Full-Time

Chief Claims Officer

Posted on 9/6/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Compensation Overview

$350k - $507.4kAnnually

+ Annual Bonus

Senior, Expert

No H1B Sponsorship

New York, NY, USA

Category
Insurance
Finance & Banking
Requirements
  • Minimum of twenty years’ experience in a senior management commercial property and casualty claims role within an organization with a full-scale domestic orientation.
  • Highly effective leadership skills and a consistent record of superior results in leading a successful commercial claims organization with operations located throughout the United States and Bermuda.
  • Thorough understanding of property and casualty financial and actuarial concepts and requirements and their influence on the claims reserving process and financial outcomes.
  • Experience in designing and implementing claims technology solutions.
  • Analytic and metric driven focus combined with strong strategy development and execution skills.
  • Ability to develop and provide corporate presentations to senior and executive claims management based upon metric-driven analysis and conclusions.
  • J. D. from an accredited law school.
  • A CPCU or other relevant professional designation is desirable.
Responsibilities
  • Partners with key Argo Group executives to develop strategic and operational plans aimed at achieving both growth and profitability targets.
  • Works collaboratively with representatives of the corporate actuarial team.
  • Strategically manages teams led by People Managers to provide customers and partners with strong claims service and technical capabilities.
  • Leads, directs, and has leadership accountability for establishing claims and that there are performance objectives and performance metrics in place at all organizational levels to both support and meet set objectives.
  • Drives continuous improvement through initiatives involving the employees, processes, and technology.
  • Identifies and implements claims best practices in all operating units for proper and consistent claims performance to include management responsibility for claims compliance (OFAC, Medicare Reporting, Adjuster Licensing, SOX etc.) and achieving the appropriate financial outcomes.
  • Effectuates claims resolution and process improvement while maximizing cost effectiveness and educating the business managers/leaders as to claims drivers and trends.
  • Ability to establish working relationships with a variety of types of claims vendors and to negotiate the vendor contracts to maximize the financial benefit to Argo Group and its customers.
  • Expertise in claims litigation management.
  • Provides guidance and direction to claims managers and professionals through a continuous process of management involvement.
  • Supports the claims selection process to retain claims professionals that consistently demonstrate appropriate technical expertise, maturity, and a professional commitment to excellence.

Argo Group operates in the specialty insurance market, providing customized insurance solutions for businesses and individuals facing unique or complex risks. The company focuses on industries with higher risk profiles, such as construction, marine, and energy, allowing it to offer expert risk assessment and management services. Argo generates revenue through premiums paid by policyholders, which are then invested to create additional income. Unlike many competitors, Argo emphasizes corporate responsibility and community engagement, fostering long-term relationships with clients and partners. The company's goal is to ensure mutual success while promoting an inclusive workplace and participating in initiatives related to diversity, sustainability, and disaster relief.

Company Stage

IPO

Total Funding

$17.9M

Headquarters

Pembroke, Bermuda

Founded

1996

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital insurance platforms aligns with Argo Interactive's mobile services.
  • The rise of parametric insurance products offers expansion opportunities in niche markets.
  • AI integration in underwriting improves risk assessment, benefiting Argo's specialty services.

What critics are saying

  • Leadership changes may lead to strategic instability post-Brookfield acquisition.
  • Talent drain, such as departures to competitors, could impact Argo's operations.
  • Brookfield's acquisition may shift company priorities and lead to restructuring.

What makes Argo Group unique

  • Argo specializes in niche markets with unique risk profiles like construction and marine.
  • The company offers tailored insurance solutions not typically covered by standard policies.
  • Argo's commitment to corporate responsibility enhances its reputation and client relationships.

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