It is an exciting time to be joining a growing delegated authority function and you will have the opportunity to support and influence Delegated Authority best practice and be part of a global team.
The successful candidate will have a background in the undertaking of Due Diligence and have proven onboarding experience of new Coverholders. Experience of TPA onboarding is advantageous as is experience in handling contracts of delegation and Line slips. Strong stakeholder management is required internally and externally.Job Description
Company Description
IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. The company has a strong financial position, with a financial strength rating of "A-" (Stable) from Standard and Poor's, and an "A" (Stable) rating from A.M. Best. IGI seeks to maintain profitability through prudent risk selection and a diversified business model.
Key Responsibilities
Undertaking Due Diligence on new Coverholders/TPA’s and following the onboarding policy framework
Assessing Due Diligence information and making recommendations
Identifying areas of concern in Due Diligence and all aspects of Delegated Authority risk and escalating accordingly
Supporting annual Due Diligence, annual compliance and contract renewals
Undertaking comprehensive written presentations to the Delegated Authority Committee
Maintaining all information in a secure, presentable fashion
Identify opportunities for improvement in respect of Due Diligence, Compliance and Onboarding in respect of emerging risks and regulation
Supporting various related additional ad hoc requests and be open to supporting the wider DA team and business when required
Adherence to the companies Delegated Authority framework at all times
Key Attributes & Professional Qualifications
A minimum of 3 - 5 years experience working in Delegated Authorities
Ideally Cert CII/Dip CII qualified
A commitment to continue your own professional development and meet CPD requirements.
Strong team player who is also able to work on own initiative
Excellent attention to detail in order to identify risks and maintain accurate and secure records.
Ability to work to deadlines, manage own priorities and perform well under pressure.
What We Do
Specialist commercial insurer and reinsurer, underwriting a diversified portfolio of specialty lines.
Since our inception in 2001, IGI has been committed to providing specialty lines insurance and reinsurance solutions to our clients’ complex risks. Our reputation is based on focused underwriting expertise, flexibility in responding to customer needs, and ensuring efficient and responsive claims handling, all underpinned by stable management and a strong balance sheet.
Domiciled in Bermuda as a limited liability company, with offices in London, Amman, Bermuda, Malta, Oslo, Dubai, Casablanca and Kuala Lumpur, IGI is listed on Nasdaq Capital Markets under the symbol “IGIC”.
We write a worldwide portfolio of Energy, Property, General Aviation, Construction & Engineering, Ports & Terminals, Marine Cargo, Political Violence, Financial Institutions, General Third-Party Liability (Casualty), Legal Expenses, Professional Indemnity, D&O, Surety, Marine Trades, Marine Liability, Contingency, and Reinsurance Treaty Business.
Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2023, we had net earnings of $118.2 million. Our holding company has assets in excess of $1,837.9 million, as at 31 December 2023
