Senior Claims Adjuster

2 weeks ago


London, United Kingdom Munich Re Full time
Senior Claims Adjuster - USA Property & Casualty

Company
Great Lakes Insurance SE

Location
London, United Kingdom

Together, we engage with everything we have and are, to help humankind act braver and better.

About Great Lakes Insurance SE:

As specialty provider of primary insurance services in the UK, Great Lakes London Branch ("GLLB") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities connected to the reinsurance core business and progress opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and with branch offices in UK, Ireland, Switzerland, Italy and Australia.

Great Lakes Insurance UK Limited ("GLLS"), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.

Job Purpose:

To manage a portfolio of claims on referral and provide oversight and control of USA Property, Casualty and Transportation binder claims in adherence with the mission statement, guidelines and operating standards of the Company

Key Responsibilities:

  • Appropriate investigation and assessment of referral claims from MGA partner for coverage, damages and subrogation/contribution opportunities.
  • In-depth understanding of managing delegated authority relationships to include regulatory requirements and changing legal landscape for Property Liability/Casualty/Transportation claims.
  • Proactive and prompt management of claims, considering all aspects with a strategic vision for optimal claim outcome.
  • Continual evaluation of claim to set appropriate, timely reserves over the life of the claim to reflect changes in exposure.
  • Demonstrate strong technical claims proficiency through consistent execution of best claim practices.
  • Strategically coordinate and manage outside counsel and vendors to obtain optimal claim outcome.
  • Present high exposure (CAT) claims to Claims Leadership and Key Stakeholders.
  • Collaborate and work closely with internal and external business partners for client meetings, product development and improvement, and account audits.
  • Innovative mindset - looks for ways to improve claim efficiencies and outcomes.
  • Proactively managing claims with a strategic, total cost of claim mindset.
  • Technical, analytical and critical thinking to properly determine coverage and liability as well as effective oversight and control of MGA.
  • Host regular meetings with MGAs to discuss individual claims, MGA/TPA performance, and provide feedback to management to include remediation plans where applicable.
  • Conduct regular audits as required and follow up with the organisation and closure of claims audit findings.

General Duties & Tasks:

  • Monitor and handle USA Binder Property, Casualty and Transportation claims by way of referrals in line with set authorities, operating standards and procedures, whilst promoting excellence at all times.
  • Oversight and control of claims performance providing detailed analysis of management information.
  • Organise and conduct regular monitoring meetings with clients, conducting audits, due diligence and report findings as required. Participate in preparatory or follow up discussions as required. Liaise with Underwriters, Client Managers, Agency and Auditors as required.
  • Investigate and negotiate settlement of claims, liaising with any co-insurers and experts and providing direction where appropriate
  • Assess and calculate case reserves.
  • Attend conferences with Counsel, trials, depositions and mediations as deemed appropriate and successfully communicate the Company’s views and opinions
  • Assess inflationary factors and trends to assist the underwriting and pricing of business. Co-ordinate data collection and ensure delivery within agreed timeframe.
  • Provide underwriters with claims feedback to assist in underwriting and pricing of business by identifying relevant issues and trends. Where appropriate provide recommendations.
  • Represent and advance the interests of the Company at market meetings and working parties
  • Plus any additional duties that may reasonably be expected to be undertaken in accordance with the role.

Key Skills & Experience:

  • 5 years plus experience of U.S. Property and Casualty Claims; and Auto/Cargo (physical damage) lines is a plus.
  • Experience of overseeing USA Binder business, tracking MI and resolving TPA audit findings
  • Understanding of technical claims proficiency and execution of best claim practices.
  • Ability to work independently, multi-task, and remain self-motivated in a fast-paced environment.
  • Strong business acumen and ability to collaborate with other departments and vendors.
  • Customer-service and relationship oriented.
  • Good verbal and writing skills for internal and external communication, presentations and reporting.
  • Good analytical thinking, advocacy and negotiation skills.

Qualifications and Educational Requirements:

  • Educated to degree level or equivalent
  • ACII or progress to completion

You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.

About Us

Here at Munich Re we want to offer our staff the opportunity to grow in an exciting, driven and diverse working environment. We believe that your enthusiasm to apply your outstanding knowledge crafts the future, the future of our clients, of Munich Re and of course your own.

Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees.

#J-18808-Ljbffr
  • Senior Claims Adjuster

    12 hours ago


    London, United Kingdom Claims Recruitment Services Full time

    **Senior Claims Adjuster** **London** **Competitive Salary + Excellent Benefits** We are recruiting for a Senior Claims Adjuster on behalf of our client, a very well established and highly regarded Lloyd’s Syndicate/(Re)insurance company, with an excellent reputation in the London/Lloyd’s and global markets. The key purpose of the role is to handle a...


  • London, United Kingdom Claims Recruitment Services Full time

    **Marine Complex Claims Adjuster** **London** **£40,000 to £45,000 + Excellent Benefits** We are currently recruiting for a Marine Complex Claims Adjuster on behalf of our client, a highly regarded Lloyd’s Syndicate with a very strong global reputation. **Key Responsibilities** - Managing a portfolio of Complex Marine Claims. - Ensuring effective...

