Assumed Reinsurance Claims Analyst

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Description

Assumed Reinsurance Claims Analyst United States - East Coast Preferred Remote / Hybrid (within commuting distance to NH office) 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 Claims Analyst to handle complex assumed claims across various disciplines and territories in line with company claims handling guidelines.

Key Responsibilities

• Proactively handle allocated claims to a high standard, including overall assessment of losses and reserves, and negotiation with counterparties to achieve timely settlements
• Managing complex and disputed claims
• Identify and report new trends or changes in the behavior of a claims portfolio
• Act as main contact and account manager of all assumed claims made by assigned cedent
• Review and analysis of treaties and evaluate coverage and all issues presented and prepare claim inquiries.
• Conduct on-site and/or virtual claim audits of ceding companies
• Identify and deliver opportunities for claims savings
• Providing technical assistance for the due diligence process for new acquisitions, including the assessment of claims-related risks and opportunities
• Understanding new accounts upon acquisition, delivering against opportunities identified in due diligence
• Provide support for arbitration/litigation activity when required.
• Identify potential coverage and cession issues.

Candidate requirements

• Minimum of 5+ years of handling 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.
• Strong negotiation skills, with experience in negotiating complex issues with counterparties, resulting in successful settlements.
• 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.
• Coordination and collaboration with colleagues in other departments
• Progressive and a flexible, open-minded approach to change.
• Upholds confidentiality in relevant situations in respect to policy and role.

Benefits

Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience. As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team.

• Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation.

Why join us?At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre. 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 Excellent HSA plan with Compre funding Life Insurance 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

Generous vacation and holiday schedule with STD & LTD coverage

About Compre Group

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.