At a Glance
- Tasks: Manage US casualty binder claims and provide expert support throughout the claims process.
- Company: Join a leading independent Lloyd's broker focused on innovative risk management.
- Benefits: Competitive salary of £65,000 and opportunities for professional growth.
- Other info: Collaborative work environment with potential for international exposure.
- Why this job: Be part of a dynamic team making a real impact in the insurance industry.
- Qualifications: Experience with US casualty binders and strong communication skills required.
ROLE: Claims Executive – US Casualty & Specialty Lines
LOCATION: LONDON – City
SALARY: £65,000
PURPOSE OF THE ROLE
My client is a well-established independent Lloyd’s broker with a singular focus on improving the way businesses manage risk. On a mission to reinvigorate broking, they have ambitious growth plans and are looking to add a Claims Associate to their London team. The successful candidate will provide technical claims support across multinational and multi-layered programmes, with a focus on US casualty binders, financial lines and property. You will be responsible for ensuring claims are valid, processed and paid within agreed timescales, acting as a key claims advocate for clients throughout the lifecycle of each matter.
RESPONSIBILITIES
- Oversee and coordinate a portfolio of US casualty binder claims, including Professional Liability, General Liability, E&O, EPL, Crisis Management and other specialty liability classes, ensuring effective communication between clients, TPAs, coverholders and insurers.
- Review and assess claims information, coverage positions and carrier responses, providing clients with clear, commercially focused advice.
- Monitor claim progress from notification to resolution, ensuring all parties meet contractual, regulatory and service-level requirements.
- Act as a key claims advocate for clients, negotiating with insurers, TPAs, adjusters and legal representatives to support favourable and timely outcomes.
- Demonstrate strong working knowledge of CLASS and ECF systems, ensuring efficient submission, tracking and agreement of claims within the Lloyd’s and company markets.
- Provide claims support across financial lines (D&O, E&O, Financial Institutions, Professional Indemnity) and property, including CAT and technical industrial risks, for both direct and reinsurance placements.
- Use broking systems to produce documents and accounting entries, ensuring their accuracy.
- Liaise with colleagues across London and overseas offices to deliver a consistent and collaborative claims service.
- Participate in client reviews, renewal preparation and underwriter and broker meetings.
DAY TO DAY
- Managing an active portfolio of US casualty binder claims from first notification through to settlement.
- Reviewing coverage positions and drafting commercially focused advice for clients.
- Submitting and tracking claims via CLASS and ECF, maintaining data accuracy across internal systems.
- Negotiating with insurers, TPAs, adjusters and legal representatives on behalf of clients.
- Liaising with London and overseas colleagues to ensure a consistent claims experience across the network.
- Attending client reviews, renewal meetings and market meetings as required.
- Ensuring claims records and data are maintained in line with Lloyd’s and company market requirements.
EXPERIENCE
- Previous experience working with US casualty binders and third-party claims is essential.
- Good working knowledge of the (re)insurance market and London systems – CLASS, ECF and IMR.
- Knowledge of property and financial lines advantageous but not essential.
- Experience within the London Market, ideally within a Lloyd’s broker or MGA environment.
- Knowledge of Eclipse and/or ImageRight advantageous.
- Ability to manage multiple priorities, re-prioritise workloads and meet deadlines in a fast-paced environment.
SKILLS
- Excellent communication skills with the ability to manage expectations and messaging across all stakeholders.
- Well organised with the ability to prioritise and re-prioritise workloads as demands evolve.
- Advanced Microsoft Excel and Word skills.
- A collaborative team player who is comfortable working across London and international offices.
- CII qualified or working towards qualification is advantageous.
- Commercially minded with a proactive, client-first approach.
If you have the relevant experience or know someone that does, please contact me now.
Binder Claims Executive - US Casualty & Financial lines employer: Lawes Group Recruitment
Join a dynamic team in Watford, Hertfordshire, where we prioritise a supportive and collaborative work culture for our Commercial Account Handler role. With competitive salaries and clear progression opportunities, we empower our employees to grow and thrive while delivering exceptional service to our commercial insurance clients. Experience a hands-on leadership style that fosters development and teamwork, making this an excellent place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Binder Claims Executive - US Casualty & Financial lines
✨Dive Into Industry Networking Events
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We think you need these skills to ace Binder Claims Executive - US Casualty & Financial lines
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 Lawes Group Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lawes Group 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 Lawes Group 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 Lawes Group 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 Lawes Group 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 Lawes Group 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.