  • Senior Claims Adjuster

    12 hours ago


    London, United Kingdom Ricci Recruitment Full time

    Looking to join a fantastic claims team? - Joining a great team & Insurance organisation within a sought after Property Claims Team - You ideally will have experience working from within Insurance or the London Market handling complex claims - So good knowledgeof handling claims the processes, procedures and regulations will be amust! Knowledge of Property...

  • Claims Adjuster

    2 days ago


    London, United Kingdom Exchange Street Claims ltd Full time

    Claims Technician based in Cheadle Hulme Liability Adjuster operating throughout East Anglia Liability Adjuster operating throughout London Can't find the job you're looking for?Complete this short form & submit your CV then we will do the rest (Permitted file size is 5Mb and file types are: doc, docx, txt, pdf, rtf, xls) Please complete the form...


  • London, United Kingdom IDEX Consulting Ltd Full time

    Job Description Senior Claims Adjuster - London We are working exclusively with one of the leading insurers in the Lloyds of London market who are looking for a Senior Claims Adjuster to bolster their claims team. The main purpose of the role will be to handle a caseload of complex claims for Professional Indemnity, D & O, Civil Liability and Crime &...


  • London, United Kingdom High Finance (UK) Limited TA HFG Full time

    New Vacancy: Senior Claims Adjuster (Marine) City of London - Lloyd's Business. Salary £80,000 - £90,000. I am currently recruiting exclusively on behalf of a Lloyd's business, who are looking to add a Marine Senior Claims Adjuster, to join their Claims division. This is a fantastic opportunity to work in a varied and ever changing role, where you will...


  • London, United Kingdom Arthur Full time

    A highly regarded and well respected Lloyd's Syndicate is seeking to hire a Senior Financial Lines Claims Adjuster to join their highly successful and continuously growing claims department based in the centre of the London Insurance market. In this role you will be handling claims arising out of my clients Professional and Financial Lines book of business,...


  • London, United Kingdom IDEX Consulting Ltd Full time

    Senior Claims Adjuster - London We are working exclusively with one of the leading insurers in the Lloyds of London market who are looking for a Senior Claims Adjuster to bolster their claims team. The main purpose of the role will be to handle a caseload of complex claims for Professional Indemnity, D & O, Civil Liability and Crime & Fidelity from...


  • London, United Kingdom Arthur Full time

    Arthur is excited to be supporting a highly-respected global Insurer operating on both Company and Syndicate platforms to hire a Senior Claims Adjuster with a skill-setand experience in Energy claims and Natural Resources. In this role you will be responsible for the proactive handling of claims within authority for Natural Resources classes, particularly...

  • Claims Adjuster

    6 days ago


    London, United Kingdom Ricci Recruitment Full time

    Another sought after Claims Adjuster role within the Market with a competitive salary and benefits you will be working with an established claims Team. Managing a portfolio of lead market claims you will be working across across Commercial Property Claimsto include Large sometimes Complex claims - You will have good knowledge of London Market Claims...

  • Claims Adjuster

    7 days ago


    London, United Kingdom Eames Consulting Full time

    Financial Lines (Senior) Claims Adjuster, Insurer, London/Hybrid Currently working with a well regarded company market Insurer looking to high a Claims Adjuster/Senior Claims Adjuster to their team in London. This role will focus on handling FI and D&O claims emanating largely from North America, Europe and Australia.The role benefits from sitting in a flat...


  • City of London, Greater London, United Kingdom Harrison Holgate Full time

    A Lloyd's Syndicate have an exciting opportunity for a Senior Claims Adjuster, to join their Financial Lines claims team. The role will involve handling FI, D&O and W&I claims. Key Responsibilities To handle financial lines claims (FI, W&I and D&O) for a wide variety of financial institution, professional and commercial clients written in the...


  • London, United Kingdom Combined Insurance Full time

    Are you a proficient Claims Handler/Adjuster looking to develop your existing experience with one of the largest insurers in the world? We have an excellent opportunity for an experience Claims Adjuster to join our Aviation team based in our London office. The main purpose of this role is to produce high quality work product from initial contact through to...

  • Senior Claims Adjuster

    Found in: Jooble UK C2 - 5 days ago


    London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation. Lead the handling of Marine Claims, covering a spectrum including...

  • Senior Claims Adjuster

    Found in: Talent UK 2A C2 - 5 days ago


    London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation.Lead the handling of Marine Claims, covering a spectrum including...

  • Senior Claims Adjuster

    Found in: Appcast UK C C2 - 4 days ago


    London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation.Lead the handling of Marine Claims, covering a spectrum including...

  • Senior Claims Adjuster

    Found in: Appcast UK C2 - 5 days ago


    London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation.Lead the handling of Marine Claims, covering a spectrum including...

  • Senior Claims Adjuster

    Found in: Appcast Linkedin GBL C2 - 5 days ago


    London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation.Lead the handling of Marine Claims, covering a spectrum including...

  • Senior Claims Adjuster

    Found in: Whatjobs ES C2 - 3 days ago


    London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation. Lead the handling of Marine Claims, covering a spectrum including...


  • London, United Kingdom Nashrock Insurance Recruitment Full time

    Joining a prestigious Lloyd’s Syndicate, you will take the helm as the Senior Marine Claims Adjuster, overseeing a diverse portfolio within the marine sector. This pivotal role places you at the forefront of a dynamic claims team, contributing to the seamless operation of the organisation. Lead the handling of Marine Claims, covering a spectrum including...