Full-Time

Senior Claims Specialist

Cyber

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Compensation Overview

$83.6k - $110.8kAnnually

+ 25% Bonus Potential

Mid, Senior

No H1B Sponsorship

Boston, MA, USA + 13 more

More locations: Summit, NJ, USA | Shrewsbury, NJ, USA | Canoga Park, Los Angeles, CA, USA | Plano, TX, USA | Richmond, VA, USA | Chicago, IL, USA | Norridge, IL, USA | Alpharetta, GA, USA | Henderson, NV, USA | Omaha, NE, USA | Scottsdale, AZ, USA | New York, NY, USA | Denver, CO, USA

Hybrid working schedule of 3 days in the office and 2 days remote.

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • 3-5 years of cyber and/or professional liability claims experience or litigation experience required. Excess liability (quota share, first layer and high layer) claims or litigation experience a plus.
  • College degree and/or professional designation required, JD preferred.
  • Excellent written and oral communication skills.
  • Sound comprehension of insurance coverage posed by cyber and excess liability policies.
  • Ability to analyze and convey summations of complex issues both verbally and in writing; recognize alternative approaches and develop action plans.
  • Experience in determining contractual obligations, insurance coverage analyses, and investigations. Insurance coverage litigation experience a plus.
  • Ability to manage complex litigation, set loss and expense reserves and evaluate settlement values.
  • Work collaboratively and as team player willing to assist within the Unit and Professional Liability Division as needed.
  • Ability to proactively self-manage a high volume caseload.
  • Travel required as necessary (approximately 20%).
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • Investigate, negotiate and settle primary and excess cyber, privacy liability and technology E&O claims.
  • Investigate and analyze coverage under primary and excess cyber and errors and omissions policies; make coverage determinations; draft routine and complex coverage correspondence; effectively communicate coverage positions to policyholders and other stakeholders; manage claims involving coverage litigation.
  • Manage litigation filed nationwide against insureds; appoint, direct and manage defense counsel; proactively work toward expeditious and economical resolution of claims; assist Company claims vendor management, disbursement and legal collections teams with defense counsel, bill payment and collection issues.
  • Communicate with underwriting as needed to manage claims and to alert of any significant developments.
  • Promptly communicate with Unit and internal partners on adverse developments and provide information on pertinent issues affecting the cyber product lines and coverages.
  • Proven ability to work in a collaborative team environment. Analyze and convey summations of complex issues; recognize alternative approaches and develop action plans, both orally and in written form.
  • Maintain and adhere to Markel’s guidelines and procedures.
  • Ensure proper adherence to internal reporting requirements.
  • Contribute and assist in the implementation of a wide range of initiatives, discussion and action plans brought forth by the Claims Manager.
  • Participate in agent related functions and meetings as required.
  • Actively participate in the ongoing training and development of the claims examiners as indicated by Claims Manager.

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and ATVs. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to innovate and find better solutions. The company's goal is to lead in their industry by understanding customer needs and providing high-quality products and services while fostering a supportive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Markel's expansion into Plano, Texas, supports its growth and operational capabilities.
  • The rise of parametric insurance products aligns with Markel's niche market focus.
  • Increased demand for cyber insurance presents opportunities for Markel's specialized products.

What critics are saying

  • Increased competition in specialty insurance could impact Markel's market share and profitability.
  • Geopolitical tensions in Asia Pacific may affect Markel's expansion and efficiency.
  • Climate change-related claims could lead to higher loss ratios for Markel.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and event cancellation insurance.
  • The company offers unique coverage for hard-to-place risks, such as oil rigs and yachts.
  • Markel's global presence and key hires enhance its operations in the Asia Pacific region.

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