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About the Role
Sompo has a unique opportunity for an AVP, Reinsurance Claims – Specialty in our SompoRe Claims team. The Assistant Vice President, Reinsurance Claims – Specialty is responsible for the handling, oversight, and administration of a portfolio of reinsurance claims, with a particular focus on Specialty reinsurance business. The role combines technical claims handling responsibilities across non-proportional Specialty lines of business, including Marine & Energy, Trade Credit & Surety, Aviation, and Engineering, together with oversight of the claims component of the proportional treaty process.
Responsibilities
- Manage Specialty reinsurance claims from notification to resolution across non-proportional and proportional treaty portfolios, ensuring timely, accurate handling in line with procedures, controls, authorities, and service standards.
- Assess complex claims matters, including coverage, liability, quantum, exposure, reserves, loss developments, aggregation issues, and sensitive or contentious matters, with appropriate investigation, documentation, and escalation.
- Provide technical and reserving analysis by interpreting policy and reinsurance contract terms, setting and reviewing reserves, and making recommendations on coverage, strategy, exposure, and claims developments.
- Support proportional treaty oversight by promoting consistent claims handling, acting as a key contact, improving processes, data quality, systems usage, reporting, and contributing to guidance, training, and documentation.
- Engage stakeholders and clients by building strong relationships with cedants, brokers, internal teams, experts, and counsel; attending claims meetings; and communicating clearly on strategy, developments, reserves, trends, and concerns.
- Support portfolio management and governance through trend analysis, reporting, underwriting feedback, audits, projects, control compliance, audit readiness, knowledge sharing, and awareness of market, legal, and jurisdictional developments.
Requirements
- Significant relevant claims experience, ideally gained in insurance or reinsurance claims handling, with demonstrable experience in complex reinsurance claims.
- Strong experience in Specialty reinsurance claims handling, particularly in non-proportional claims across one or more of the following lines of business: Marine & Energy, Trade Credit & Surety, Aviation, and Engineering.
- Good working knowledge of proportional treaty claims handling and processes.
- Strong understanding of insurance and reinsurance contract terms and conditions, including different reinsurance structures and their application to claims.
- Ability to assess coverage, liability, quantum, exposure, aggregation, and reserve adequacy using incomplete or evolving information.
- Strong analytical capability and sound judgment in reviewing claims data, technical documentation, and claim-related information.
- Commercial awareness and the ability to provide clear, balanced, and practical claims recommendations.
- Strong written and spoken English skills are essential.
- An additional European language, such as German, French, Spanish or Italian, would be a significant asset.
- Relevant professional qualifications, or progress towards them, would be advantageous but are not essential.
- Strong digital literacy and confidence using business software and new technologies; familiarity with claims platforms, data tools, and market systems would be advantageous.
- Good practical knowledge of applicable insurance regulatory and governance requirements would be beneficial.
Skills
- Claims Handling
- Reinsurance
- Specialty Reinsurance
- Non-proportional Claims
- Proportional Treaty Claims
- Marine & Energy
- Trade Credit & Surety
- Aviation
- Engineering
- Contract Interpretation
- Reserving
- Stakeholder Engagement
- Relationship Building
- Trend Analysis
- Reporting
- Underwriting Feedback
- Audits
- Project Management
- Control Compliance
- Knowledge Sharing
- Market Awareness
- Legal Awareness
- Jurisdictional Awareness
- Analytical Skills
- Judgment
- Commercial Awareness
- Written Communication
- Spoken Communication
- Digital Literacy
- Business Software Proficiency
- Claims Platforms
- Data Tools
- Market Systems
- Regulatory Requirements
- Governance Requirements
Location
- London
Work Type
- Onsite
Experience Level
- Assistant Vice President
Education Level
- Relevant professional qualifications (advantageous)
Benefits
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
About the Company
- At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.
Equal Opportunity
- Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.