Assistant Vice President, Transactional & Private Equity Claims

Assistant Vice President, Transactional & Private Equity Claims

Company:
Everest Insurance Company

Job Category:
Claims

Job Description:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

The Assistant Vice President, Transactional & Private Equity Claims is a senior claims leader responsible for the strategic oversight, operational excellence, and performance of the Transactional and Private Equity (Reps & Warranties) Claims portfolio. This role provides enterprise-level leadership for a complex, high‑severity claims book and leads a specialized claims team, ensuring consistent application of best‑in‑class claims practices, disciplined reserving, and alignment with broader company objectives.

The AVP serves as a key advisor to executive leadership and business partners on matters involving significant financial, legal, and reputational exposure, while also acting as a visible representative of the organization to insureds, brokers, reinsurers, and industry stakeholders.

Portfolio & Strategic Leadership

• Own and direct the Transactional and Private Equity claims portfolio, providing strategic oversight of complex, high‑exposure matters within delegated authority.
• Establish and manage portfolio‑level strategies for reserving, large loss reporting, claim resolution, and emerging risk identification.
• Identify, analyze, and communicate loss trends, legislative developments, and market dynamics with enterprise‑wide implications.

People & Performance Management

• Lead, mentor, and develop a team of claims professionals, setting clear expectations for performance, technical excellence, and professional growth.
• Establish individual and team goals, metrics, and performance standards aligned with Claims Department strategy and company initiatives.
• Promote a collaborative, accountable, and high‑performance culture across the claims organization.

Executive & Stakeholder Engagement

• Serve as a trusted advisor to senior management on claims presenting significant exposure or precedent-setting outcomes.
• Maintain strong, strategic relationships with insureds, brokers, reinsurers, underwriters, actuaries, and internal partners.
• Represent the organization at client meetings, broker presentations, and industry events to support retention, market credibility, and business development.

Claims Oversight & Technical Excellence

• Provide executive‑level oversight of complex coverage analyses, liability assessments, and damages evaluations.
• Review and approve coverage position letters involving novel or high‑risk issues.
• Ensure timely, accurate, and appropriate reserving practices consistent with internal controls and governance standards.
• Direct and approve negotiation, mediation, and settlement strategies; monitor and attend trials, mediations, and settlement conferences as required.

Vendor & Financial Management

• Oversee relationships with critical vendors, including outside counsel, forensic experts, and other specialists.
• Review, approve, and manage legal budgets and fee arrangements to ensure cost discipline and value.
• Prepare and present Large Claim Reports for matters involving significant reserves, litigation activity, or trial exposure.

Cross‑Functional Partnership

• Partner closely with Underwriting to support risk selection, policy construction, and drafting, leveraging claims insights and data analytics.
• Provide feedback on policy language, claims trends, and underwriting risk assessment to drive product improvement and profitability.
• Utilize data, metrics, and analytics to optimize claim outcomes, resource allocation, and operational efficiency.

• Minimum of 7+ years of progressive experience handling Private Equity and Transactional Liability (Reps & Warranties) claims, including leadership or management…