About this role
Chubb is seeking a SVP, Casualty Product Development Leader to drive the strategic development, implementation and ongoing management of middle market-focused primary General Liability (GL) and Excess/Umbrella insurance products. This role is pivotal to advancing Commercial Insurance’s, CI, growth, profitability and compliance objectives and will report to the EVP, Commercial Insurance Casualty Line of Business Manager.
*The officer title, career band/level, and location for this position is flexible. Regular travel to Whitehouse Station, NJ is expected to facilitate collaboration and engagement with key stakeholders.
Key Responsibilities
The role of SVP, Casualty Product Development Leader entails working closely with Lines of Business and Industry Practices, General Counsel, Operations, Claims, Information Technology, Actuary and other internal stakeholders across CI to:
- Lead a product management team consisting of two individuals, overseeing the full spectrum of primary and excess casualty products.
- Take accountability for end-to end process of bringing new policy contracts, endorsements and other product offerings from concept to regulatory filing and market deployment.
- Participate in the development and execution of CI casualty growth, profitability, portfolio protection, and regulatory compliance strategies, ensuring products support underwriting intent and strategic goals.
- Lead system-support and regulatory filing of new products, ensuring alignment with business priorities, operational efficiency, and compliance requirements.
- Collaborate with Product Services and Actuary to develop class codes and rate filings and manage pricing dislocation analysis and implementation.
- Own and maintain applicable Policy Administration Systems (PAS) for various lines, including prioritization, testing, and budget management, with a focus on Excess Umbrella, Aviation, Public Entity, Complex and Construction (excluding Benchmarq and Customarq).
- Provide leadership over the maintenance and modernization of the existing product library, working with Legal to craft and update policy and endorsement language to meet Portfolio Management needs.
- Ensure system-support for underwriting guidance, including the use of contracts, forms and attachment rules.
- Own compliance for primary GL and Excess/Umbrella products, including responding to state regulatory inquires and objections.
- Review casualty manuscript endorsements to ensure they meet underwriting needs and intent.
- Monitor ISO activity and competitor trends and adapt product development strategy.
- Serve as the primary point of contact for broker panel Requests for Proposal, working closely with the Panel Management Team.
- Manage Conditional Renewal and Non-Renewal notice projects.
Other facts
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Chubb Life Hong Kong is the international life insurance division of Chubb, establishing its presence in Hong Kong since 1976. To meet the financial protection and wealth management needs of its broad range of customers, Chubb Life in Hong Kong (Chubb Life Insurance Hong Kong Limited) offers a range of life protection, savings, accident and health insurance solutions through agents and brokers. The company has been a recipient of various awards for marketing, product innovation and commitment in corporate social responsibility.
安達為全球領先的保險公司，業務遍及54個國家及地區。安達為不同行業的客戶提供商業及個人財產和責任保險、個人意外及醫療輔助保險、再保險及人壽保險等。公司的優越之處在於其多元化的產品及服務範圍、廣大的分銷能力、超卓的財務實力、出眾的理賠專業知識及營運業務遍佈全球各地。總公司安達有限公司於紐約證券交易所上市（紐約證券交易所：CB），為標準普爾500指數的成份公司。安達於蘇黎世、紐約、倫敦及其他地方設有行政辦公室，全球僱員人數約40,000名。
安達人壽是安達旗下負責國際人壽保險的分部。於亞洲，安達人壽的業務分佈在香港特別行政區、印尼、韓國、緬甸、台灣、泰國及越南等市場，並在中國設有合資企業。安達人壽自1976年踏足香港，並於2015年在香港特區開展環球財富管理業務。為滿足廣泛客戶的財務保障及財富管理需求，安達人壽香港（安達人壽保險有限公司）透過保險代理團隊及保險經紀提供一系列的人壽、儲蓄、意外和醫療保險方案。
What you'll do
- The SVP, Casualty Product Development Leader will lead a product management team to oversee the development and management of casualty insurance products. This includes ensuring compliance, managing product offerings, and collaborating with various internal stakeholders.
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