Marine Engineering Claims Specialist

4 weeks ago


London, Greater London, United Kingdom oilandgas Full time
About us

Munich Re Specialty - Global Markets (MRS-GM) aims to become the leading Primary Specialty Insurance provider. Our strategy is underpinned by effective and adaptable approaches, superior products, and industry leaders working in a supportive environment.

Please visit our website for more information.

Head of Marine, Engineering & Specialty Claims

We are seeking 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.

This role involves taking a proactive approach to the management of claims and providing a quality claims service. This includes paying valid claims promptly and setting reserves at expected ultimate cost, effectively, efficiently, consistently, accurately, and in a timely manner. The role also involves taking account of applicable regulatory requirements.

Key Responsibilities
  • Manage and adjust all Marine, Engineering, and Specialty claims emanating from the Syndicate or International Distribution Companies claims that fall outside of their respective level of settlement authority.
  • Oversee the 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

The ideal candidate will have sound business knowledge and understanding of:
  • Underlying principles of insurance practice
  • Generic legal principles
  • FCA rules and regulations
  • Lloyd's regulations
We encourage applicants who are excited about this role but may not meet every requirement to apply.

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