Chris Magnotta
- Role
- Vice President - Head of Reinsurance Claims and Collections at AIG
- Location
- New York, NY, US
- LinkedIn followers
- 500 followers
Experience
Vice President - Head of Reinsurance Claims and Collections
Dec 2020 — Present · Jersey City, NJ, US
Manage ceded claims and collections for the Global Reinsurance Finance operations where total collections have averaged $3.2B yearly. Direct a staff of experienced professionals who have oversight of collections and accounting functions related to ceded reinsurance. Interact and collaborate with the most senior levels of management on collection activities, process improvements and efficiency enhancements. Collaborate with Reinsurance Legal on the direction of disputed loss cessions. Provide assistance and direction to all segments of reinsurance that include commutations, accounting, and international placements. Highlights: • Decreased net positions through process changes that resulted in the identification of reinsurance in excess of $100M in 2021. • Reduced aged recoverables to historic lows during first year as Head of Reinsurance Claims and Collections by eliminating redundancies and establishing new initiatives focused on efficiencies and a team environment. • Established new processes that reduced risk, eliminated bad debt and enhanced reporting. • Transitioned multinational collections operations and collateral operations to establish a centralized collections team.
Education
American Educational Institute
Legal Principles Claim Specialist
State University of New York College at Oswego
BA, Public Justice
Adelphi University
Generalist Paralegal Certificate, Lawyer's Assistant Program, A.B.A. approved
1989 — 1990
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