Assumed Reinsurance Complex Claims Analyst

Compre Group•Manchester, NH

6d•Remote

About The Position

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.

Requirements

Minimum of 5-7 years of handling complex assumed claims and coverage experience preferred.
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.
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.

Nice To Haves

Experience with either asbestos, pollution and/or abuse claims would be highly desirable.

Responsibilities

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