Description

JOB DESCRIPTION

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.

Requisition #: 29638

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