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Professional Indemnity Lawyer

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Travelers

2mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Legal
  • London

AI generated summary

  • You need a legal degree, solicitor qualification, experience in solicitors' negligence claims, strong communication, strategic planning, and some insurance experience. ACII preferred.
  • You will manage claims, conduct investigations, assist insureds, negotiate settlements, collaborate with stakeholders, and ensure vendor service excellence while supporting your team.

Requirements

  • Thorough experience and sound judgment handling Financial lines of business with a strong emphasis on Solicitors professional negligence claims.
  • Thorough technical expertise with proven track record managing key client accounts, addressing trends and issues affecting their business and mitigating risks and exposures preferred.
  • Advanced communication skills.
  • Intermediate strategic planning.
  • Intermediate business perspective.
  • Intermediate ability to build collaborative relationships.
  • Intermediate openness to influence, flexibility.
  • Intermediate team work.
  • Advanced credibility.
  • ACII or equivalent insurance certification preferred.
  • Legal Degree / LLB (or equivalent) is required.
  • Qualified Solicitor, Barrister or Legal Executive
  • Some prior insurance related activity experience (e.g. paralegal, insurance operations, insurance broker).

Responsibilities

  • Manages claims on a day-to-day basis, which includes carrying out early, appropriate investigations in respect of policy coverage, liability and quantum and setting reserves.
  • Provides legal assistance to our insureds, working with them to develop appropriate strategy for an optimal outcome.
  • Builds relationships with our clients communicating position on cover and strategy.
  • Negotiates settlement of claims.
  • Ensures our vendors provide a market leading, cost effective service to our customers and the company.
  • Works as part of a supportive, collaborative and high performing team, providing such support as required by other members of the team and fully participates in individual and shared project work.
  • Builds relationships with stakeholders across the organisation including underwriters, risk management, and actuarial to facilitate the collaborative approach to creating solutions and optimal outcomes.
  • Partners with Client Relationship team and Underwriting to develop and strengthen relationships with our customers.

FAQs

What is the role of a Professional Indemnity Lawyer at Travelers?

The Professional Indemnity Lawyer will manage a case load of Professional and Financial Lines claims, investigating claims, developing strategies, and negotiating settlements while ensuring great customer experiences.

Where are the positions for the Professional Indemnity Lawyer located?

The positions are available in either the London or Redhill office.

What experience is required for this role?

Candidates should have a legal degree (LLB or equivalent), be a qualified Solicitor, Barrister, or Legal Executive, and have some prior insurance-related experience.

Is there an opportunity for career growth within the team?

Yes, this role offers an intellectually challenging environment within a kind and supportive team that is dedicated to growing talented individuals.

What type of claims will I be handling in this role?

You will be handling Professional Indemnity claims, particularly with a strong emphasis on Solicitors' professional negligence claims.

What is the working arrangement for this position?

Travelers offers a hybrid work arrangement, allowing full-time employees to work three days a week in the office and two days at home.

What kind of relationships will I build in this role?

You will build relationships with clients, stakeholders across the organization, and external vendors, facilitating a collaborative approach to claims management.

Are there any educational certifications preferred for this position?

Yes, having an ACII or equivalent insurance certification is preferred.

What benefits does Travelers offer to its employees?

Travelers offers various benefits including private medical insurance, retirement contributions, a minimum of 25 days holiday entitlement, wellness programs, and encouragement for volunteer activities.

Is the hiring process exclusive to lawyers only?

While the role is for a qualified lawyer, some insurance-related activity experience (e.g., paralegal, insurance operations, insurance broker) is also considered valuable for candidates.

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Travelers

Travelers – taking care of our customers, communities and each other.

Finance
Industry
10,001+
Employees
1853
Founded Year

Mission & Purpose

Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other. Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers. Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount. By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.