This CV summarizes the professional experience and qualifications of Lee Peter Stevenson. He has over 20 years of experience in the insurance industry specializing in claims handling. His most recent role was as a Claims Advocate at Aon Benfield, where he handled a wide variety of claims and ensured timely communication and reporting to underwriters. He is seeking new employment opportunities that match his experience in claims broking, adjusting, and liaising between underwriters, clients, and third parties to resolve claims.
Protecting and Transferring Wealth With Captive Insuranceindmew
Potentially reduce business tax, personal tax, and inheritance tax using a captive insurance company. Family owned businesses can also increase asset protection and increase money passed to future generations.
Protecting and Transferring Wealth With Captive Insuranceindmew
Potentially reduce business tax, personal tax, and inheritance tax using a captive insurance company. Family owned businesses can also increase asset protection and increase money passed to future generations.
Will the BVI Approved Manager regime become, even for Cayman Islands investment funds, the preferred offshore option for establishing an Investment Manager?
Take a look at our banking team's transaction highlights of 2016 - proud to include the Insider East Midlands Dealmakers Awards ‘Deal of the Year’ where we acted for PCT Healthcare on its £80m acquisition of WR Evans’ Chemists.
Visit our website: https://www.brownejacobson.com/sectors-and-services/services/corporate-and-commercial/banking-and-finance
Public Offering of Securities Insurance (POSI)Graeme Cross
By raising capital from the public, a company is opening up potential liabilities which are closely scrutinised by regulators. Investors who base their investment decisions on a prospectus or a roadshow may claim the full value of their loss if the information supplied is proven wrong.
Take a look at our corporate finance team's transaction highlights of 2016 - proud to include the Insider East Midlands Dealmakers Awards ‘Deal of the Year’ where we acted for PCT Healthcare on its £80m acquisition of WR Evans’ Chemists.
Meet the team: https://www.slideshare.net/brownejacobson/browne-jacobsons-corporate-finance-team-201516
Will the BVI Approved Manager regime become, even for Cayman Islands investment funds, the preferred offshore option for establishing an Investment Manager?
Take a look at our banking team's transaction highlights of 2016 - proud to include the Insider East Midlands Dealmakers Awards ‘Deal of the Year’ where we acted for PCT Healthcare on its £80m acquisition of WR Evans’ Chemists.
Visit our website: https://www.brownejacobson.com/sectors-and-services/services/corporate-and-commercial/banking-and-finance
Public Offering of Securities Insurance (POSI)Graeme Cross
By raising capital from the public, a company is opening up potential liabilities which are closely scrutinised by regulators. Investors who base their investment decisions on a prospectus or a roadshow may claim the full value of their loss if the information supplied is proven wrong.
Take a look at our corporate finance team's transaction highlights of 2016 - proud to include the Insider East Midlands Dealmakers Awards ‘Deal of the Year’ where we acted for PCT Healthcare on its £80m acquisition of WR Evans’ Chemists.
Meet the team: https://www.slideshare.net/brownejacobson/browne-jacobsons-corporate-finance-team-201516
Purchase Order Finance (BUSINESS BORROWING BASICS 2018)Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/purchase-order-finance/
Purchase-order financing (P/O financing) is designed to extend credit to a company that needs cash quickly, to fill a customer order. A company may operate with such a small amount of working capital that it cannot afford to pay the for the cost of producing a customer’s order. P/O financing enables such company to not turn away business, by borrowing from a lender using the purchase order itself as collateral to support a loan. This webinar explains when P/O financing may make sense for a company; some of the more common terms and conditions of such financing; how to negotiate those terms; how it co-exists with other forms of financing and potential alternatives.
Part of the webinar series: Cross-Training for Business Lawyers 2021
Credit insurance, also called trade credit insurance or business credit insurance, is insurance for businesses for non-payment of commercial debt. It is generally offered by private insurance companies to businesses seeking insurance for non-payment due to a customer’s bankruptcy or other types of financial difficulties. It can be a critical information and hedging tool for businesses with income streams heavily dependent upon accounts receivable from customers with questionable credit worthiness or that may be facing an industry-based or regional-based financial downturn. The premium is generally based upon a financial review of the customers of the business. This webinar covers these and related topics.
