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Professional Indemnity Lawyer

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Travelers

20d ago

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

AI generated summary

  • You need experience with solicitors' professional negligence claims, advanced communication skills, a legal degree, insurance certification, and some relevant insurance experience.
  • You will manage claims, conduct investigations, assist insureds, negotiate settlements, ensure vendor efficiency, collaborate with teams, and strengthen client relationships.

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 caseload of Professional and Financial Lines claims, investigating claims, developing strategies for optimal outcomes, and working closely with customers, internal partners, and external vendors.

What qualifications are required for this position?

A Legal Degree / LLB (or equivalent) is required, along with being a qualified Solicitor, Barrister, or Legal Executive. Some prior insurance-related experience is also necessary.

Is experience in professional negligence claims important for this role?

Yes, thorough experience in handling Financial lines of business, particularly with a strong emphasis on Solicitors professional negligence claims, is essential.

What kind of work environment can I expect?

You can expect a supportive, collaborative, and high-performing team culture, with flexibility to work in a hybrid setup as per Travelers' Hybrid Work Arrangements Policy.

Are there any specific certifications preferred for this role?

Yes, an ACII or equivalent insurance certification is preferred for candidates applying for this position.

What are the holiday entitlements for this role?

Employees start with a minimum of 25 days holiday entitlement annually, with the option to purchase additional days for a total of up to 35 holidays per year.

What benefits does Travelers offer?

Travelers offers a range of benefits including Private Medical Insurance, a Pension Plan with contributions, a Wellness Programme, and a Volunteer Encouragement initiative.

Is there an opportunity for career growth within the team?

Yes, the team is dedicated to growing talented individuals, making it an ideal role for someone looking for an intellectually challenging next step in their career.

What values does Travelers emphasize in its workplace culture?

The values emphasized at Travelers include being committed, connected, creative, and energized.

How do I apply for this position?

Interested candidates can apply through the Travelers careers website or it is also possible to apply through a referral from a current employee to potentially qualify for a new hire referral bonus.

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.