Senior Claims Reinsurance Analyst

Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity. We’re an innovative organization that’s small enough to be agile and big enough to make a difference in our industry.  

Our flexible workplace is continuously evolving to ensure all employees feel: 

• Comfortable bringing their whole selves to work. 
• Confident that they will be treated respectfully. 
• Recognized for their performance and provided with equal opportunities to succeed. 

At Argo, skill meets opportunity. If you’re wired to raise your hand and ask, “Where can I help?”, you’ll thrive with us. 

A Brief Overview

The Senior Claims Reinsurance Analyst role will work on-site (or hybrid no less than three days per week on-site) at either our Chicago, New York City, or San Antonio office.  It reports to the Vice President of Reinsurance Claims who is in New York City.

This multifaceted reinsurance claims position involves both ceded and assumed reinsurance responsibilities, with an emphasis on third-party reinsurance reporting, billing, and collection activities for Argo’s US Property, Casualty, and Professional Liability claims.  The role is integrated with a larger team that specializes in handling complex, long-tail liability claims, including claims under assumed reinsurance contracts. Key responsibilities will include reinsurance contract coverage analysis; validation of reinsurance cession data; ensuring adherence to contract terms and best practices; in addition, provide support to the Ceded Reinsurance and Reinsurance Accounting team during the renewal process, reinsurance claims audits, special projects, and financial reporting.  The role requires strong attention to detail, good analytical and communication skills, demonstrate problem solving skills, with the ability to make sound decisions and recommendations in a timely and result oriented manner. 

How You Will Make an Impact:

• Review underlying claim matters and coverage files to determine if claims are reportable to reinsurers in accordance with reinsurance treaty contracts and facultative certificates to ensure timely reporting, billing, and collections.
• Work with Reinsurance Accounting to assist with the billing of reinsurance recoverables and cash calls (when needed).  In addition, provide guidance on the calculation of reinsurance recoverables, determine any cession corrections, and application of treaty clauses with regards to insuring coverage, and AAD’s, etc.
• Manage diary and work-flow tasks in a proactive manner, to ensure timeliness of communications to reinsurers, brokers, and other interested parties.
• Keep management informed of any questions, concerns, or potential issues regarding ceded claim issues.  Review applicable reinsurance case law, industry custom & practice, and sound judgment when evaluating complex contract issues, including prompt attention and escalation of disputes or other issues that may impact results.
• Support the Ceded Re treaty placement team with submission preparation by providing ground up loss runs and additional loss reports which appropriately aggregate risks or claims as provided for in each treaty.
• Assist other team members (as needed) with the handling of assumed reinsurance and/or direct claims, including, but not limited to legacy, run-off business.  Contribute to the analysis of any commutation efforts, including valuation, analysis, and negotiations with reinsurers, within defined authority limits.  Makes recommendations to management as needed.
• Monitor monthly and quarterly activity reports and recommend appropriate actions or steps to improve financial and operational performance.
• Assist with special ad-hoc claims projects, policy search efforts, and historical account/claim reviews (i.e., erosion of aggregate limits).
• Collaborate with reinsurance stakeholders on other process improvement opportunities to reinsurance workflow and systems.

What We Need:

• At least five years’ experience in reinsurance claims handling.  Experience managing direct claims may be considered.
• Bachelor's degree or four additional years of related reinsurance experience beyond the minimum experience required above may be substituted in lieu of a degree.  ARe, CPCU, designations are a plus.
• Technical expertise related to reinsurance contract interpretation and assessing claims subject to applicable reinsurance.
• Experience managing direct claims related to asbestos, environmental liability and other types of toxic tort and legacy claims is