At a Glance
- Tasks: Manage and adjust Casualty Reinsurance claims while analysing data and negotiating settlements.
- Company: Leading Insurer in the heart of London with a strong reputation.
- Benefits: Competitive salary, potential for permanent role, and professional development opportunities.
- Other info: Opportunity for career growth and to work on international and US-based risks.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Strong experience in Claims Adjusting within the Casualty Reinsurance sector.
The predicted salary is between 36000 - 60000 £ per year.
Overview
New Role: Claims Adjuster - Casualty Reinsurance
Lloyd's Insurer
City of London
I am currently partnered with a leading Insurer who are seeking a Claims Adjuster to join their team on a 9M contract basis to cover maternity, which could end up going permanent.
This role will be adjusting Casualty Reinsurance Claims including but not limited to; APH, Workers Compensation and European Motor. This will be a mix of International and US based risks.
My client is looking for someone with strong Claims Adjusting experience in the Casualty Reinsurance space.
Key Responsibilities
- Manage an individual caseload, analysing critical data and factual reports, setting appropriate reserves, negotiating settlements directly with Cedants, and confidently making and supporting independent decisions.
- Maintain accurate and up-to-date claims files, ensuring all data is captured in line with best practice standards.
- Prepare clear, concise written and verbal reports for senior management.
- Develop and maintain effective working relationships with Cedants, Brokers, Co-Reinsurers, and Legal Representatives in the evaluation and management of reinsurance claim exposures.
- Ensure all policy obligations are fulfilled and that Customers are Treated Fairly at all times.
- Adhere to all compliance requirements, maintain strict confidentiality, and act as a company representative by modelling and upholding company policies and standards.
- Deliver against agreed objectives and performance targets.
- Support team success by contributing to related tasks, initiatives, and projects as required.
- Contribute to profitable growth by providing risk insights, trend analysis, and identifying emerging risks.
- Support audits of Cedants and other relevant parties, including participation in due diligence activities where required.
- Liaise effectively with actuarial, finance, and operations teams as necessary.
- Stay informed of relevant legal, regulatory, and medical developments.
- Escalate and report significant developments, issues, and trends to the Head of London Market Claims as appropriate.
Claims Adjuster - Casualty Reinsurance in London employer: HFG Insurance Recruitment
Join a leading reinsurance business in London, where you will be part of a dynamic team dedicated to compliance and financial crime prevention. With a strong focus on employee development, we offer opportunities for growth and advancement while fostering a collaborative work culture that values your expertise. Enjoy the unique advantage of working in one of the world's financial hubs, with the flexibility of a hybrid work model that promotes work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Adjuster - Casualty 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 HFG Insurance Recruitment). 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 HFG Insurance Recruitment. 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 Claims Adjuster - Casualty 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 HFG Insurance Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HFG Insurance Recruitment. 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 HFG Insurance Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HFG Insurance Recruitment 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 HFG Insurance Recruitment, 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 HFG Insurance Recruitment'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.
