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SalaryAZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance.
AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities. AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated “AA-“ by Standard & Poor’s. As of December 31, 2022, AZRA had total admitted assets of USD $2.3 billion and policyholders’ surplus of $232 million.
What you do:
- Manage a caseload of GL/Excess Claims in multiple states.
- Manage new loss assignments, reassignments and proper reserve setting.
- Be able to perform coverage analysis, responsibilities to defend, tasks to indemnity, and choice of law.
- Be able to identify issues that need to be resolved, what methods to use, including a focus on risk transfer and resolutions which create a best outcome.
- Familiar with drafting of complex coverage letters, which include reservation of rights, disclaimers and responses to "push back" letters.
- Develop legal strategy with counsel and manage GL/Excess litigation consistent with litigation guidelines. This includes both, Coverage Counsel and Defense Counsel.
- Identify appropriate cases for trial and complete pre-trial reports and trial activities.
- You will report to a Claim Manager, GL/Excess group.
What you bring:
- Ideal candidate will have minimum of 5-10 years GL/Excess Claims experience a plus, will consider someone with demonstrated increasing responsibility in GL.
- Technical background desired with an emphasis on coverage issue identification and policy interpretation.
- In-depth knowledge of liability policy language and coverage interpretation.
- Work experience in a regulated environment and ability to ensure compliance with company procedures.
- College degree.
Range $100,000 - $125,000
Actual base salary may vary based on factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program.
#LI-BLS
39347 | Customer Services & Claims | Professional | Non-Executive | Allianz Reinsurance | Full-Time | Permanent
What we offer:
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. We care for tomorrow.
Job Level:
Professional
Location:
Minneapolis, MN, US, 55416
Area of Expertise:
Customer Services & Claims
Unit:
Allianz Reinsurance
Employing Entity:
Allianz Reinsurance America Inc
Job Type:
Full-Time
Remote Job:
Remote working
Employment Type:
Permanent
ID:
39347
Position Cluster:
Non-Executive
