Litigation Counsel, Financial Products

AEGIS•Jersey City, NJ

6d•Hybrid

About The Position

AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for a Litigation Counsel responsible for overseeing an inventory of complex Professional Liability claims at the excess level. The candidate will effectively manage assigned claims and provide claims services and appropriate advice to AEGIS and its Members-Policyholders.

Requirements

Minimum 5 to 8 years of experience in insurance claims or related legal field
Experience with coverage analysis, litigation procedures, and management/negotiation of large and/or complex claims
Law degree from an ABA accredited school and admission to a state bar
Proficiency with Microsoft Office: Specifically Word, Excel, and PowerPoint
Ability to effectively present to varied audiences

Nice To Haves

Experience managing D&O, Fiduciary, EPL and/or Cyber claims a plus
Professional insurance designations a plus
Working knowledge of the energy industry a plus

Responsibilities

Management of Assigned Claims
Achieve timely and proper coverage analysis and verification, and effectively communicate AEGIS’ coverage positions on assigned claims
Achieve timely and accurate evaluation of liability and damages
Achieve timely and adequate establishment and adjustment of UNL and NUNL reserves reflecting AEGIS’ ultimate probable cost/exposure
Achieve timely and appropriate reporting to file, claims management and reinsurers, as needed
Provide advice, technical assistance and case management direction to insureds’ claim professionals and defense attorneys in the investigation, evaluation, negotiation, settlement and defense of claims and litigation, as appropriate
Conduct or participate in settlement negotiations in conjunction with insured’s personnel and counsel, when appropriate
Consult with Claims management and the Claims Review Committee, as required, in the evaluation and management of assigned claims
Assist in the development of policy and standards for the Claims Division
Foster and maintain good working relationships with insureds, counsel, brokers, and reinsurers
As requested, provide advice and guidance to AEGIS colleagues in the evaluation and management of claims, analysis of coverage issues and in the research and review of statutory and common law
Ensure the smooth operation of the department when the Claims management team is unavailable
Keep abreast of developments in the law and their applicability and impact on claims