Coverage Lead

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

The Coverage Lead is an important role in MRSNA’s Claims Department. The Coverage Lead is responsible for providing insurance coverage advice and serves as a strategic partner to MRS-NA claim professionals. The position will provide coverage support in relation to commercial general liability and commercial first party property coverage. The role will also be responsible for managing certain insurance coverage and bad faith litigation against the company. The candidate should have strong analytical skills, the ability to foresee and weigh all of the potential implications of a decision and be able to manage multiple tasks and priorities. 

Key Responsibilities

• Provide legal advice to claim professionals on a variety of insurance coverage issues under commercial casualty and property lines of coverage
• Participate in strategic discussions on coverage issues with the Claims Team and internal stakeholders, including Claims Leadership Team, Corporate Underwriting and Underwriting
• Manage insurance coverage and bad faith litigation brought against the company
• Oversee outside counsel handling litigation against the company
• Review and comment on pleadings and discovery prepared by outside counsel
• Monitor insurance coverage case law nationally, and notify internal stakeholders of developments
• Provide training to claim professionals on coverage matters
• Communicate significant claims issues to the Chief Claims Officer

Qualifications

Successful candidates will possess the following experience/skills/qualifications:

• JD required
• Very strong understanding of insurance coverage and bad faith issues and law
• 8 years + experience advising insurers on coverage matters and preparing coverage opinions and position letters

• 8 years + of experience litigating insurance coverage disputes and bad faith claims
• Experience in all aspects of litigation, including preparing pleadings, motion practice, all facets of discovery and trial preparation
• Excellent written and oral communication skills
• Experience in addressing coverage matters under first party property coverage and commercial general liability coverage  
• Ability to manage multiple matters
• Diplomatic, confident and collaborative
• Willingness to travel for meetings with claims teams, and attend mediations and trials (approximately 10%)

The Company is open to considering candidates in numerous locations, including Princeton (NJ), Philadelphia (PA), Chicago (IL), New York (NY), Atlanta (GA), or San Francisco (CA). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $177,700 - $230,000, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate is adjusted to reflect the varying market conditions across different locations, with the higher end being more aligned with the New York and San Francisco job markets. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

#LI-MB1