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10200 Arch Capital Services LLC
Corporate Insurance Specialist
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What they do
An Insurance Lawyer works with the law surrounding insurance, including insurance policies and claims. The role can be defined in three categories - Regulation of business insurance, contents of insurance policies and regulation of claim handling.
$170,564 / year median in the U.S.
+15% projected growth
Job Description
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary Support the management of Arch's global corporate insurance program, including the placement, administration, governance, renewal, and documentation of insurance coverages worldwide to ensure insurance programs remain aligned with Arch's evolving operations, legal entity structure, acquisitions, and international activities. Responsibilities and Accountabilities Corporate Insurance Program Management Coordinate annual insurance renewals, underwriting submissions, exposure data collection, broker deliverables, and policy maintenance. Support the administration of Arch's corporate insurance programs, including management liability, cyber, fiduciary, financial intuitions bond, property, casualty, and other coverages. Assist in the management of multinational insurance programs, including local admitted policies and standalone subsidiary placements. Stakeholder and Broker Management Partner with Risk Management, Legal, Finance, business units, subsidiaries, brokers, and insurers. Evaluate the insurance implications of corporate changes, mergers and acquisitions, transactions, new entities, branches, and other developments, and implement necessary changes to insurance structures or coverage. Coordinate with brokers and subject matter experts on coverage, placement, and insurance-related inquiries. Insurance Operations Maintain policy repositories, renewal calendars, broker contacts, and insurance records. Coordinate the submission of claims to brokers, manage related communications with internal stakeholders, brokers, and insurers, and monitor claim status through resolution. Own the Certificates of Insurance (COI) process. Manage insurance invoicing and payment coordination. Governance Maintain the Global Insurance Manual and insurance process documentation. Develop and enhance controls supporting policy administration, claims tracking, renewals, local insurance purchases, invoicing, and document management. Maintain the Global entity management system with support of Legal team; work closely with Legal and other functions as needed for the role.