The Financial Services Authority (FSA) issue Final Notices whenever they have disciplined or censured a firm or individual for whatever reason.
In November 2012 the FSA imposed a £10.5 million fine on Card Protection Plan Limited (CPP) for the mis-selling of insurance products.
Whilst the details are interesting and obviously relevant to the company’s either ignorance or arrogance, the end result was due to a failure of the FSA Principles, a list of 11 time forged values that firms, even today still breach fairly consistently, and always at their cost.
The Financial Services Authority (FSA) issue Final Notices whenever they have disciplined or censured a firm or individual for whatever reason.
The Principles are;
Integrity: A firm must conduct its business with integrity.
Skill, care and diligence: A firm must conduct its business with due skill, care and diligence.
Management and control: A firm must take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems.
Financial prudence: A firm must maintain adequate financial resources.
Market conduct: A firm must observe proper standards of market conduct.
Customers' interest: A firm must pay due regard to the interests of its customers and treat them fairly.
Communications with clients: A firm must pay due regard to the information needs of its clients, and communicate information to them in a way which is clear, fair and not misleading.
Conflicts of interest: A firm must manage conflicts of interest fairly, both between itself and its customers and between a customer and another client.
Customers: relationships of trust: A firm must take reasonable care to ensure the suitability of its advice and discretionary decisions for any customer who is entitled to rely upon its judgment.
Clients' assets: A firm must arrange adequate protection for clients' assets when it is responsible for them.
Relations with regulators: A firm must deal with its regulators in an open and cooperative way, and must disclose to the FSA appropriately anything relating to the firm of which the FSA would reasonably expect notice.
The cost of complying with the regulations may seem expensive
and some even see it as a lost cost,
however, if you fail to run your business compliantly due to ignorance, arrogance or some other reason be it personal, cultural or even political;
make sure you have plenty of spare cash in your savings account.
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/asset-based-lending/
Asset-based lending, or an asset-based loan (ABL) is made by a lender who underwrites the loan primarily by valuing the company’s assets, such as accounts receivable (A/R) and inventory. An ABL lender can be distinguished from a “cash flow” lender in that while a cash flow lender secures its loan against the borrower’s assets, as does an ABL lender, the cash flow lender underwrites the loan based on the cashflow and general credit-worthiness of the borrower. An ABL lender, in contrast, looks primarily to the ability to liquidate its collateral should it need to, to be repaid. Since ABL lenders are willing to provide loans to companies with weaker financial performance, they are able to provide financing to companies who are not eligible for a cash flow loan. ABL lenders typically charge higher interest rates than cash flow lenders as a result of greater risk of non-performance. This webinar explains ABLs, explores its pros and cons, and discusses the basics of negotiating one.
Defending Against Bankruptcy Avoidance Actions (Series: COMPLEX FINANCIAL LIT...Financial Poise
In the event of a bankruptcy, the debtor or trustee may opt to take legal action in order to recover money or property that was transferred by the debtor prior to going bankrupt. These actions, whereby such transfers are effectively reversed, are referred to as “avoidance actions.” In this webinar, the expert panel discusses the applicable provisions of the Bankruptcy Code, common avoidance actions, and key considerations when planning for and defending against these actions.
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/defending-against-bankruptcy-avoidance-actions-2/
1. CURRIULUM VITAE
PROFILE:
I have worked in the insurance industry predominately on the claims handling side and
have a wealth of experience dealing with international Losses both Marine and Non-
Marine. My recent position as a claims advocate was made redundant at Aon Benfield
and I’m currently available for immediate Employment.
I’m Cert CII qualified and have attended many seminars and courses in the past to keep
my knowledge up to speed.
I consider myself to be an outgoing confident individual, self-motivated and have an
enthusiast will to succeed.
I have dealt with claims in virtually every product line and have a thorough
understanding of Lloyds Policies, Binding Authorities, coverages and applicable
exclusions.
