ConsiliumRe targets LatAm expansion with Miami hub

ConsiliumRe the International Facultative division of Direct Insurance Group Plc, an international specialty Lloyd’s broker; has today announced its intentions to expand its operation into Miami, servicing the needs of the Latin American market.

The London based Reinsurance Broker has had significant traction in the region since its formation 18 months ago. Fernando Rojas Castillo, Head of International Facultative Reinsurance, will spearhead the US operation, based from its new Miami headquarters. Rojas Castillo’s remit will initially be to grow the team over the forthcoming months whilst also adding new product lines to the existing book.

‘Our Miami office will become the gateway to Latin America, and so makes sense that we not only build our presence within the region, but also offer other lines of business, that are becoming more relevant for Latin America,’ says David Bearman, CEO of Direct Insurance Group Plc ‘We already have a strong branch network in Latin America, extensive relationships with carriers and a global placement capability. Combined with our global knowledge and experience, the Miami expansion is the perfect hub to enable further growth with both existing and new clients; opening up many new potential opportunities for the future.”

Fernando joined ConsiliumRe in 2017, bringing with him an impressive set of credentials to underpin the Miami opening; with over 25 years’ experience in the Reinsurance market. Commenting on his new role Fernando says: ‘Miami, is the principal access point for Latin American business. We intend to produce business in all classes of insurance where there is Latin American appetite; using our proximity to the territory and the contacts and knowledge we have in the region.”

ConsiliumRe places Property, Casualty, Financial Risks, Energy & Marine (including Super Yachts), and Group Personal Accident (including crew PA) Facultative reinsurance business located worldwide.

For further information, please contact; fernando.rojasc@consiliumre.com or visit www.consiliumre.com

We’re recruiting for an Insurance Technician

Due to recent growth within the business we are currently recruiting for a new position. The position of Insurance Technician is a vital role within the business. Based from our head office in London you will have the following responsibilities and duties:

Reports to:Associate Director, Aura Underwriting

Location: 6th Floor, 34 Lime Street, London, EC3M 7AT

Hours: 8:30am to 5pm

Salary: Dependent on Experience

Holiday: 25 Days

Job Summary:

A unique and exciting opportunity has arisen within a market leading Caribbean Insurance Specialist. Aura Underwriting are a Lloyd’s Cover holder based within the City of London, currently looking for an Insurance Technician to join their skilled and ambitious team. This is principally an administrative role and its purpose is to provide assistance to the Associate Directors in order to manage their Caribbean book portfolio and ensuring high professional service delivery to agents and markets.

Key Responsibilities:

  • General administrative duties including scanning, filing, entering data onto relevant spreadsheets.
  • Preparing insurance documentation in accordance with instructions set out by the Associate Directors (Certificates, Endorsements, Quotes, Application Forms and Pictures).
  • Producing debit/credit notes and processing premiums on in-house system.
  • Preparing LPANS and submitting premium payments to markets through Xchanging.
  • Ad hoc management information tasks/projects.
  • Handling Xchanging and internal queries in respect of both Policy and Premium issues.
  • Maintain an electronic filing system.
  • Liaising with agents on minor matters and sending out policy documentation when requested by the Associate Directors.

Education and Qualifications
At least 5 A-C Grade GCSE’s including English, Maths and ICT.
Desirable: Insurance qualifications e.g. CII

Skills & abilities

  • Professionalism
  • Ability to manage own time, meet deadlines and prioritise work
  • Attention to detail, numerate and accurate
  • Able to communicate effectively with others
  • Organised and methodical approach to work and problem solving
  •  Strong demonstrable IT skills, including Microsoft Word, Excel and Outlook

Knowledge and Experience

  • Basic core insurance principles
  • Experience of working within a commercial environment, ideally within Insurance
  • Familiarity with Xchanging and TAM Broker Management System (Ideal)

Aptitude

  • Outcome focused, self-motivated, enthusiastic
  • Team worker with the ability to work on own initiative
  • Professional approach to relationships
  • Takes pride in the quality of their work and self-motivated
  • Confident attitude and keen learner who is not afraid to ask questions

Additional Information
Job can entail standard 5 days a week employment, but open to candidates who require part time working hours/days per week.

So if you’d like to work for an award winning company that offers training to all staff, personal development and real opportunity for growth then please send your CV to Kerry Johnson – recruitment@direct-ins.co.uk. We look forward to hearing from you.

NO AGENCIES

We’re recruiting for a Claims Manager

Due to recent growth within the business we are currently recruiting for a new position. The position of MGA Claims Manager is a vital role within the business. Based from our head office in London you will have the following responsibilities and duties:

Reports to: Chief Underwriting Officer

Location: 6th Floor, 34 Lime Street, London, EC3M 7AT

Hours: 8:30am to 5pm

Salary: Dependent on Experience

Holiday: 25 Days

Job Summary: The MGA Claims Manager is responsible for the overseeing all claims across the International ( including USA) Rokstone MGA operation including day to day management of the Claims bdx and assessing best estimates for the purpose of reserving ultimate exposure to major events.

