Michael  Somma, Cpcu, Arm, Are

Michael Somma, Cpcu, Arm, Are Email and Phone Number

Vice President-Claim Executive @ GenStar Insurance Services, LLC
Michael Somma, Cpcu, Arm, Are's Location
Stamford, Connecticut, United States, United States
Michael Somma, Cpcu, Arm, Are's Contact Details

Michael Somma, Cpcu, Arm, Are work email

Michael Somma, Cpcu, Arm, Are personal email

Michael Somma, Cpcu, Arm, Are phone numbers

About Michael Somma, Cpcu, Arm, Are

As an Experienced Claims Professional, I have earned a wealth of extensive and in-depth industry experience. My background has ensured that I am well versed in managing high-level claims, analyzing contracts and documentation, improving procedures and reporting processing, and directing optimal claims-related stakeholder communication. Additionally, I have niche expertise in all aspects of facilitating negotiations. I work with defense counsel and third-party administrators to successfully settle litigated claims via mediation, and I strive to add value and streamline processes at each stage of the claims management life cycle.

Michael Somma, Cpcu, Arm, Are's Current Company Details
GenStar Insurance Services, LLC

Genstar Insurance Services, Llc

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Vice President-Claim Executive
Michael Somma, Cpcu, Arm, Are Work Experience Details
  • Genstar Insurance Services, Llc
    Vice President-Claim Executive
    Genstar Insurance Services, Llc Dec 2023 - Present
    Stamford, Connecticut, Us
  • Axis (Axis Capital)
    Senior Claims Specialist
    Axis (Axis Capital) Jan 2023 - Dec 2023
    Pembroke, Hm, Bm
  • Berkley Public Entity (A Berkley Company)
    Claims Director
    Berkley Public Entity (A Berkley Company) Sep 2018 - Jan 2023
    Ewing, New Jersey, Us
    • Optimized a number of claims and cases, providing exceptional primary, reinsurance, and excess claims handling for public entities, including school districts, correctional facilities, joint insurance funds, and government risk pools.• Drove success by leveraging knowledge and expertise in Employment Practice, General Liability, Sex Abuse, Law Enforcement, Automobile, and Professional Liability claims and related communication and workflows.• Generated support for complex litigated claims via ensuring meticulous documentation and reporting.• Attended several successful mediations resulting in total savings over $50M.• Fostered collaborations and executive communication with an array of stakeholders, including brokers, TPAs, and insureds to direct, manage, and streamline claims and processes within and above self-insured retentions.
  • Partnerre
    Independent Consultant
    Partnerre Apr 2018 - Jun 2018
    Stadtkreis 5 Industriequartier, Zurich, Ch
    Assisted the Claims Department on a temporary assignment; Handled Treaty Reinsurance Claims in Property, Medical Malpractice, Auto and Workers Compensation as a consultant on behalf of Partner Reinsurance Company of the U.S.
  • Odysseyre
    Senior Claims Specialist, Assistant Vice President
    Odysseyre 2004 - 2018
    Stamford, Ct, Us
    • Standardized processes related to treaty reinsurance and facultative claims management in the Professional and General Liability, Products, Commercial Auto, Directors & Officers, and Medical Malpractice Insurance arenas.• Augmented efficiency through conducting precise and accurate claims audits for ceding companies on behalf of actuaries, senior claims managers, and underwriters to assist in evaluations of potential and current business.• Enhanced documentation processes by preparing audit reports to provide high-level departmental feedback and producing loss reports to effectively advise C-level executives of large claim payments and reserve changes.• Streamlined payment processes through providing status reports to retrocessionaires, directing responses to queries in order to garner payment, and identifying potentially problematic claims issues for immediate address.• Bolstered communication via interacting with underwriting to provide input on current and potential business; conducted preliminary audits of potential ceding companies; assisted in the training of new underwriters.
  • General Star Management Co.
    Senior Claims Specialist, Assistant Vice President
    General Star Management Co. 1999 - 2004
    Stamford, Connecticut, Us
    • Catalyzed operational support and improvement across claims department while directing excess and primary Professional and General Liability, Products, and Construction claims to ensure across-the-board excellence.• Directed supplementary and complementary business operations to provide big-picture oversight, including attending mediations, conducting claim audits, and directing counsel in multi-jurisdictional claims defense.
  • Nationwide
    Senior Claims Examiner
    Nationwide 1996 - 1999
    Us
    Investigated, evaluated and resolved General Liability, Construction, New York Labor Law, Premises Liability and Commercial Auto claims. Conducted field investigations. Managed defense counsel throughout the litigation process and attended trials, mediations and settlement conferences. Prepared coverage letters and claim summary reports.
  • Aig
    Claim Account Manager, Construction Risk Management
    Aig 1994 - 1996
    New York, Ny, Us
    Managed the investigation, defense and settlement of NY Labor Law construction claims on an account specific basis. Prepared large loss claim notices. Attended trials, mediations and settlement conferences. Prepared coverage letters. Mitigated loss and expense exposures through the pursuit of third parties and co defendants.

Michael Somma, Cpcu, Arm, Are Skills

Claims Management Reinsurance Professional Liability Legal Liability Claim Casualty Insurance Property And Casualty Insurance Insurance Casualty Excess Liability General Insurance Directors And Officers Liability Litigation Management Commercial Insurance Brokers Liability Analysis Umbrella Insurance Insurance Law Auditing Mediation Commercial Lines Training

Michael Somma, Cpcu, Arm, Are Education Details

  • St. John'S University
    St. John'S University
    Insurance & Risk Management
  • Pace University
    Pace University
    General

Frequently Asked Questions about Michael Somma, Cpcu, Arm, Are

What company does Michael Somma, Cpcu, Arm, Are work for?

Michael Somma, Cpcu, Arm, Are works for Genstar Insurance Services, Llc

What is Michael Somma, Cpcu, Arm, Are's role at the current company?

Michael Somma, Cpcu, Arm, Are's current role is Vice President-Claim Executive.

What is Michael Somma, Cpcu, Arm, Are's email address?

Michael Somma, Cpcu, Arm, Are's email address is ms****@****hoo.com

What is Michael Somma, Cpcu, Arm, Are's direct phone number?

Michael Somma, Cpcu, Arm, Are's direct phone number is +191423*****

What schools did Michael Somma, Cpcu, Arm, Are attend?

Michael Somma, Cpcu, Arm, Are attended St. John's University, Pace University.

What are some of Michael Somma, Cpcu, Arm, Are's interests?

Michael Somma, Cpcu, Arm, Are has interest in Social Services, I Am Also A Musician.

What skills is Michael Somma, Cpcu, Arm, Are known for?

Michael Somma, Cpcu, Arm, Are has skills like Claims Management, Reinsurance, Professional Liability, Legal Liability, Claim, Casualty Insurance, Property And Casualty Insurance, Insurance, Casualty, Excess, Liability, General Insurance.

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