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Senior Financial Lines Claims Adjuster

Arthur
Posted 11 hours ago, valid for 17 days
Location

London, Greater London EC2V7NQ, England

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Arthur is partnering with a leading global reinsurance and insurance provider to find a Senior Financial Lines Claims Adjuster.
  • The position requires a thorough understanding of Financial Lines and Cyber coverage, along with experience in a global insurance company.
  • The successful candidate will handle complex claims, manage external experts, and collaborate with underwriters and actuaries.
  • A minimum of 5 years of experience in the insurance industry is required for this role, with a focus on Financial Institutions and Management Liability claims.
  • The salary for this position ranges from $90,000 to $120,000, depending on experience and qualifications.
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 or

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.