Sr. Claims Counsel, Lawyers Professional Liability

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most : our people . At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.Job Description Are you looking for your next opportunity?Sompo has a unique opportunity for a Sr. Claims Counsel, Lawyers Professional Liability in our North America Insurance Claims team.Location : This position may be based out of our New York, NY, Purchase NY, Garden City NY, Morristown NJ, Los Angeles CA or Miami, FL office locations. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.Our business, your impact, our opportunity : What you’ll be doing : Handle a full case load of Professional Liability matters (mostly Lawyers Professional Liability claims)Review and analyze loss notices and claims-related documents.Examine applicable insurance policy and make coverage determinations. Make substantive claim decisions for Lawyers Professional Liability claims and as needed on other lines of business.Analyze potential liability and exposure presented by matters to allow for timely reserving. Ensure timely and accurate reporting of exposure to underwriting and management.Support underwriting with legal review and policy drafting.Attend industry conferences, possibly as a speaker / presenter and / or publishing on current claim trends and issues.What you’ll bring : Law degree requiredMinimum of 3 years’ experience required in Lawyers Professional Liability claims handling or related litigation with a career history of increasing responsibility. Preference will be given if experience was at both a law firm and with an insurance carrier.Strong preference for candidate who has pursued or is in the process of pursuing an insurance related designation e.g. RPLU or CPCU.Direct handling of complex high profile / high exposure Lawyers Professional Liability claims with an emphasis on evaluating, handling, negotiating and settling complex matters with high exposures.Meaningful legal review experience and policy drafting experience.Demonstrated ability to establish close working relationship with other departments including underwriting & actuarial.Salary Range : $110,000 – $185,000 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, 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.In today’s world, what do we stand for? Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.#J-18808-Ljbffr

Salary : $110,000 - $185,000