Claims Underwriter, Property - FTC at Hamilton | City of London, England, GB | Rezi

Claims Underwriter, Property - FTC at Hamilton

Claims Underwriter, Property - FTC

Hamilton · City of London, England, GB

1 months ago

Claims Underwriter, Property - FTC

Hamilton · City of London, England, GB

a month ago
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About the Role

This role is responsible for claims handling of the Property and Inwards Reinsurance Claims portfolio, focusing on Property Binders and D&F books, while also supporting other business classes as needed.

Responsibilities

  • Adjust claims within the Claims Authority, adhering to Hamilton’s Claims Philosophy, Claims Protocols, and Lloyd’s Claims Principles.
  • Handle Property Binder claims and mentor junior Property Claims Underwriters.
  • Collaborate with Underwriting teams, providing regular updates and renewal information.
  • Resolve claims issues with brokers and clients.
  • Liaise with following and co-lead markets, including arranging and attending market meetings.
  • Instruct and manage lawyers and experts for coverage determination, quantum assessment, or dispute handling.
  • Act as the relationship manager and claims contact for DCAs within the Property Binders book.
  • Oversee outsourced review and processing of monthly financial bordereaux, triaging issues to relevant stakeholders.
  • Implement and adhere to the internal CAT plan.
  • Review loss fund adequacy and assist in the recovery of loss funds on prior years.
  • Apply Hamilton’s Reserving Philosophy for consistent, timely, and accurate claim reserving.
  • Escalate large or complex claims and complete Executive Claims Summaries.
  • Report claims to the Outwards Reinsurance Department and assist with recoveries from reinsurers.
  • Assist with the company's delegation of claims authority to Cover holders and Delegated Claims Administrators (DCAs), including maintaining control frameworks, updating SLAs, and ensuring MI submission and peer review.

Requirements

  • Experience in handling property binders and general property claims.
  • Experience with inwards reinsurance claims is ideal.
  • Strong IT skills, particularly in Excel.
  • Highly analytical and numerate with attention to detail.
  • Willingness to work in a responsive, collaborative, and efficient manner.

Skills

  • Claims Handling
  • Property Binders
  • Inwards Reinsurance Claims
  • Excel
  • Analytical Skills
  • Numerate
  • Attention to Detail
  • Collaboration
  • Communication

Location

  • London

Work Type

  • 12 month FTC

About the Company

  • Hamilton offers a vibrant, entrepreneurial, and collaborative workplace shaped by its values: Be Smart, Be Sensible, Be Open and Be More.
  • The company fosters an inclusive, supportive, and empowering culture that embraces individuality and values diverse perspectives.
  • Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks globally through its subsidiaries: Hamilton Global Specialty, Hamilton Select, and Hamilton Re.
  • Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US, and Dublin.
  • The company emphasizes collaboration, a passion for service and results, and meaningful work.