Head of Claims UK

2 weeks ago


London, UK, United Kingdom Expertise Group Full time

Our reinsurance industry client, with international operations, is seeking a Head of Claims UK & Ireland to join their team.


This role will be responsible for managing claims generated from Specialty reinsurance book consisting of Aviation and Space, Cyber, Marine and Energy, Terror and Political Risk; Syndicate 3456 which primarily focuses on Insurtech startups. The business is generally binder business and is a combination of insurance and reinsurance. Syndicate 3456 writes a broad range of classes including, Casualty, Contingency, D&O, Marine and Property; Assisting with claims generated from Cayman reinsurance entity, as required. This includes lines such as Casualty, Mortgage, Property, Trade Credit and Workers Compensation.


This role will include interaction with the claims team in brokers and lead markets, loss adjusters and legal advisors. The role will work closely with underwriters and actuaries and reports jointly to the CEO UK & Ireland and Group Claims Officer.


Key Responsibilities

  • Settling claims and setting reserves
  • Managing loss adjusters
  • Proactive monitoring of complex claims
  • Conducting claims audits of cedants and MGA’s
  • Identifying claims trends and communicating same to underwriters and actuaries
  • Generating Large Loss reports as required.
  • Regular reporting to Management on Claims activity.
  • Attending and providing input into Reserving Committees
  • Ensuring that claims processes and procedures are robust and in line with best practice.
  • Interacting with Regulators and other stakeholders as required.
  • Ad hoc responsibilities as assigned.


Qualifications:

  • A claims professional with at least 10-year claims experience in (re)insurance.
  • Experience of a broad range of classes including Casualty, Property and Specialty.
  • Experience of overseeing binders and third-party loss adjusters.
  • Experience of London Market processing systems.
  • Self-motivated with the ability to work independently.
  • Effective team player.
  • Strong attention to detail.
  • Possesses the ability and willingness to challenge and probe.
  • Excellent interpersonal and communication skills.
  • Demonstrates integrity and high ethical standards.


The role will be based in Dublin or London office and will require occasional travel to their Cayman office.


Salary will be commensurate with qualifications and experience. Benefits include incentive bonus, medical insurance and pension package.


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