Over all purpose of the job:

The Syndicate writes a large reinsurance account both through Lloyd’s and the company.
The role is to be responsible on a day-to-day basis for providing assistance to the company in the adjustment of large inwards reinsurance claims and on the adjustment of inwards reinsurance claims.
The claims can be complex, high value and often involve a number of interested parties, both in the UK and overseas (predominantly in the US ).
As a Claims Underwriter you will be responsible for handling various types of liability claims, including D&O, Professional Indemnity, Marine Liability and Energy Liability from first advice to settlement within clearly defined authority limits.
Working closely with brokers and clients you will ensure that a prompt and effective resolution is provided.

Principle Duties and Responsibilities:

Manage claims portfolio proactively from first advice to settlement, with the emphasis on early settlement of disputes rather than reverting to litigation.
Work closely with brokers and clients, providing prompt and effective claim resolution, within clearly defined authority limits.
Refer contentious and/or financially significant claims to the Head of First Party claims or Head of Third Party Claims as appropriate.
Assist in providing meaningful qualitative and quantitative data to senior management, actuaries, underwriters, which can be used to enhance the underwriting process.
Identify, understand and communicate key technical issues impacting the First and Third Party book of business
Assist in audits of services providers; more generally to appraise the value added by service providers, and to evaluate the changing relationship dynamics. Liaise with, and provide feedback to, underwriters on product development and wordings.
Maximise recoveries/leakage.
Take responsibility for certain aspects of the claims re-engineering process.

Qualifications, Skills, Experience and personal requirements:

Educated to degree level - Law graduates will be particularly well regarded (non graduates with demonstrable relevant experience and excellent A’levels would be considered).
Insurance industry experience.
Knowledge of principles of US/UK/common law jurisdictions.
Completed ACII examinations or commitment to complete them.
Good mathematical skills (at least GCSE level achieved).
A confident communicator with demonstrable communication skills both oral and written.
Sound commercial judgement.
A driven individual and effective team worker.
Ability to prioritise work and work effectively and accurately under pressure, ensuring that deadlines are met.
Willingness to travel internationally (probably USA ) as required and attend evening business social events as appropriate.