First Party Claims Specialist - London, United Kingdom - Everest Re Group, Ltd.

Everest Re Group, Ltd.

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Title:
First Party Claims Specialist

Company:
Everest Advisors (Uk), Ltd.

Job Category:
Claims

Job Description:

Everest Group, a NYSE listed S&P 500, is a leading global reinsurance and insurance provider, operating for nearly 50 years, now in over 15 countries.

Everest is a growth company with over $16 Billion of Gross Written Premium offering Property, Casualty and Specialty products.

We have extensive product and distribution capabilities backed by a strong balance sheet which is evident in our Financial Agency Ratings of:
A+ _A. M. Best_, A+ S_&P Global_ and A1 _Moody's Investor Service_.

We take pride in being known in the industry as nimble, entrepreneurial and responsive.

Our culture is innovative, we empower our employees to make business decisions within our risk framework at a local level.

Everest Insurance is looking for an experienced 1st Party Claims Specialist to join our Claims Team to help across a variety of business classes in a hybrid role.

Reporting to a Claims Manager, the individual will investigate, evaluate and resolve attritional and complex high-value 1st party claims across the globe, providing oversight and management to third party administrators (TPA's) adjusters, lawyers and other external experts, with a wide degree of latitude for independent judgment.

The individual will contribute across the organisation by providing input, advice and review to underwriters and actuaries, participate in onboarding and stewardship meetings with customers and influences operations.

Key Responsibilities include but not limited to:

Experienced analytical and claims adjusting skills
Experience of handling a variety of 1st Party claims such as Property, Cargo, Energy and other first party related claims
Strong knowledge of 1st Party coverage and endorsements
Ability to review and analyse coverage and prepare appropriate coverage position letters, and work collaboratively with underwriters to support policy construction and drafting, reporting claim trends, data analysis, and risk assessments
Ability to review, analyse, investigate and evaluate property damage exposures, estimates, including physical damage, business interruption, subrogation and recovery.
The management and direction of outside lawyers.
Ability to manage, direct and audit independent vendors (loss adjusters, TPAs, assistance companies)
Preparation of case summary reports related to matters of significant reserve activity, and effective communication to key stakeholders
Timely and appropriate setting of claim reserves
Development and execution of claim strategies as well as resolution strategies
Negotiation and resolution of claims, including the attendance at trials, mediations and settlement discussions
Participate in claim reviews, quarterly claims reserving meetings, claim audits and peer reviews, and stewardship meetings
Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate insights and trends to underwriters, insureds, and brokers
Effective communication and collaboration with internal stakeholders (Claims Leadership, Underwriters, Finance, Actuaries, Ceded Reinsurance), and externally with insureds, coinsurers, brokers, TPAs, reinsurers and vendors
Attend client meetings and industry functions to support retention and development of client business and broker relationships
Performing similar workrelated duties as assigned

Qualifications, Education & Experience:

Ability to evaluate coverage issues involving a wide variety of loss scenarios
Strong analytical and organizational skills
Excellent verbal and written communication skills
Strong negotiation and investigation skills
Ability to think strategically
Selfdirected and organized
Ability to influence others and resolve complex, disputed claims
Indepth knowledge of the litigation, arbitration, and trial process
Ability to identify and use relevant data and metrics to best manage claims
Collaborative mindset and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency
Ability and willingness to present to senior management and to others in other group settings
Knowledge of the insurance industry, claims process and legal and regulatory environment
ACII qualified, degree educated professional is preferrable
Experience with a global insurance organisation or working across multiple underwriting platforms, jurisdictions and markets
Good working understanding of London Market claims systems (ECF, IMR, Trax)
Some travel required
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unifie