Head of Technical Due Diligence [Insurance Claims]

Head of Technical Due Diligence [Insurance Claims] Department: Business Development Employment Type: Permanent – Full Time Location: UK (London) Description We are a fast-growing global reinsurance specialty company servicing the insurance markets of Lloyd’s, Europe, and North America. Our global Business Development team is the ‘engine’ of the Group, responsible for market-facing origination and M&A activities on all new acquisitions in a fast-paced, multi-deal environment. Due to departmental expansion, our M&A Director has a brand new and unique opportunity for someone with extensive technical re/insurance claims experience to be our first Head of Technical Due Diligence (DD). You’ll build a small team and lead on technical and claims DD on various transactions across our markets, evaluating the risk in books of business across a variety of (re)insurance classes. Along with your insurance claims expertise, you’ll also bring strong data analysis and project management discipline to our collaborative environment, working primarily with the M&A and Actuarial teams. Responsibilities Act as lead stakeholder for the technical evaluation of the re/insurance portfolios in DD. Assess claims management processes, case reserve setting practices, settlement practices, and overall management of the claim lifecycle. Assessment of inuring reinsurance protection covering portfolios under consideration. Managing suppliers as part of the claim value chain to help assess ALAE provisions. Engagement with and support of actuarial reserving, including use of specific IBNRs. Processes on emerging trends, thematic events, and the use of claims watchlist or other sensitivity data. Liaising with the relevant teams to develop pertinent and robust sampling selections and performing (or managing an external TPA to perform) a claim file review and audit to assess reasonable ultimate claim cost ranges and working with Compre M&A and M&A Actuarial to establish a best estimate case reserve. Working closely with the Data Analytics team to develop portfolio diagnostics and dashboards that support efficient due diligence processes. Contributing to the identification of risks in new deals, evaluating risk mitigation strategies from a claims perspective, and developing a DD plan to serve both purposes. Supporting an assessment of value creation strategies and work with the Portfolio, Claims, and Reserving teams to articulate that strategy into a targeted claims management plan. Preparing detailed technical DD reports to support M&A, Executive, and Board members in transaction decision-making. Identifying and developing a network of experts available to assist us with DD assessments or value creation. Inputting to the annual value creation plan process for own portfolios. Drafting the 100-day value creation plan for any new portfolio. Preparing and delivering a handover and plan for new portfolios to the technical claims teams. Undertaking commutations where assigned. Candidate Requirements Right to work in this location. High quality all-round claims experience in a number of insurance classes with an emphasis on casualty/liability. Exceptional data analytical skills including an ability to analyse varying datasets quickly and effectively. Strong report writing skills. Independent thinking and willingness to develop experience to new exposures. Commercial acumen and an ability to identify areas of risk and value in insurance liabilities. Strong communication skills with the ability to influence key stakeholders at all levels. Highly developed commercial and financial skills. Strong leadership skills that are focused on maximising value – ideally you will have experience managing and/or building a new team. Proactive, comfortable working in an agile environment with stakeholders in multiple locations. Contributing positively to our culture and values. Benefits Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience. As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients\’ needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients\’ needs with scalable and new technology, delivered by our growing agile Data and Technology team. Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation. Why join us? At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd\’s, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK, and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS, and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre. Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying: competitive salary & annual bonus a health & wellbeing subsidy (£20 per month) (from Day 1) a generous pension (eligible after probationary period) private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1) life assurance (from Day 1) income protection (from Day 1) 25 days annual leave (from Day 1) cycle to work scheme (from Day 1) season ticket loan (interest free) (eligible after probationary period) electric vehicle scheme (eligible after probationary period) EAP (Employee Assistance Programme) (from Day 1) learning/study support and reimbursement for professional memberships hybrid working employee socials and recognition programme #J-18808-Ljbffr