Claims Underwriter, Property - FTC

Claims Underwriter, Property - FTC

Full-Time 63000 - 77000 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Handle property claims and support underwriting teams while mentoring junior underwriters.
  • Company: Join Hamilton, a vibrant and inclusive global insurance company.
  • Benefits: Enjoy a collaborative culture, competitive salary, and opportunities for professional growth.
  • Other info: Dynamic work environment with a focus on teamwork and individual contributions.
  • Why this job: Make a real impact in the insurance industry while developing your skills.
  • Qualifications: Experience in property claims and strong analytical skills required.

The predicted salary is between 63000 - 77000 £ per year.

We're looking for a Property Claims Underwriter - 12 month FTC based in London and reporting to the Head of Property and Inwards Reinsurance Claims, Hamilton Global Specialty. This role will be responsible for claims handling of the Property and Inwards Reinsurance Claims portfolio, particularly the Property Binders and D&F books, but also other classes of business as required from time to time.

What you will do:

  • Adjust claims within the Claims Authority in accordance with Hamilton’s Claims Philosophy and Claims Protocols and Lloyd’s Claims Principles and sub-principles.
  • Be responsible for the handling of the Property Binder claims and assist with mentoring junior Property Claims Underwriters, where appropriate.
  • Work closely with and support the Underwriting teams whose claims you handle, including regular updates and the provision of renewal information when required.
  • Work closely with brokers and clients in resolving their claims.
  • Liaise with following and co-lead markets, including arranging and hosting, where necessary, or attending market meetings.
  • Instruct and manage lawyers and experts where appropriate to assist in the determination of coverage or assessing quantum or handling any dispute as it may arise.
  • Act as the relationship manager and key point of claims contact for all DCAs within the Property Binders book alongside the delegated authority team and underwriters.
  • Oversee the outsourced review and processing of monthly financial bordereaux, ensuring these are up to date and reporting any issues to the Head of Claims Operations & Analytics, Claims Managers, the Binder Authority Team and Underwriters.
  • Ensure the internal CAT plan is implemented and adhered to where necessary.
  • Review loss fund adequacy and assist Hamilton’s Claims Operations Department in the recovery of loss funds on prior years.
  • Ensure that Hamilton’s Reserving Philosophy is applied and that all claims reserving is undertaken in a consistent, timely and accurate manner.
  • Escalate large or complex claims up through the Claims Department as required and complete Executive Claims Summaries when appropriate.
  • Report on a timely basis appropriate claims to the Outwards Reinsurance Department and assist with recoveries from reinsurers, where necessary.
  • Assist Hamilton’s Claims Operations Department with the company's delegation of claims authority to Cover holders and Delegated Claims Administrators (DCAs), including maintaining the control framework over the delegation of claims authority; agreeing and updating DCA’s Service Level Agreements; ensuring that appropriate MI is submitted regularly; and ensuring that work undertaken on Hamilton’s behalf is suitably peer reviewed, audited and compliant with all regulation.

What you require for the role:

  • Experience within the market of handling property binders and general property claims, ideally inwards reinsurance claims.
  • Strong IT skills, particularly Excel.
  • Highly analytical and numerate with attention to detail.
  • A willingness to work in a responsive, collaborative and efficient manner.

What you can expect from us:

At Hamilton, we offer a vibrant, entrepreneurial and collaborative workplace shaped by our values: Be Smart, Be Sensible, Be Open and Be More. Our employees consistently say they would recommend Hamilton as a great place to work — a testament to the inclusive, supportive, and empowering culture we’ve built together. We embrace individuality, value diverse perspectives, and recognise the unique contribution each person makes to our continued success.

Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world. Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US and Dublin. We work collaboratively, share a passion for the service and results we deliver, and know that what we do each day is meaningful – to our customers and our business.

Claims Underwriter, Property - FTC employer: Hamilton

Hamilton offers an exceptional working environment in London, where collaboration and innovation thrive. As a Reserving Actuary, you will benefit from a vibrant culture that encourages professional growth and development, alongside competitive remuneration and comprehensive benefits. Join us to make a meaningful impact while enjoying the unique advantages of working in one of the world's leading financial hubs.

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Contact Details:

Hamilton Recruitment Team

We think you need these skills to ace Claims Underwriter, Property - FTC

Claims Handling
Property Binders
Inwards Reinsurance Claims
Analytical Skills
Attention to Detail
Strong IT Skills
Excel