ARIAS (UK)

CORNICK, Philip James

Member since:March 2006
Address:Kent, England
Telephone:+44 (0) 1233 622536
Mobile:+44 (0) 7887 724462
Email:
Nationality:British

Education

St. Ignatius’ College, London

Positions Held

  • Head of Claims, Marine, Energy and Aviation – Brit Insurance, 2005-2006
  • Head of Claims – Brit Syndicates Limited, 2003-2005
  • Claims Manager – Wren/Brit Syndicate 735 A.F. Jackson/A. Shone, 1990-2002
  • Deputy Claims Manager, Wren Syndicate 735, A.F. Jackson, 1983-1989
  • Assistant Underwriter/Claims Adjuster, Syndicate 735, A.F. Jackson, 1979-1982
  • Underwriting and Claims Assistant – Syndicate 697, P.R. St. Quintin, 1974-1979
  • Underwriting Assistant – Syndicate 483, J.R.K. Beckett, 1971-1974

Present Position

Principal – Philip Cornick Ltd. – Insurance and Reinsurance Consultant

Professional Associations

  • British Maritime Law Association Insurance Committee, 2003 to date
  • Advisory Board, International Marine Claims Conference, 2004 to date
  • Panel Member of ARIAS (UK)
  • Joint Excess of Loss Committee, 1997-2006
  • Joint Marine Claims Committee, 2005-2006 (Co-Founder & Chairman)
  • LMA Marine Committee, 2002-2006
  • LMA Marine Claims Committee, 1995-2006 (Chairman 2002-2004)
  • Lloyd’s Market Claims Group, 2003-2006

Experience

Extensive experience gained during 35 years of claims and underwriting in the Lloyd’s and London markets in all classes of direct insurance, specialising in marine hull and in reinsurance, both excess of loss and proportional treaties. Claims management role included responsibility for reserving and RITC. Significant involvement in market and industry committees. Substantial experience in drafting/redrafting wordings, clauses and binding authorities. Currently engaged in audit, portfolio and peer reviews and dispute resolution. Appointed as expert witness in a number of cases.

Other Activities

Dispute Resolution

  • Expert Witnessing

Claims Management

  • Coverholder Audits
  • Reinsured Inspections
  • Peer Review
  • Open and Closed File Reviews
  • Portfolio Reviews – Non-Moving Claims, TBA Reserves
  • Regulatory Compliance – Minimum Standards, Quality Control, Internal Audit Procedures

General

  • Clauses, Policy Wordings, Proposal and Claim Forms – Drafting, Review, Revision and Proof Reading – Content, Consistency and Accuracy

Foreign Languages

None.

ARIAS (UK) • © 2017 All Rights Reserved • Development and hosting by Dynamic Array Ltd