Senior Reinsurance Claims Adjuster

2 days ago


London, Greater London, United Kingdom Ascot Group Full time £60,000 - £90,000 per year

Job Description
This is an opportunity to join Ascot Group - one of the world's preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way,
The Ascot Way
.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients' brightest tomorrow, through agility, collaboration, resilience, and discipline.

Job Purpose
To provide support in the adjustment, management, and administration of Ascot's claims.

Detailed Duties

  • Handle complex claims as defined in the Ascot Claims Guidelines within authority.
  • Deal with referrals from DXC on claims within authority.
  • Liaise with underwriters and update them on claim developments and assist in the preparation and delivery of the monthly class of business claims report.
  • Liaise with the outwards reinsurance team so that they are aware of developments on significant claims which may impact our reinsurances.
  • Build and maintain Ascot's profile with claim brokers and key external experts.
  • Preparation of IBNR Schedules iro Cat events.

Administration

  • Preparing and/or reviewing initial set up of claim entries and keeping up to date the Claims Management system entries for complex claims.
  • Diary management of complex claims.
  • Loading documents on to the IMR or the Compass Claims System.
  • Liaison with DXC and other insurers regarding complex claim CLASS entries.
  • Reviewing daily SCM and highlighting those claims which need further review.
  • Liaising with underwriters, brokers and loss adjusters to update reserves and obtain reports.
  • Support on major losses (including attending claims meetings) and liaising with XCS and other underwriters.
  • Assist in the preparation of regular claims reports – ownership of significant claims reports used to inform senior management and underwriters of large loss developments.

Please be aware that Ascot Group's job opportunities will be posted on our official careers page. All official communication comes from email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy . We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.



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