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 handling Property Claims from the Property & Inwards Reinsurance portfolio, with a focus on Property Binders & D&F. This will be 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