At a Glance
- Tasks: Manage complex reinsurance claims and ensure timely, accurate settlements.
- Company: Join a leading reinsurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to collaborate globally and grow your career in a supportive team.
- Why this job: Make a real impact in the reinsurance industry while developing your expertise.
- Qualifications: Experience in reinsurance claims handling and strong analytical skills.
The predicted salary is between 60000 - 80000 £ 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 escalate 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
Senior Claims Adjuster, Reinsurance in London employer: Canopius
At Canopius, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our culture fosters collaboration and innovation, providing employees with ample opportunities for professional growth and development within the reinsurance sector. With a commitment to technical excellence and stakeholder engagement, we ensure that our team members are supported in their roles, making a meaningful impact on the claims landscape while enjoying a competitive benefits package.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Adjuster, Reinsurance in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Canopius). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Canopius. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Claims Adjuster, Reinsurance in London
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Canopius. 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
✨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 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, 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'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.