Key Responsibilities:

  • Manage all claims incurred by Rokstone to ensure claims are being handled in accordance with our Claims Philosophy, Claims Guidelines and Lloyd’s Minimum Standards (where applicable) meeting the service levels set out therein to ensure exceptional experience;
  • Handle significant and complex claims to bring them to a timely and effective resolution and take technical referral of claims above authority from the claims team;
  • Identify events impacting our Rokstone book, work with underwriters and exposure management to ascertain potentially impacted policies and calculate best estimates for the purposes of reserving our exposure;
  • Lead our Major Event Response Committee and play key role in assessing best estimates for major event across all our classes;
  • Monitor (re)insurance and other press/publications for events and Market losses;
  • Liaise with underwriters and exposure modelling team to ascertain potentially impacted policies;
  • Analyse notifications, cedants’ updates and experts reports to assess likely FGU, calculate our exposure across its participations, reinstatement premiums and outward reinsurance (in conjunction with the Outward Reinsurance team), set gross and net best estimates;
  • Ensure the appropriateness of the methodologies, data and underlying models used as well as the assumptions made for arriving at best estimates and present these in a transparent and reasoned fashion to the Head of Claims, actuaries and the Claims and Reserving Committee;
  • Maintain strong relationships with other insurer/reinsurers, brokers, solicitors and adjusters to be able to obtain claims information on Market losses and events;
  • Report to Head of Claims, Senior Management, underwriters and actuaries on events impacting the inward reinsurance book, significant claims and material developments including the completion of major event reports and monthly report;
  • Work closely with the actuarial team in its quarterly reserving process providing input into the adequacy of IBNR provisions and ultimates and the reserve reports for the Claims and Reserving Committee and Underwriting Committee;
  • Ensure the highest quality of data for use by actuaries, underwriters, the exposure management and outward reinsurance teams;
  • Prepare reports for Rokstone Board on claims movements, performance metrics and control environment;
  • Liaise with the outward reinsurance team to be fully informed as to potential recoveries and able to assist the outward RI team with the provision of information to reinsurers;
  • Communicate with Lloyd’s as necessary regarding the reliability and accuracy of best estimates;
  • Analyse claims developments on events against best estimates and exposure analysis to feedback on to the Head of Claims, Senior Management and underwriters including share of market exposure and lessons learned;
  • Be the principal claims representative for the Rokstone book, attend internal underwriting meetings and provide feedback to the Head of Claims;
  • Responsible for designing claims reports;
  • Proactively and continually seeking to identify and implement improvements to streamline the inwards reinsurance claims processes, procedures and systems to drive efficiency whilst promoting best practice and reduce the level of manual or non-value added tasks undertaken by claims handlers;
  • Coordinate peer review process for claims and implement any enhancements to the claims adjusting process following any significant findings;
  • Liaise with auditors both internal and external to assist in audits;
  • Develop, implement and maintain control framework in satisfaction of requirements
  • Any other work as may be assigned by the Head of Claims. 

Skills & abilities: 

  • Exceptional technical expertise and analytical skills
  • Strong verbal and written communication skills
  • Ability to easily manipulate data with superior Microsoft Excel skills
  • Superior ability to solve problems and make decisions with limited direction/consultation
  • Ability to manage a team of internationally based people
  • Team player who can motivate people and drive change
  • Self-starter who is results orientated
  • Ability to anticipate problems/issues prior to their occurrence
  • Ability to develop excellent working relationships with a variety of internal and external stakeholders
  • Experience in reinsurance claims systems
  • Microsoft Word, Power Point, Outlook and ECF

Knowledge and Experience 

The job requires a thorough knowledge of:

  • Exceptional technical expertise and analytical skills
  • Strong verbal and written communication skills
  • Ability to easily manipulate data with superior Microsoft Excel skills
  • Superior ability to solve problems and make decisions with limited direction/consultation
  • Ability to manage a team of internationally based people
  • Team player who can motivate people and drive change
  • Self-starter who is results orientated
  • Ability to anticipate problems/issues prior to their occurrence
  • Ability to develop excellent working relationships with a variety of internal and external stakeholders
  • Experience in reinsurance claims systems
  • Microsoft Word, Power Point, Outlook and ECF

So if you’d like to work for an award winning company that offers training to all staff, personal development and real opportunity for growth then please send your CV to Kerry Johnson – recruitment@direct-ins.co.uk. We look forward to hearing from you.

