Claims Counsel, CML, Public Companies
Sompo · New York, NY · 1 wk ago
On-siteLegal$125k–$175k/yrFull-time
This role will manage claims arising from or involving policies issued from Sompo’s US Commercial Management Liability (“CML”) Public Company team, handling US CML Public Company (D&O, Fiduciary Liability and Fidelity) claims and providing legal review and support to Underwriting.
Location: New York, NY; Garden City, NY; Purchase, NY; Morristown, NJ; Los Angeles, CA or Miami, FL.
Responsibilities
- Manage U.S. CML Public Company claims, including related systems and processes
- Evaluate exposures and make substantive claim decisions (and support other lines as needed)
- Provide coverage, liability, and damages analysis for Public D&O, Fiduciary Liability, and Fidelity claims
- Proactively identify claim trends and emerging exposures affecting CML portfolios
- Ensure timely, accurate exposure and claim reporting (narrative and financial) to underwriting and management
- Collaborate with global claims colleagues and internal stakeholders; support projects, conferences/publishing, complex claims, and travel/other duties as needed
Requirements
- JD (law degree) required; recent graduates considered with relevant experience
- Preferred 1–5 years in D&O claims handling or related litigation with increasing responsibility
- Preference for experience at both a law firm and an insurance carrier
- Pursuing/holding insurance designations (e.g., RPLU, CPCU) strongly preferred
- Proven complex D&O/related claims handling (evaluation, negotiation, settlement) plus meaningful legal review and mediation experience
- Strong cross-functional collaboration (underwriting/actuarial), communication/marketing, and analytical/writing/organizational skills
- Strong MS Office and claims systems experience (Guidewire/Genius/ImageRight a plus)
- Willingness to travel occasionally for business meetings, conferences, etc.
Pay
Salary Range: $125,000–$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.
Benefits
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits