Full-Time

SVP – Casualty Lines Claims

Posted on 8/30/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Senior, Expert

Chicago, IL, USA

Position can be based in Chicago, IL or any of the other listed locations.

Category
Insurance
Finance & Banking
Required Skills
Communications
Management
Requirements
  • J. D. from an accredited law school.
  • Exhibit a mastery within the Casualty lines technical sub-function of Claims typically achieved through a minimum of ten years’ experience adjudicating claims and five years’ experience managing people.
  • A thorough understanding of property and casualty underwriting, financial and actuarial concepts and requirements and their influence on the claims reserving process and financial outcomes.
  • Ability to develop and provide corporate presentations to senior and executive claims management that are based upon metric-driven analysis and conclusions.
  • Independent decision maker – takes full responsibility for making decisions and consequences associated with decisions.
  • Demonstrates inner strength. Has the courage to do the right thing and demonstrates it on a daily basis.
  • Intellectual curiosity – the ability to consistently consider all options and is not governed by conventional thinking.
  • Client focus – the ability to effectively determine specific client needs and to provide value added solutions.
  • A team builder, someone who understands that success is dependent upon the performance of the team and not individual team members. Creates strong morale and spirit within the team: shares wins and celebrates success as a team.
  • Proven employee development, mentoring, coaching and performance management skills.
  • Strong focus on selection – determined to have the right people who do the best job.
  • Recognized as a leader within the organization that provides advice and guidance to others.
  • Strong interpersonal skills, good judgment and be capable of communicating with a diverse range of individuals.
  • Ability to develop and maintain productive relationships with clients, business partners and organizational peers with a focus on timely and meaningful exchanges of information.
  • Ability to build commitment both internally and externally. Ability to communicate corporate vision and to gain support for your views, opinions and decisions.
  • A strong focus on execution in getting things done right. Someone who consistently produces and delivers expected results to all stakeholders.
  • Proficient in the use of computer programs, including Word, Excel, and Outlook.
  • Polished and professional written and verbal communication skills. The ability to read and write English fluently is required.
Responsibilities
  • Strategically manages teams led by People Managers to provide customers and partners with strong claims service and technical capabilities. This includes sophisticated coverage analysis, timely claims resolution, and strong negotiation of settlements.
  • Communicates and influences senior leadership regarding matters of strategic importance related to own scope of responsibility.
  • Creates a culture of accountability, engagement, inclusion and performance that cultivates superior claims talent and opportunities to thrive.
  • Acts as a role model demonstrating belief in, and commitment to, the aspiration values of Argo Group, continuing to build and lead a value-based organization committed to long-term success.
  • Partners with Chief Claims Officer and other senior Claims Management to establish, refine and evolve best-in-class claim management program operating characteristics, measurement criteria, and meaningful metrics benchmarking.
  • Implements and monitors the execution of reserving and settlement policies.
  • Partners with key Claims Management to develop strategic and operational plans aimed at achieving efficiencies so that the department can meet its Critical Success Goals and the Company can meet both growth and profitability targets.
  • Provides guidance and direction to claims managers and professionals through a continuous process of management involvement.
  • Participates in and approves decisions on reserving and settlement on cases above field claim manager authority. Enters reserves or checks as required.
  • Establishes working relationships with diverse Business Unit leaders on claims-related issues, including strategic loss reduction initiatives.
  • Ensures performance objectives and performance metrics are in place for all positions throughout the department.
  • Supports the claims selection process to retain claims professionals that consistently demonstrate appropriate technical expertise, maturity and a professional commitment to excellence and customer service.
  • Manages expenditures to budget / plan.

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.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Caregiver Leave

Paid Parental Leave

Paid Bereavement Leave

Military Leave

Employee Assistance Program (EAP)

Wellness Program

Employee Referral Bonus

INACTIVE