Claims Adjuster - Property

HFG; City Of London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

An established industry player is seeking a motivated Claims Adjuster to join their dynamic team in the City of London. This exciting role involves managing Property Claims from a diverse portfolio, focusing on Property Binders and D&F. You will engage with brokers and clients, ensuring effective resolution of claims while collaborating closely with Underwriting teams. This position is perfect for a junior insurance professional eager to grow in a supportive and innovative environment, where your contributions will directly impact the success of the claims process. If you are passionate about the insurance industry and ready to take the next step in your career, this opportunity is for you.

Qualifications

• Junior insurance professional with some Claims experience in Property.
• Knowledge of Claims Authority and internal Claims Philosophy.

Responsibilities

• Adjust claims according to internal Claims Philosophy and Protocols.
• Manage Property Binder claims and collaborate with Underwriting teams.

Skills

Claims Handling

Communication Skills

Collaboration

Education

Degree in Insurance or related field

Job description

New Vacancy - Claims Adjuster (Property)
City of London | Hybrid
Lloyd's Syndicate

I am currently recruiting for a leading Syndicate who are seeking a Property Claims Adjuster to join their growing team.

This role will be responsible for handling Property Claims from the Property & Inwards Reinsurance portfolio, with a focus on Property Binders & D&F. This will involve handling Claims on a worldwide basis and my client is seeking a junior insurance professional, ideally with some Claims experience in Property.

Key Responsibilities

• Adjust claims within the Claims Authority in accordance with internal Claims Philosophy, Claims Protocols, and Lloyd's Lead Claims Arrangements
• Manage and oversee Property Binder claims
• Collaborate closely with Underwriting teams, providing regular updates and relevant renewal information as needed
• Engage with brokers and clients to effectively resolve claims
• Liaise with follow and co-lead markets, including organizing, hosting, or attending market meetings as necessary
• Instruct and manage external legal counsel and experts to assist in coverage determinations, quantum assessments, or the resolution of disputes
• Process and manage monthly claims bordereaux
• Review the adequacy of loss funds and support the Claims Operations team with recovery of prior year loss funds
• Ensure consistent, timely, and accurate reserving practices are applied in line with the company's Reserving Philosophy
• Escalate large or complex claims within the Claims Department as needed and prepare Executive Claims Summaries when appropriate
• Report relevant claims in a timely manner to the Outwards Reinsurance team and assist with reinsurer recoveries where applicable
• Perform any ad hoc tasks as required by management