Please enable JavaScript.  This webapp requires JavaScript to work at its best.

Senior Financial Lines Claims Adjuster

The details

Posted:

Arthur is delighted to be partnering with a leading global reinsurance and insurance provider, in their search for a Senior Financial Lines Claims Adjuster. Operating for over 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions their continued success has led them to another exciting growth period.
 
The successful individual will be responsible for handling Financial Institutions, Management Liability (including Directors & Officers), Professional Indemnity, Warranty & Indemnity, and Cyber claims. Reporting to the Head of Financial and Professional Lines Claims, you will handle, investigate, evaluate and resolve complex claims underwritten from the UK on my clients Syndicate and Company platforms. In addition, you will provide oversight and management of TPA’s, adjusters, lawyers and other external experts, with a wide degree of latitude for independent judgment. You will contribute across the company by providing input, advice and review to underwriters and actuaries and participate in onboarding and stewardship meetings with customers and brokers.
 
You will be responsible for: 

  • Reviewing and analysing complex coverage issues and preparation of coverage letters
  • Investigating, analysing and evaluating liability, damages and cost exposures
  • Managing and directing outside experts including adjusters and lawyers
  • Preparing case summary reports related to matters of significant reserve and litigation activity
  • Setting timely and appropriate case reserves
  • Preparation of Large Claims Reports in respect of significant reserve and litigation activity
  • Developing and executing claim strategies as well as resolution strategies
  • Negotiating and resolving cases
  • Managing and overseeing Third party administrators (TPAs)
  • Working with underwriters to support policy construction and drafting, reporting claim trends, data analysis, and risk assessments
  • Participate in claim reviews, stewardship meetings and claim audits
  • Extensive communication and collaboration with insureds, brokers, reinsurers, actuaries, and underwriters
  • Attending client meetings and industry functions to support retention and development of client relationships and business

 
Your Skills, Experience and Qualifications:

  • Thorough understanding of Financial Lines and Cyber coverage
  • Experience with a global insurance company working across multiple underwriting platforms, jurisdictions and markets
  • Good working understanding of London Market claims systems, i.e., ECF, IMR, Trax, etc
  • Knowledge of the insurance industry, claims process and legal and regulatory environment
  • Ability and willingness to present to senior management and to others in other group settings
  • Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency

 
For more information, please contact me on chris.hughes@arthur.co.uk or 0203 587 7471

Are you sure you want to delete this file?
/