for final approval

• Formulating claims management strategies, assigning, directing, and managing outside defense counsel

• Providing guidance to the claims teams including strategic direction for the life of the claim

• Managing costs, including use of coverage counsel and litigation costs as well as collaborating and working with the Axis Claims Litigation & Vendor Management team ensuring cost management and the development and enhancement of the Financial Lines panel

• Collaborating across disciplines and business units, including: the general counsel team which oversees errors and omissions issues arising from claims handling

• Identifying, liability and coverage trends and issues with both individual and portfolio impact and formulating the