Full-Time

Special Investigations Manager

Claims Fraud

Posted on 5/10/2026

Hiscox

Hiscox

1,001-5,000 employees

Specialized insurer for high-net-worth risks.

No salary listed

London, UK

Hybrid

Hybrid role; requires at least 2 days per week in the London office.

Category
Finance & Banking (1)
Requirements
  • An experienced London Market fraud professional with a proven track record of leading and developing Special Investigations Unit operations within complex commercial insurance environments.
  • Demonstrated ability to influence senior stakeholders across Claims, Legal, Compliance, and Underwriting to deliver effective, proportionate, and compliant fraud outcomes across high-value, multi-jurisdictional, and operationally complex claims portfolios.
Responsibilities
  • Lead and manage London Market SIU activity, ensuring timely, proportionate, and effective investigation of suspected fraudulent claims
  • Oversee SIU case triage, allocation, and prioritisation in line with fraud risk, claim value, and complexity
  • Maintain oversight of SIU workload, capacity, and investigation quality across internal teams and third‑party providers
  • Lead the identification and investigation of complex fraud typologies relevant to London Market business, including multi‑party, cross-border, and organised fraud risks
  • Develop and embed fraud indicators and investigative approaches aligned to London Market classes and claims profiles
  • Support the continuous improvement of fraud detection, referral, and investigation processes across Claims
  • Act as the senior SIU point of contact for London Market Claims, Legal, Compliance, Underwriting, and senior leadership
  • Build and maintain strong working relationships with external stakeholders including SIU vendors, law enforcement, regulators, market bodies, and industry counterparts
  • Ensure SIU activity complies with regulatory requirements, fraud legislation, data protection standards, and internal governance frameworks
  • Provide training and guidance to the London Market business units on fraud detection best practices.
  • Able to produce accurate, timely and relevant management reporting of the success of the counter fraud strategy.
Desired Qualifications
  • Proven experience leading or managing an SIU or fraud investigation function within insurance covering London Market or specialty commercial lines
  • Deep understanding of insurance fraud typologies, investigative techniques, and referral models relevant to complex and specialty risks
  • Experience overseeing high-value and complex claims investigations, including multi-party, cross-border, or organised fraud cases
  • Strong working knowledge of regulatory and legal frameworks relating to insurance fraud, data protection, and claims handling
  • Demonstrable experience managing third‑party SIU vendors, including performance oversight, quality assurance, and cost control
  • Ability to interpret and use fraud data, management information, and analytics to support investigation strategy and decision-making
  • Experience contributing to governance, audit, or regulatory reviews relating to fraud or claims controls
  • Background in delivering or supporting fraud awareness and training for claims handlers and business stakeholders
  • Professional fraud or investigation qualifications (e.g. Corporate Investigations Fraud Analyst)
  • Ability to effectively communicate with all stakeholders across the business
  • Able to take prioritise and take ownership of tasks
  • A team player who is also able to work independently to deliver in a fast-paced environment

Hiscox is a specialized insurer that focuses on high-net-worth individuals and complex, niche risks (including fine art, kidnapping, and other unconventional coverages). It underwrites and issues insurance policies through its global operations, built on Lloyd's heritage and expanded after re-domiciling to Bermuda to operate in 13 countries. Its products work by assessing and underwriting tailored insurance contracts for specific, often hard-to-place risks, with coverage and claims handling aligned to the insured’s needs. The company differentiates itself from competitors by concentrating on specialized, hard-to-place risks rather than mass-market insurance, maintaining independence, and leveraging deep underwriting expertise and a global footprint. Its goal is to grow as a focused, independent specialist insurer that serves ambitious clients worldwide and expands its geographic reach and capabilities.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

1901

Simplify Jobs

Simplify's Take

What believers are saying

  • Attracted $1B ILS capital in Q1 2026, growing AUM to $2.4B in catastrophe bonds.
  • Retail premiums rose 10.2% to £1.7B in Q1 2026, driven by 8% US and UK growth.
  • Acquires US insurtech Vouch and launches Cargo API on June 30, 2025 for digital underwriting.

What critics are saying

  • Softening cat reinsurance rates cut net premiums 5.6% in Q1 2026, eroding Hiscox Re margins.
  • Pen-Zurich-Hiscox partnership floods UK non-standard home capacity, slashing quirky property premiums.
  • Vouch acquisition triggers regulatory delays and integration failures within 3-6 months.

What makes Hiscox unique

  • Hiscox specializes in insuring complex risks like fine art and kidnapping since 1970s.
  • Roots in Lloyd's of London since 1901 enable underwriting non-standard marine and specialty lines.
  • Focuses on high-net-worth quirky UK homes via April 2026 Pen-Zurich partnership.

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Benefits

Flexible Work Hours

Hybrid Work Options

Company News

Yahoo Finance
Feb 25th, 2026
Hiscox posts record profit of $733M as retail segment drives growth with 7.5% customer increase

Hiscox reported record profitability for 2025, with group insurance contract written premiums rising 5.9% to $275 million year-on-year. The insurer's undiscounted combined ratio improved to 87.8%, its best in a decade, driving a record insurance service result of $614 million. Profit before tax reached a record $733 million, up 6.9%, whilst operating return on tangible equity stood at 20.9%. Investment results hit $443 million, supported by strong yields and higher assets under management. Retail premiums grew 6.3% in constant currency to over $2.6 billion, driven by 7.5% customer growth rather than pricing. The London Market returned to growth with premiums up 1.6%, maintaining its undiscounted combined ratio in the 80s for the sixth consecutive year. Management emphasised underwriting discipline and product innovation across the diversified portfolio.

Hiscox
Aug 14th, 2025
Hiscox appoints new Group Head of Technical Claims

London, UK (14 August 2025): Leading global specialist insurer, Hiscox, today announces the appointment of Matthew Budd to the newly created role of Group Head of Technical Claims.

Insurance Journal
Aug 6th, 2025
Hiscox Agrees to Acquire US Specialist Insurtech

As part of the transaction, Hiscox is acquiring Corix Insurance Services LLC and Vouch Insurance Company from Vouch Inc. subject to customary conditions and regulatory approvals.

Hiscox
Jun 30th, 2025
Hiscox launches Cargo API for small cargo and stock throughput risks

London, UK (30 June 2025): Leading global specialist insurer, Hiscox, has launched a new Cargo API (application programming interface) based solution, available through broker partners for underwriting small cargo and stock throughput risks.

Reinsurance News
Jun 16th, 2025
Hiscox appoints Harriet Hanna as COO of Lloyd's managing agent HSL

Based in London and reporting to Hiscox London Market CEO Kate Markham, Hanna succeeds Adam Rushin, who is retiring after more than 25 years of distinguished service with Hiscox.