VP Product Development Counsel P&C Insurance

Our client are seeking a leading, Product Counsel to is to help translate program-based innovations into legal, defensible, and quantifiable coverage forms, endorsements, rules and rates targeted to our clients' needs.

As VP Product Development, you will support the companies underwriting teams by drafting and developing products to support our professional lines, financial institutions, casualty and excess casualty, ocean marine, and excess property business and other business verticals. You will work closely with underwriting leaders on coverage, policy language, related regulatory issues, and product innovation.

Responsibilities:

• Lead the product development process by working with underwriting, claims, and coverage teams to develop and draft new products, as well as improve existing products
• Review and provide legal advice in connection with developing and drafting new insurance products and improving existing products
• Advise on market standard offerings and opportunities for the companies underwriting teams.
• Advise on specific implications of potential business decisions and initiatives to enhance opportunities and reduce business risk.
• Promote a consistent approach to coverage, coverage philosophy, coverage guidelines, and best practices.
• Provide counsel and strategic advice to business units and internal clients on all insurance product and regulatory related matters.
• Research, develop, and maintain policy forms and endorsements needed to support new and existing products
• Monitor industry trends and changes in law impacting the relevant vertical markets.
• Liaise with regulatory and operations teams during the form filling process, lead response efforts to critiques and objections from regulators, and collaborate with underwriting, claims, and coverage teams as necessary to resolve any such issues.
• Collaborate with the reinsurance team, utilizing knowledge of the various products, to ensure that the company's interests are properly protected by our outwards reinsurance contract wording.
• Ensure successful implementation of key technical initiatives by consulting with executives and other company leaders and implementing plans to improve business effectiveness.
• Identify and analyze complex legal issues and make solution-oriented recommendations in resolving such issues.
  

Qualifications:

• 5 years of relevant product development leadership experience or experience working in a position that required exercise of leadership competencies. work in a leadership capacity
• Comprehensive knowledge of ISO and Proprietary Commercial Lines Property and Casualty coverage, forms, rates and rules
• Broad Commercial P&C industry knowledge and expertise
• Expertise in targeted competitor filing searches; high level of knowledge of resources and search methodologies to ensure successful and productive competitor analysis
• Experience with either legal/contract language interpretation desirable
• Strong communication and collaboration skills
• Superior language and writing skills, including ability to convey and structure complex material in a clear and readable format
• Intellectual curiosity and excellent analytical skills
• Strategic thinker with exceptional ability to identify innovative opportunities
• Strong command of management and professional lines products, including D&O, E&O, FI, Cyber, and their related lines of coverage.
• Highly organized, analytical, and detail-oriented
• Ability to manage multiple projects in a dynamic environment
• Strong interpersonal skills with a collaborative and energetic style are essential
• Desire to learn and gain exposure to new areas

If interested, please apply for a confidential conversation today!