Senior Claims Counsel, EPL

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

We are seeking a Sr. Claims Counsel, EPL to join our Insurance Claims Team. This role will support the US Employment Practices Liability Claims (EPL) team.

This position handles Employment Practices Liability claims involving Commercial Management Liability and Financial Institutions Insureds 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 EPL claims.

Duties and Responsibilities:

• Handle US EPL claims and related systems and processes
• Evaluate exposures and make substantive claim decisions for US EPL claims and as needed on other lines of business
• Proven ability to provide coverage, liability, and damages analysis for Employment Practices Liability (EPL) and Fiduciary Liability claims, and a general knowledge of director and officer (D&O) liability claims
• Ability to proactively identify trends and exposures that may affect the CML or FI portfolio
• Support underwriting with legal review and policy drafting
• Ensure timely and accurate reporting of exposure to underwriting and management
• Ensure appropriate narrative and arithmetic reports are timely prepared and distributed
• As part of the Global Claims Team you will be expected to contribute to the success of the team by working closely with your colleagues worldwide on various projects as directed by the management and other members of 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
• You will be asked to communicate with and support underwriting and other functional groups within the organization
• Other duties as required by management
• Some travel as required

Minimum Qualifications:

• Law degree required
• Minimum of 5-10 years experience required in primarily EPL 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
• Exposure to or direct handling of complex high profile/high exposure management liability claims with an emphasis on evaluating, handling, negotiating and settling complex matters with exposures in excess of $10M
• Meaningful legal review experience and policy drafting experience
• Demonstrated ability to establish close working relationship with other departments including underwriting & actuarial
• Strong negotiating, analytical, written and organizational skills
• Excellent marketing and communication skills
• Strong 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. Below is a summary of our current comprehensive U.S. benefit programs:

• 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.

Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V