NO AGENCIES

Send your Christmas RISKS & Open the door to your REWARD

Get ready for the festive season with Direct Insurance London Market!

Your RISKS can lead to fantastic REWARDS! Whether you’ve been naughty or nice throughout 2018, we will be providing you with the opportunity to win something very special every business day leading up to Christmas.

Here’s how to enter…
Every working day from Monday 3rd December until Friday 21st December, all new risks submitted to Direct Insurance London Market will be entered into a daily prize draw for a chance to win one of our fabulous prizes.Here’s what you’ll win…
Each day, we will randomly select a broker from all the new business risks sent in for that day and one lucky broker will win a bottle of fine wine. To spread some additional Christmas cheer at the end of the competition, we will make a final draw from all new business risks placed throughout December and the lucky winner will receive a fantastic Fortnum and Mason Hamper.

Good Luck!

Entries close on the 21st December 2018

T&C’s apply

 

Direct Insurance London Market Announce Business Expansion

Specialist schemes and Lloyd’s broker Direct Insurance London Market (DILM), announced today it has moved to a new location in the heart of the City of London.

DILM founder David Bearman says the company’s staff will benefit from a larger space not only due to DILM’s growing business but also because it is important to provide the right physical environment. “We are constantly striving to exceed the expectations of our clients, and based on what our clients are telling us, we have been able to do just that. But to continue to lead the way in our business in terms of creativity and innovation, we require a work space that will allow our people to collaborate most effectively.”

The new offices are located even closer to the internationally-renowned Lloyd’s building. You will now find the DILM team on the 6th floor of 34 Lime Street with space for over 100 staff. It was in this building where DILM started its journey just six years ago with a small rented office space housing just 4 staff.

DILM has a history of attracting and retaining top talent in the insurance industry and is now considered to be one of the leading Lloyd’s brokers in the UK. The company, which recently hit the £150m GWP milestone in 2018, is in the process of recruiting additional talent to meet growing market demand. There is now room to accommodate that growth within the new sixth floor office space.

After an outstanding year DILM is poised to grow even more in 2019. Recent announcements group wide include global appointments in the U.S.A via Rokstone Underwriting, the international speciality lines MGA, and the launch of a Commercial Combined scheme. The continued growth of the business is set to meet the demands and needs of brokers across the UK and Ireland.

For further information visit www.dilm.co.uk, get in touch via info@dilm.co.uk or call us on 0203 818 8060

Rokstone Underwriting extends footprint to North America

Rokstone Underwriting, an international specialty lines MGA and part of Direct Insurance Group, has announced plans to extend its footprint into North America.

Mike Pilla, founder and CEO of Technical Risk Underwriters, part of Ryan Specialty Group, will join Rokstone to head its US operations, Rokstone Underwriting North America.

“In our opinion, Mike is regarded as one of the best underwriters in his field today and has an impressive track record of building start-up MGAs into market-leading businesses,” said David Bearman, CEO of Direct Insurance Group. “Rokstone’s intention has always been to attract the industry’s very best talent and give them the platform and environment that they can truly thrive within. Mike joining Rokstone is a clear demonstration of that intent.”

“The addition of Mike to our already impressive lineup of underwriters will see Rokstone build a major North American platform,” said James Potter, Chief Underwriting Officer of Rokstone. “Mike’s track record is second to none, and is part of our plan to achieve £500 million (about US$651 million) of annual gross written premium within the next five years.”

Rokstone Underwriting also recently hired Les Rock, one of the Lloyd’s market’s best-known property D&F underwriters and founder of Heritage Syndicate 1200 (now Argo Syndicate) and Ironshore Bermuda.

First published Insurance Business Magazine – USA

Direct Insurance London Market hits £150m Gross Written Premium Milestone

Specialist schemes and Lloyd’s broker Direct Insurance London Market (DILM), has reached the milestone of hitting £150m gross written premium income.

A number of factors have contributed to the success of the team and strengthening partnerships with brokers has been key. Back in 2017 DILM expanded its regional footprint by opening a new office in the Cheshire area. This afforded brokers in the North and Scotland improved access to the Lloyd’s and London market.

The global opportunity has seen significant expansion across all four corners of the globe with business written in Australia, South America and the Far East. An office has just been opened in Miami and DILM’s specialist division Rokstone Underwriting has just invested in a U.S team which plans to achieve £500m GWP over the next 5 years.

The team at DILM are also renowned for successfully negotiating some of the UK’s leading niche schemes for industries that have traditionally been more difficult to place. This includes the latest addition to its portfolio, an exclusive Commercial Combined facility. Our specialist underwriting team recently launched ‘DILM Commercial Combined’, a comprehensive combined package designed to meet the requirements of businesses where traditional composite markets have limited appetite. The exclusive facility delivers market leading cover for over 300 different trades, including but not limited to: manufacturing, breweries, metalworkers & retail.