I have very good communication skills and very articulate when getting the best deal for
my Clients.
I have worked predominately on the claims broking side but would like to be considered
for other positions within the industry should they match my experience and profile.
Contact Details: Lee Peter Stevenson
9 Maple Tree Lane
Langdon Hills
Basildon
Essex
SS16 6SL Tel: 01268 545259 Mobile: 07810607171
NATIONALITY: British
INTERESTS: Fishing, Football, Photography, Koi Keeping, Gardening &
Running
Professional Qualifications: Cert CII
COP
CIP – Part completed
Lloyds introductory Test (Lloyds Sub Holder)
M&T – Vessel Familiarization Course – certified
FCA - Compliant
Employment Records
August 2007 – Present Time Aon Benfield
ROLE: Claims Advocate – Broking and Technical
2. Product Lines: FTC & MTC Home Owners
Commercial Property Casualty
Business interruption Cargo & Specie
Aviation Professional Liability
Dealing with a wide spectrum of claims from Cradle to Grave
Ensuring advices into the Lloyds and Company Markets (Via ECF) Paper file are
presented to Underwriters in a timely manner.
Prioritising and keeping a work in progress diary to ensure that any matters in litigation
are regularly reviewed and chased accordingly. Denials complaints Urgent Cash calls are
prioritised. Underwriters Queries are answered promptly.
Loss Funds – topping up Escrow funds via monthly Loss BDX submissions and ensuring
new agreed loss funds are collected at renewal of contract.
Ensure Monthly BDX are chased and submitted according to the terms of trade. Check
formats comply with the expected Lloyds standard and the monthly position matched that
of agreed individual claim files (ECF) paid for that particular month.
Close liaisons with Underwriters Cover holder and TPA’s
Claims meetings with ‘Underwriters ensure all schedules/ agreed, TPA’s Terms of trade
are understood and complied with according to the terms of the contract, preferably at the
outset of the contract and where any new business has been acquired.
Appoint Recovery agents to pursue Subrogation potentials
Uphold good communication and interpersonal skills and act professional at all times.
Be mindful of company compliance and behaviours and maintain company standards and
maintain KPI’s.
Report to my Line manager on a regular basis
Monthly Meetings
Production of reports
Loss Ratios
Profit Commissions
Reserve Positions
Held funds
Underwriters Queries
Accounts Queries
Insurance portal LPC and IMR – Experienced
ECF / Word/XL /power point certified Experienced
3. Dates July 2006 to Aug 2007
COMPANY: HBA LTD
ROLE: Claims Manager
DUTIES: Worked for the Lloyds Cover holder with settlement Authority to
adjust commercial motor – Trucks and Trailers
Clients from Ireland Italy North America
Handling and adjusting losses within Underwriters authority to be presented via monthly
BDX into Lloyds.
Maintaining accurate reserves to be presented to underwriters via Monthly BDX.
Appointment of Field adjusters, recovery agents.
Broking losses in the London Market over authority for Underwriters review and
consideration,
Calculation of Profit Commissions / Loss ratios for future risk rating
Ensure claims are handled and turned around promptly. Ensure risks within authority are
covered under the policy and where coverage has not been granted
– draft appropriate Denial Letter for underwriter’s approval before
sending to the assured
Ensure settlements are expedited promptly and mitigate any expenses or additional;
Storage fees that may accrue,
Where third parties are concerned – Appoint recovery agent to pursue on a contingency
bases dependent on the weight of success in recovery any funds.
FCA Compliant
XL/ WORD /OUTLOOK /Power point
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Dates: 1987 to 2006
COMPANY: Jardine Lloyd Thompson
4. POSITION: Marine/energy /construction/natural resources Claims Manager
DUTIES: Endorse and broke a wide spectrum of claims into the London
market
Hull and Machinery
LOH
Ship Owners Liabs
Charterers Liabs
Cargo
Construction CAR / Professional Liabs / employees liabs /
public Liabs.
Maintain Work in Progress Diary
Liase with underwriter’s clients and third parties – Dealing with all the technicalities and
all aspects of claims from cradle to Grave
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