An exciting new Senior Property Claims Adjuster opportunity is available at a rapidly growing Lloyd's Managing Agency. Reporting to the Head of First Party Claims, the role is responsible for the professional handling of Property & Energy claims. The Property & Energy portfolio written in London extends to both Lloyd's and wholesale markets covering geographical regions UK, International and North America.
You should be comfortable acting as Lead or as a Co-insurer, and capable of technical coverage evaluation and exposure analysis and influencing a market to reach the desired outcome.
The ideal candidate will have worked in a similar Mid Level / Senior Commercial Property claims position and have working knowledge of jurisdictional laws and regulations. This will be a hybrid role.
Duties and Responsibilities
Manage a portfolio of claims of varying severity within defined technical authority from first advice through to settlement, including, coverage review, fact investigation, loss evaluation, and designing and executing on an appropriate claim resolution strategy.
Keep Claim Management and Internal Stakeholders aware of loss potential and material claim developments, consistent with the Claim Handling Expectations and Standard Operating Procedures.
Experience managing a variety of First Party claims such as UK Real Estate, Commercial or Corporate Property.
Knowledge and experience of Energy & Construction related products and claim handling beneficial.
Strong knowledge of Property coverage and endorsements.
Review and analyse coverage, prepare appropriate coverage position letters, and collaborate with underwriters to support policy construction and drafting, reporting claim trends, data analysis, and risk assessments.
Ability to review, analyse, investigate, and evaluate property damage exposures, estimates, including physical damage, business interruption, subrogation, and recovery.
Management and direction of outside lawyers, including reviewing and approving legal and/or expense budgets and bills.
Ability to manage, direct and audit independent vendors (loss adjusters, TPAs, assistance companies)
Preparation of case summary reports related to matters of significant reserve activity, and effective communication to key stakeholders.
Timely and appropriate setting of claim reserves.
Development and execution of claim strategies as well as resolution strategies.
Negotiation and resolution of claims, including the attendance at trials, mediations, and settlement discussions.
Participate in claim reviews, quarterly claims reserving meetings, claim audits and peer reviews, and stewardship meetings.
Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate insights and trends to underwriters, insureds, and brokers.
Effective communication and collaboration with internal stakeholders (Claims Leadership, Underwriters, Finance, Actuaries, Ceded Reinsurance), and externally with insureds, co-insurers, brokers, TPAs, reinsurers and vendors
Attend client meetings and industry functions to support retention and development of client business and broker relationships.
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