Property Reinsurance Claims Specialist – Facultative

Sompo; Morristown (NJ); On-site; USD 100,000 - 130,000; Full time

Job summary

Sompo is seeking a Reinsurance Property Facultative Claims Specialist in the NA Reinsurance Claims team. The role focuses on handling property facultative and treaty claims, assessing loss exposures, and maintaining meticulous claim documentation.

You will collaborate with brokers, cedants, underwriters, and actuarial teams, providing clear updates on strategy, reserve changes, and developments. Travel may be required to support business needs.

Qualifications

• 3–10 years’ relevant claims experience in insurance or reinsurance.
• Experience in property reinsurance claims handling is preferred but not required.
• Strong understanding of insurance and reinsurance contract terms and conditions.
• Ability to assess liability, damages, exposure and reserve adequacy.
• Analytical and detail-oriented with sound judgment on claims data.

Responsibilities

• Handle assigned property facultative and treaty reinsurance claims from first notification through resolution.
• Assess loss exposures and interpret policy and reinsurance contract coverage.
• Manage a portfolio primarily of property; support other lines when needed.
• Monitor loss developments and escalate significant issues.
• Maintain complete claim file documentation and diary management.
• Support analysis of loss trends and claims development for management and colleagues.

Skills

Property claims handling

Reinsurance knowledge

Loss reserving

Contract interpretation

Analytical skills

Stakeholder management

Education

Juris Doctor status preferred

Tools

Claims platforms

Market systems

Job description

Sompo is seeking a Reinsurance Property Facultative Claims Specialist in the NA Reinsurance Claims team. The role focuses on handling property facultative and treaty claims, assessing loss exposures, and maintaining meticulous claim documentation.

You will collaborate with brokers, cedants, underwriters, and actuarial teams, providing clear updates on strategy, reserve changes, and developments. Travel may be required to support business needs.