Assumed Reinsurance Complex Claims Analyst

Assumed Reinsurance Complex Claims Analyst

United States – East Coast Preferred

Remote

Full-Time

We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd’s, Europe and North America.

Our AVP, Technical Claims Manager - Assumed is looking for an experienced Assumed Reinsurance Complex Claims Analyst to handle mid to large complex assumed claims across various disciplines and territories in line with company claims handling guidelines.

• Proactively handle allocated claims to a high standard, including overall assessment of losses and reserves, and negotiation with counterparties to achieve timely settlements
• Manage mid to large complex and disputed claims
• Identify and report new trends or changes in the behavior of claims portfolio
• Act as main contact and account manager of all assumed claims made by assigned cedent
• Review and conduct analysis of reinsurance contracts. Evaluate coverage and all issues presented in claim cession, prepare claim inquiries, position letters and settlement agreements with minimal oversight
• Conduct on-site and/or virtual claim audits of ceding companies
• Identify and deliver opportunities for claims savings
• Provide technical assistance in the due diligence process for new acquisitions, including the assessment of claims-related risks and opportunities
• Understand new accounts upon acquisition, deliver against opportunities identified in due diligence
• Manage arbitration/litigation and testify on behalf of the company as a witness in arbitration/litigation activity when required
• Provide training and technical support to less experienced team members
• Master the review and analysis of complex treaty programs and facultative certificates, complex coverage and contract issues and an understanding of underlying claims

• Minimum of 5-7 years of handling complex assumed claims and coverage experience preferred.
• Experience with either asbestos, pollution and/or abuse claims would be highly desirable.
• Four-year college degree required or equivalent work experience.
• High level of claims handling technical experience and knowledge, providing consistently high-quality claims handling.
• Knowledge of key terms and conditions in contracts / policies and general knowledge of key legal positions in relevant jurisdictions.
• Effective verbal and written communication skills
• Understanding of data analysis and trends.

Organizational
• Embodiment of Compre’s Values and demonstration of Compre’s Commitment.
• Ability to develop good working relationships with both internal and external stakeholders.
• Consistently acts as a role model to other members of the team.
• Coordination and collaboration with colleagues in other departments within Compre.
• Progressive and a flexible, open-minded approach to change.
• Upholds confidentiality in relevant situations in respect to policy and role.

Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying:

• Flex First
o Empowering employees to thrive in any location. Our innovative Flex First approach enables employees to perform to their full potential, regardless of their location, while fostering a sense of community through regular events and collaboration.

• Benefits
o Competitive salary and bonus eligible
o Medical, EAP, dental, & vision insurance for individuals and families
o 401k with Company Match
o Company Off-Site Meetings
o Remote Worker Expenses
o Health and Wellbeing Programs
o Employee Referral Program

• Personal Development
o Advancing your professional development through ongoing learning opportunities.

• Time Off
o Generous vacation and holiday schedule with STD & LTD coverage

Compre is an insurance & reinsurance legacy specialist focused on the acquisition and management of discontinued non-life portfolios, With Operations in Bermuda, Finland, Germany, Malta, Switzerland and the UK. We have significant experience in all classes of direct and reinsurance business, including property, liability, marine and motor. Compre is privately owned with shareholders actively involved in management of the business.