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Property/specialty Treaty Claims Adjuster

3 months ago

London, Greater London, United Kingdom Harrison Holgate Full time
Our client, a Lloyd's Managing Agency, have a new opening for a Property/Specialty Treaty Claims Adjuster. Applicants should have prior Property or Specialty Treaty claims experience.

Responsibilities:


Responsible for determining coverage, setting reserves and settlement of claims in the role of Claims Agreement Party for various classes of business, predominantly Property Treaty, written.

Liaising with co-insuring Syndicates, companies and claims bureau on large or contentious claims (including issuing market circulars)
Assigning, managing, controlling and liaising with relevant service providers during the life of a claim (including lawyers, loss adjusters, third party administrators)
Maintaining files for all lead and Claims Agreement Party claims ensuring that electronic claims records accurately reflect the current position
Exercise knowledge of the laws of tort and contract and keep abreast of relevant statutory and case development
Ensure that company systems and procedures are up to date, are compliant with Lloyd's and FCA regulations, and are being adhered to within the department
Building and maintaining relationships with brokers, adjusters, agents, coverholders, TPA's and other service providers, dealing with them in an efficient, polite and professional manner
Provide oversight and review of delegated outsourcing arrangements
Liaising with Reinsurance and Underwriting departments on key issues
Work with Class Underwriters to monitor particular classes of business and identify claim activity within it
Preparation and analysis of monthly/quarterly reports
Consult with Class Underwriters in situations where clarification of underwriting intent is required, where requests for ex-gratia/commercial settlements have been presented, and where coverage is disputed
Undertake business travel when necessary.