Reinsurance Claims Analyst

Job Summary:

Responsible for the analysis investigation negotiation compromise and settlement of assumed reinsurance claims within granted authority level and also responsible for assigned claim reviews special reports and assisting with routine department administrative tasks as assigned. Also when assigned they are responsible for analysis reporting and billing claims to reinsurers of the company.

Responsibilities:

Analyze claim notices for proper attachment to reinsuring agreements and years of account.

Identify and evaluate notices for potential exposure to the companys financial interest. Prepare claim correspondence to brokers and ceding companies on questions of

Investigate follow-up and otherwise monitor the development of claims. Establish and authorize adequate reserve amounts based on evaluation of liability damages and other obligations set forth in the reinsuring agreements.

Negotiate settlements and compromise payments within specified authority with authorization and under supervision of VP Reinsurance Claims Set-up and authorize claim payments within specified authority.

Liaise with underwriters legal counsel and outside vendors on coverage liability damages and settlement issues when assigned.

Prepare claim and statistical reports on both ceded and assumed business when requested by SVP or VP Reinsurance Claims

Prepare and present case evaluations to claims underwriting and corporate management.

Coordinate strategies for resolving coverage disputes.

Assist in projects and reports as required.

When assigned to ceded reinsurance business create reporting and billing files for direct claims

Prepare and present reports and invoices to reinsurers of the company

Participate as requested in settlement and collection of disputed collections of ceded reinsurance balances from the companys reinsurers

Maintain the system for identifying billing and collecting outward reinsurance claims on all lines of direct business when assigned to the ceded reinsurance administration area

Perform claim reviews of assumed reinsurance accounts as requested remotely or on-site

Compensation:

The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below he listed range and determined by a number of considerations including but now limited to complexity location and scope of the role along with experience skills education training and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package which may also include annual incentive compensation rewards.

$70000 $80000

About Allied World:

Allied World Assurance Company Holdings Ltd through its subsidiaries is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients cedents and trading partners with thoughtful service and meaningful coverages since are a subsidiary ofFairfax FinancialHoldings Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Our generous benefits package includes Health Dental and Disability Insurance a company match 401k plan and Group Term Life World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability veteran status or any other characteristic protected by law. To learn more or follow us on Facebook LinkedIn Experience:

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