Marine Engineering Claims Leadership Opportunity

1 week ago


London, Greater London, United Kingdom Munich Re Specialty Group Full time

At Munich Re Specialty – Global Markets, we strive to become the leading Primary Specialty Insurance provider. Our strategy is underpinned by effective and adaptable solutions, superior products, and industry leaders working in a supportive environment.

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.

The successful candidate will take a proactive approach to the management of claims, providing a quality claims service that pays valid claims promptly and sets reserves at expected ultimate cost. This includes taking account of applicable regulatory requirements.

Key Responsibilities:

  • Manage 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.
  • Oversee the 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.

Required Skills and Qualifications:

  • Sound business knowledge and understanding of underlying principles of insurance practice, generic legal principles, FCA rules and regulations, and Lloyd's regulations.

Benefits:

  • £80,000 - £100,000 per annum (dependent on experience), plus 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.


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