Aon | Financial Services Group
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Fiduciary Liability / D&O
Jay is the Fiduciary Liability Practice Leader and Deputy D&O Practice Leader within the Financial Services Group at Aon. Jay is involved in the negotiation and placement of complex fiduciary liability and D&O programs, assists the Legal & Claims team in resolving complex claim disputes and monitors ERISA and securities litigation, settlements, statistics, and regulatory changes. He negotiates with leading insurance markets to develop standard Aon endorsements to the base policy forms. Jay also educates diverse internal and client audiences regarding trends in Fiduciary Liability and D&O legal and claims activity, as well as the parameters of fiduciary liability and D&O insurance coverage.
Prior to joining Aon, Jay was both in-house and outside legal counsel, including serving as an associate general counsel for a leading manufacturer of leading producer of organic chemicals, synthetic fibres, and pharmaceuticals. Jay was also responsible for civil trial and related work in the areas of product liability, commercial litigation, insurance coverage disputes, labor and employment in the Litigation Department of a global law firm.
Jay writes about evolving issues in fiduciary liability.
Fiduciary Liability Insurance – Current Trends and Emerging Issues for Public Companies
January 2024 - The frequency and severity of excessive fee litigation remained the top concern among fiduciary liability insurers in 2023.
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The Department of Labor Issues New Rules on ESG and Proxy Voting
March 2023 - On November 22, 2022, the U.S. Department of Labor (DOL) released its final rule in which the DOL: (i) clarifies the extent to which plan fiduciaries may consider Environmental, Social, and Governance (ESG) factors when selecting...
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