Bruin
Facultative Reinsurance Claims Broker
london, United Kingdom
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Ref: 37865
We are supporting our client, a Lloyd’s London specialist independent broker, on their search for a Reinsurance Claims Broker to join the business in their Facultative Reinsurance Claims Team in their amazing London offices on a full-time, flexible hybrid basis.
You will be utilising your experience in Facultative Reinsurance Claims to cover matters across a variety of areas. As a reinsurance claims broker you will be responsible for overseeing and completing production of new claim files to a defined standard. Reviewing claims received and providing feedback to brokers where required.
In this role, you will be primarily responsible for producing claims information and presenting reinsurers, either written format such as CLASS. Additionally, you will be dealing with instructions, queries and enquiries.
Some of your day-to-day responsibilities will include, but are not limited to:
The right candidate for this role will have an understanding of the Lloyd’s markets, as this is necessary to successfully process and manage the Claims-related elements of the role. They must be at least Cert qualified or working towards. At Least be educated to an undergraduate degree level. Most importantly have experience handling reinsurance excess of loss claims.
- On receipt of claim notification, identify risk, review details in conjunction with coverage/wording afforded, acknowledge to client/intermediary, prepare claims file accurately and promptly and maintain in-house and external computerised claims records.
- Monitoring reinsurers’ agreement and payment of funds and ensuring that payment is made to the appropriate beneficiary in good time.
- Providing regular feedback to Claims Manager on portfolio of claims, status and market conditions and their possible implications.
- Attending internal / client meetings as appropriate
- Ensuring compliance with FCA Guidelines and Group rules and procedures, including maintaining accurate records
Bruin recognises the positive value of diversity, and aims to promote equality and challenge unfair discrimination. As a champion of equal opportunity employment we welcome applications from all suitably qualified persons – men and women, people of all ages, sexual orientations, nationalities, religions and beliefs. We particularly encourage applications from women, disabled, and Black, Asian and minority ethnic candidates as these groups are underrepresented throughout the financial services industry. Our clients work with us because they value a diverse workforce, and subscribe to our shared principle that all appointments are made on merit and that ability to perform the job will be the primary consideration.