Claims Counsel, CML, Private Companies

Sompo Holdings, Inc.; New York (NY); On-site; USD 125,000 - 175,000; Full time

Benefits offered by this job

Medical plans

Dental benefits

Vision benefits

401(k) Retirement Savings Plan

Paid time off

Parental leave benefits

Job summary

Sompo Holdings, Inc. in the New York area is seeking a Claims Counsel, CML to manage U.S. CML Private Company claims (D&O, Fiduciary Liability, Fidelity) and provide legal review to Underwriting.

A JD is required, with 1–5 years of related experience; dual law firm and carrier background is preferred. Candidate should be open to travel and may pursue professional designations. The role emphasizes analysis of exposures, settlements, and reporting, with collaboration across global claims teams and

Qualifications

• JD required; recent graduates considered with relevant experience.
• 1–5 years in D&O claims handling or related litigation.
• Preference for experience at both a law firm and an insurance carrier.
• Pursuing/holding insurance designations (e.g., RPLU, CPCU) strongly preferred.
• Willingness to travel occasionally for business meetings.

Responsibilities

• Manage U.S. CML Private 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 D&O, Fiduciary Liability, and Fidelity claims.
• Proactively identify claim trends and emerging exposures affecting CML portfolios.
• Ensure timely, accurate exposure and claim reporting to underwriting and management.
• Collaborate with global claims colleagues and internal stakeholders; support projects and complex claims.

Skills

Cross-functional collaboration

Communication

Analytical thinking

Writing skills

Organizational skills

MS Office

Education

JD (law degree)

Tools

Guidewire

Genius

ImageRight

Job description

Job Description Are you looking for your next opportunity? Sompo has a unique opportunity for a Claims Counsel, CML in our Insurance Claims team. This role will manage claims arising from or involving policies issued from Sompo’s US Commercial Management Liability (“CML”) Private Company team. This position handles US CML Private Company (D&O, Fiduciary Liability and Fidelity) claims and provides legal review and support to Underwriting. The successful candidate will be able to provide insight and analysis on complex US CML Private Company claims.

Location: This position can be based out of our New York, NY; Garden City, NY; Purchase, NY; Morristown, NJ; Los Angeles, CA or Miami, FL office.

Our business, your impact, our opportunity:

What you’ll be doing:

• Manage U.S. CML Private 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 Private 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

What you’ll bring:

• 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.

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

As a global organization, we embrace diversity and champion equal opportunity.

Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.

If you need an accommodation for any part of the application process, please contact the recruiter in charge.

We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™. “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange. To learn more please follow us on LinkedIn or visit sompo-intl.com.