Insurance Manager

Main Responsibilities

• Manage corporate insurance programs: maintain, improve and renew group and local policies (cargo, storage, charterer’s liability, civil liability, property, etc.); challenge renewals on premium, deductible and cover; administer required policies; consolidate Group insurance data.
• Optimize risk allocation: balance cover between external insurers and the captive, and identify opportunities to reduce premium or improve terms.
• Identify, evaluate and mitigate operational risks: analyse ongoing risks across entities and business lines; assess risks from new projects, contracts and acquisitions; promote loss prevention initiatives.
• Provide insurance expertise: advise business units on risk placement and policy design; draft and review insurance and risk clauses in commercial contracts; assist on credit/political risk as required.
• Manage claims: notify and follow up claims with brokers, insurers and surveyors; coordinate mitigation efforts; drive timely resolution and indemnity payments.
• Review service and competitiveness: obtain annual stewardship reports from brokers/insurers/surveyors; review commissions; run RFPs and tender servicing contracts.
• Train and raise awareness: educate staff on key insurance program features and claims processes; brief Group entities on program changes.
• Budgeting and reporting: estimate annual premiums with brokers, assess claim trends, develop loss prevention budgets, and produce regular risk and insurance reports.
• Market intelligence: monitor insurance market developments relevant to oil & gas and compile data on major industry losses and new products.
• Administrative duties: manage filing and processing of insurance documents and invoices and perform other duties as assigned.

Profile/Key Skills

• Bachelor’s degree or higher in insurance, risk management, finance or related field; professional insurance qualifications desirable.
• Minimum 7 years’ professional experience in insurance (broker or in-house), ideally with exposure to oil & gas or commodity trading sectors.
• Proven experience handling corporate insurance programs, renewals and claims.
• Knowledge of Lloyd’s and continental insurance markets; familiarity with captive insurance structures is a plus.
• Deep technical knowledge of insurance products, underwriting and market practice.
• Strong commercial acumen and ability to negotiate coverage, terms and commission structures.
• Excellent organization, stakeholder management and communication skills.
• Results oriented, reliable and able to work across multiple jurisdictions.
• Fluent English Required.