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Head- Marine, Engineering

2 months ago

London, United Kingdom Munich Re Specialty Group Full time

Head - Marine, Engineering & Specialty Claims

Company:
Munich Re Specialty Group

Location:
London, United Kingdom

About us:

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Head of Marine, Engineering & Specialty Claims

We are currently looking for a Head of Marine, Engineering & Specialty Claims to be based in London on a full-time basis, reporting into the Group Head of Claims Adjusting.

You will take a proactive approach to the management of claims and look to provide a quality claims service, which pays valid claims promptly and sets reserves at expected ultimate cost, effectively, efficiently, consistently, accurately and in a timely manner. You will take account of applicable regulatory requirements.

Responsibilities:
  • Responsible for the management and adjustment of all Marine, Engineering and Specialty claims emanating from the Syndicate or International Distribution Companies claims which fall outside of their respective level of settlement authority.
  • Manage current outsourced delegation to Crawford & Company of all lead and second lead claims for Cargo, Cargo Liability, Project Cargo & Specie classes of business.
  • Participate in regular leadership and underwriting meetings, providing feedback on policy wordings and market losses amongst other topics.
  • Represent the Syndicate in claims meetings/discussions, both in UK Courts and worldwide, as appropriate.
Knowledge and Skills:

Sound business knowledge and understanding of:

  • Underlying principles of insurance practice
  • Generic legal principles
  • FCA rules and regulations
  • Lloyd’s regulations

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for

Diversity, Equity & Inclusion:

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and Innovating Today:

At Munich Re Specialty – Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact

Benefits:
  • 25 days Annual Leave + bank holidays
  • 10% Non-contributory Pension
  • Eligibility for an Annual Bonus
  • Private Medical + Dental Insurance
  • Critical illness insurance + Life Assurance + Permanent Health Insurance
  • Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
  • Electric Vehicle Salary Sacrifice Scheme
  • Study & continuing Professional Development Support
  • Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious

Apply now

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