Financial Lines Claims Counsel

About the role

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a presence in 40+ countries and regions. Leveraging a 350‑year heritage, MSIG USA offers commercial insurance solutions that address unique business risks. As the Financial Lines portfolio grows, the Financial Lines Claims Counsel will manage high‑exposure and complex Financial Lines claims, focusing on D&O, Financial Institutions Professional Liability (E&O), Employment Practices Liability (EPL), Fiduciary, and Fidelity claims, including complex litigation, class actions, securities matters, and high‑severity financial loss exposures. The role provides significant autonomy, visibility, and the ability to influence claim outcomes and the continued expansion of the business.

Responsibilities

• Manage a diverse portfolio of complex Financial Lines claims from initial notice through resolution.
• Analyze coverage, liability, damages, and exposure issues; establish appropriate reserves; provide accurate claim assessments for D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity policies.
• Draft coverage position letters, reservation of rights letters, and other claim‑related communications.
• Evaluate and manage high‑severity matters, including securities litigation, class actions, regulatory investigations, and complex commercial disputes.
• Develop and execute strategic claim resolution plans, including settlement negotiations within delegated authority and escalation of matters requiring higher‑level approval.
• Coordinate with outside counsel on litigation strategy while controlling legal spend.
• Collaborate with underwriting, actuarial, legal, and senior leadership on emerging risks, claim trends, and portfolio performance.
• Build and maintain strong relationships with insureds, brokers, defense counsel, and business partners.
• Prepare claim summaries, authority requests, and management reports while maintaining accurate claim documentation and file records in accordance with company and regulatory requirements.
• Contribute to the continued growth and development of the Financial Lines claims operation.

Requirements

• Juris Doctor (JD) from an accredited law school.
• Active bar admission in at least one U.S. jurisdiction and in good standing.
• 7+ years of experience handling Financial Lines claims, coverage litigation, or complex commercial litigation.
• Strong knowledge of D&O, Financial Institutions E&O, EPL, Fiduciary, and Fidelity coverages.
• Experience evaluating complex coverage issues and large‑loss exposures.

Qualifications

• Carrier or broker‑side Financial Lines claims experience preferred.
• Experience handling claims involving financial institutions, private equity firms, investment managers, or other complex financial organizations preferred.
• Background managing securities claims, class actions, regulatory matters, and high‑exposure commercial disputes preferred.
• Experience working with primary policies preferred.
• Professional liability and financial institution claim expertise preferred.
• Excellent written and verbal communication skills.
• Ability to independently manage a sophisticated caseload and make sound claim decisions.
• Strong negotiation, analytical, and problem‑solving skills.

Pay

The estimated salary range for this position is $150,000.00 – $200,000.00 per year. This is a good‑faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job‑related factors.

Benefits

• Comprehensive medical, dental, and vision coverage.
• 401(k) with a generous employer match and profit‑sharing contribution.
• Wellness incentive program.
• Life and accidental death and dismemberment (AD&D) insurance.
• Flexible spending programs.
• Short‑term and long‑term disability plans.
• Paid time off program.
• Paid charitable leave.
• Paid parental leave.
• Tuition reimbursement program.
• Personal insurance (auto/homeowners) discounts.