Marine Engineering Claims Specialist
4 weeks ago
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.
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
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