Sompo International
Senior Claims Counsel, CML (R1915)
Sompo International, Chicago, Illinois, United States, 60290
We are seeking a
Senior Claims Counsel, CML
to join our
Insurance Claims . This role will manage claims arising from or involving policies issued from Sompo’s
US Commercial Management Liability (“CML”)
and
Financial Institutions (“FI”)
teams. This position handles US CML and FI (D&O) high exposure claims and provides legal review and policy drafting support to Underwriting. The successful candidate will be able to provide insight and analysis on complex high profile/high exposure US CML and FI claims.Duties and Responsibilities:Handle US CML and FI claims and related systems and processesEvaluate exposures and make substantive claim decisions for US CML and FI claims and as needed on other lines of businessProven ability to provide coverage, liability, and damages analysis for complex D&O claims, including public and private D&O, Fiduciary Liability, and FidelityAbility to proactively identify trends and exposures that may affect the CML and FI portfoliosSupport underwriting with legal review and policy draftingEnsure timely and accurate reporting of exposure to underwriting and management.Ensure appropriate narrative and arithmetic reports are timely prepared and disseminatedAs part of the Global Claims Team, contribute to the success of the team by working closely with colleagues worldwide on various projects as directed by management and other members of the Executive Team. This may include attending various industry conferences, possibly as a speaker/presenter, publishing on current claim trends and issues, and assisting other offices on complex claims.Communicate with and support underwriting and other functional groups within the organizationOther duties as required by managementSome travel as requiredMinimum Qualifications:Law degree requiredMinimum of 3-7 years’ experience required in D&O claims handling or related litigation with a career history of increasing responsibilityPreference will be given if experience was at both a law firm and with an insurance carrierStrong preference for candidates who have pursued or are in the process of pursuing an insurance-related designation e.g. RPLU or CPCUDirect handling of complex high profile/high exposure D&O and related claims with an emphasis on evaluating, handling, negotiating, and settling complex matters with exposures in excess of $10MMeaningful legal review experience and policy drafting experienceDemonstrated ability to establish close working relationships with other departments including underwriting & actuarialStrong negotiating, analytical, written and organizational skills with relevant mediation experienceExcellent marketing and communication skillsStrong computer skills (MS Word, Excel, Outlook and various in-house claims systems –Guidewire, Genius, ImageRight is a plus)Salary Range:
$100,000 – $175,000
- Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/VJob Type: Full-timePay: $100,000.00 - $175,000.00 per yearBenefits:401(k)401(k) matchingDental insuranceHealth insuranceLife insurancePaid time offVision insuranceSchedule:8 hour shiftMonday to FridayWork Location: In person
#J-18808-Ljbffr
Senior Claims Counsel, CML
to join our
Insurance Claims . This role will manage claims arising from or involving policies issued from Sompo’s
US Commercial Management Liability (“CML”)
and
Financial Institutions (“FI”)
teams. This position handles US CML and FI (D&O) high exposure claims and provides legal review and policy drafting support to Underwriting. The successful candidate will be able to provide insight and analysis on complex high profile/high exposure US CML and FI claims.Duties and Responsibilities:Handle US CML and FI claims and related systems and processesEvaluate exposures and make substantive claim decisions for US CML and FI claims and as needed on other lines of businessProven ability to provide coverage, liability, and damages analysis for complex D&O claims, including public and private D&O, Fiduciary Liability, and FidelityAbility to proactively identify trends and exposures that may affect the CML and FI portfoliosSupport underwriting with legal review and policy draftingEnsure timely and accurate reporting of exposure to underwriting and management.Ensure appropriate narrative and arithmetic reports are timely prepared and disseminatedAs part of the Global Claims Team, contribute to the success of the team by working closely with colleagues worldwide on various projects as directed by management and other members of the Executive Team. This may include attending various industry conferences, possibly as a speaker/presenter, publishing on current claim trends and issues, and assisting other offices on complex claims.Communicate with and support underwriting and other functional groups within the organizationOther duties as required by managementSome travel as requiredMinimum Qualifications:Law degree requiredMinimum of 3-7 years’ experience required in D&O claims handling or related litigation with a career history of increasing responsibilityPreference will be given if experience was at both a law firm and with an insurance carrierStrong preference for candidates who have pursued or are in the process of pursuing an insurance-related designation e.g. RPLU or CPCUDirect handling of complex high profile/high exposure D&O and related claims with an emphasis on evaluating, handling, negotiating, and settling complex matters with exposures in excess of $10MMeaningful legal review experience and policy drafting experienceDemonstrated ability to establish close working relationships with other departments including underwriting & actuarialStrong negotiating, analytical, written and organizational skills with relevant mediation experienceExcellent marketing and communication skillsStrong computer skills (MS Word, Excel, Outlook and various in-house claims systems –Guidewire, Genius, ImageRight is a plus)Salary Range:
$100,000 – $175,000
- Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/VJob Type: Full-timePay: $100,000.00 - $175,000.00 per yearBenefits:401(k)401(k) matchingDental insuranceHealth insuranceLife insurancePaid time offVision insuranceSchedule:8 hour shiftMonday to FridayWork Location: In person
#J-18808-Ljbffr