David Bearman, Chief Executive Officer commented:

“Our committed team provide an award winning service and have worked hard to successfully build effective relationships with brokers across the UK. Our broker partners continue to be very supportive and we’d like to thank them for their support.”

For further information visit www.dilm.co.uk, get in touch via info@dilm.co.uk or call us on 0203 818 8060

We’re Hiring!

Due to recent growth within the business we are currently recruiting for a new position. The position of Receptionist/Executive Assistant is a vital role within the business. Based from our head office in London you will have the following responsibilities and duties:

Reports to: Group Operations Director

Location: 6th Floor, 34 Lime Street, London, EC3M 7AT

Hours: 8am to 5pm

Salary: Dependent on Experience

Holiday: 25 Days

Job Summary: To serve as a coordination point for external clients visiting the building.  To deliver efficient and effective administration services which meet the business needs, meet and greet visitors, answer calls in a timely and professional manner. To follow general standards and procedures and various admin tasks required to support the Executive Committee. 

Key Responsibilities: 

  • Answer, screen and direct internal telephone and external calls or forward it as appropriate
  • Provide professional information to callers, visitors and staff
  • Provide administrative support to the Executive Committee
  • Register all arriving visitors following security policies and procedures
  • Make sure that guests meet their host’s
  • To report any faults in the meeting rooms or reception to the Facilities and Operations Manager
  • Organise and monitor couriers, tracking their progress and reporting as necessary
  • To ensure all amenities are tidy and ready for use
  • Dealing with the daily outgoing post
  • Distribute post to the relevant recipients
  • Carry out photocopying and scanning as required
  • Carry out any task deemed reasonable by the Executive Committee

Education and Qualifications:

At least 5 A-C Grade GCSE’s including English, Maths and ICT.

Desirable:  Insurance qualifications e.g. CII 

Skills & abilities:

  • Fast and accurate typing skills
  • Polite, tactful and diplomatic
  • Energy, confidence and enthusiasm
  • Able to communicate in a calm and professional manner

So if you’d like to work for an award winning company that offers training to all staff, personal development and real opportunity for growth then please send your CV to Kerry Johnson – recruitment@direct-ins.co.uk. We look forward to hearing from you.

NO AGENCIES

Direct Insurance London Market Appoints New Business Development Manager

Direct Insurance London Market (DILM), is a specialist Wholesale Broker. We are one of the UK’s fastest growing Lloyd’s brokers and have successfully negotiated some of the UK’s leading niche schemes for industries that have traditionally been more difficult to place.

To support continued growth we have recruited a new Business Development Manager, Shaun Woodhouse.  In his new role as part of the UK Business Development Team, Woodhouse will be responsible for managing and growing some existing client accounts. He will also develop new business and help grow Direct Insurance London Market’s market presence.

Commenting on his recent appointment, Woodhouse said, “I am looking forward to my new role and getting out into the market to get to know our existing broker partners better. I hope to give them the support they need as well as meeting potential new clients. In time, I would like to develop some key relationships and play a big part in the future growth of DILM.”

Woodhouse joins DILM from Auto Legal Protection Services (ALPS), leading provider of award winning motor claims solutions, legal expenses and quality additional products.

Head of Marketing & Development, Matt Field, said Woodhouse has a “keen eye for problem solving and a reputation for first class service delivery to clients.”

“This, alongside his personality and leadership skills, makes him a great addition to the Business Development Team.”

For further information visit www.dilm.co.uk, get in touch via info@dilm.co.uk or call us on 0203 818 8060

Exclusive Commercial Combined Facility

Direct Insurance London Market’s specialist underwriting team has launched ‘DILM Commercial Combined’, a comprehensive combined package designed to meet the requirements of businesses where traditional composite markets have limited appetite.

This exclusive facility delivers market leading cover for over 300 different trades, including but not limited to: manufacturing, breweries, metalworkers & retail.

Key Covers…

  • Material Damage (all risks)
  • Business Interruption (all risks inc Theft & Subsidence)
  • Specified Risks (away from the premises)
  • Money & Personal Injury
  • Goods in Transit
  • Computer Breakdown
  • Employers Liability
  • Public Liability & Product Liability
  • Loss of Licence
  • Personal Accident
  • Legal  Expenses
  • Theft by Employee
  • Equipment Breakdown

In addition to…

  • Flexible underwriting approach
  • A-rated capacity
  • Dedicated Account Executives
  • Award Winning Service
  • Quick quote turnaround
  • Over 300 trades considered

Minimum Premiums:

£2,500 +IPT

What can you expect from us?

  • Generous Commissions
  • First Come, First Served Quoting System

To request further information on this facility, please contact our regional Business Development Team on 0203 818 8060 or visit our website: www.dilm.co.uk