At a Glance
- Tasks: Manage complex reinsurance claims and ensure timely, accurate settlements.
- Company: Join Canopius, a leading global specialty lines (re)insurer in the Lloyd's market.
- Benefits: Enjoy hybrid working, competitive salary, pension, health insurance, and more.
- Other info: Embrace a positive culture that values diversity and encourages personal growth.
- Why this job: Make a real impact in a dynamic environment while developing your expertise.
- Qualifications: Strong technical skills in reinsurance claims and experience in the London Market.
The predicted salary is between 63000 - 77000 £ per year.
The Senior Claims Adjuster - Reinsurance is responsible for the adjustment and management of a portfolio of complex reinsurance claims, including Treaty Casualty, Marine, Property and Aviation. The role focuses on end-to-end claims handling, technical excellence, and stakeholder engagement, ensuring claims are assessed, reserved and settled accurately, fairly and in a timely manner. The postholder will act as a technical referral point for complex claims, supporting the broader team and contributing to high-quality claims outcomes aligned with the Canopius claims strategy.
Responsibilities Will Include
- Claims Management & Technical Expertise
- Manage a portfolio of reinsurance claims, including complex and high-value losses across treaty classes
- Ensure timely and accurate coverage analysis, liability determination, reserving and settlement of claims
- Maintain strong control of large losses and catastrophe exposures
- Apply reinsurance contract knowledge (including treaty wordings) to drive appropriate claims outcomes
- Ensure all claims are handled in accordance with internal authority levels and Claims Manual requirements
- Maintain accurate and up-to-date claims records and documentation
- Reserving & Portfolio Oversight
- Establish and maintain accurate claim reserves, ensuring alignment with expected loss development
- Contribute to claims MI, including analysis of trends, large losses and portfolio performance
- Support reserving processes through input into monthly and quarterly reviews
- Identify and elevate potential adverse developments or emerging issues
- Stakeholder Management
- Build and maintain strong relationships with cedants, brokers, underwriters, actuaries and internal stakeholders
- Act as a key point of contact for claims discussions and negotiations
- Support effective collaboration across global claims teams, including Bermuda and Singapore where required
- Represent Canopius professionally in external interactions and market engagements
- Collaboration & Contribution
- Work closely with underwriting and actuarial colleagues to support portfolio performance and profitability monitoring
- Contribute to claims reporting, including large loss updates and material developments
- Share insights and market intelligence to inform underwriting and claims strategies
- Support delivery of claims function initiatives, including process improvements and change activities
- Governance & Compliance
- Ensure adherence to claims governance frameworks, regulatory requirements and internal procedures
- Escalate complex or high-value claims in line with referral processes
- Maintain strong awareness of legal, regulatory and market developments impacting reinsurance claims
Skills And Experience
- Strong technical expertise in reinsurance claims handling
- Proven experience managing complex and/or high-value claims in the London Market environment
- Good understanding of reinsurance contract structures and coverage interpretation
- Experience working with brokers, cedants and internal stakeholders
- Strong analytical and reserving capability
- Excellent communication and negotiation skills
- Ability to prioritise workload and manage multiple claims effectively
- Knowledge of Lloyd's market
Our Benefits
- Hybrid working
- Competitive base salary
- Non-contributory pension
- Discretionary bonus
- Insurances including health (family), dental cover
- Many other benefits to enhance financial, physical, social and psychological health
ABOUT US
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd's of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results. Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected. We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds. We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
Senior Claims Adjuster, Reinsurance employer: Canopius Group
At Canopius, we pride ourselves on being an exceptional employer, offering a dynamic work culture that thrives on collaboration and innovation. As part of our Cyber Incident Management Team, you'll not only gain invaluable experience in handling real-world cyber incidents but also benefit from continuous professional development opportunities in a supportive environment. Our commitment to employee growth, coupled with the chance to work alongside industry experts, makes Canopius a rewarding place to build your career in cyber security.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Adjuster, Reinsurance
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Claims Adjuster, Reinsurance
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Canopius Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Canopius Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Canopius Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Canopius Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Canopius Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Canopius Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
