Assistant Vice President, Product Development Attorney, Cyber & Professional Liability (REMOTE [...]

Arch Insurance Group Inc.; Chicago (IL); Hybrid; USD 133,000 - 207,000; Full time

Benefits offered by this job

Medical plans

Dental and vision coverage

401k with generous matching

PTO 20 days per year

Paid holidays

Parental Leave

Student Loan Assistance

Job summary

Arch Insurance Group Inc. is seeking a Product Development attorney to lead the design and enhancement of Cyber and Professional Liability products.

You will work with Underwriting, Claims, Compliance, and Actuarial teams to ensure products are competitive, compliant, and aligned with Arch's objectives, while the North America Product Development team guides these efforts. This role requires JD, state bar admission, 3–5 years in insurance product development or regulatory law, and willingness to

Qualifications

• Detailed technical knowledge of Cyber and professional liability products.
• Strong written and verbal communication, influencing, negotiating and interpersonal skills.
• Problem-solving, analytical and organizational capabilities.
• Ability to manage projects from concept to fruition with minimal oversight.
• Willing to travel 15–20% and work remotely within ET/Central time zones.

Responsibilities

• Drive design, development, and enhancement of Cyber and Professional Liability products and forms.
• Collaborate with Underwriting, Claims, Compliance, and Actuarial teams to ensure competitiveness and compliance.
• Provide legal oversight for form language and coverage analyses.
• Support regulatory filings, monitor market trends and regulatory changes.
• Engage with stakeholders and manage projects with minimal oversight.

Skills

Cyber products

Professional liability

Communication skills

Negotiation

Project management

Education

Juris Doctor (JD) and bar admission

3–5 years in insurance product development / regulatory law

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Position Overview

In this role, the Product Development attorney will drive the design, development, and enhancement of Cyber and Professional Liability insurance products and forms and collaborate with Underwriting, Claims, Compliance, and Actuarial teams, where necessary to ensure products are competitive, compliant and aligned with corporate objectives. This role is within the Arch Insurance North America Product Development team embedded in the Corporate Underwriting (CU) division.

Key Responsibilities

Product Support & Form Development

• Review, draft and create insurance coverage forms on Cyber and Professional Liability products.
• Provide legal oversight and subject matter expertise for drafting policy form language and preparing coverage analyses on such lines of business.
• Communicate and collaborate with Underwriters, Managers, Claims Professionals, Third-party business partners, and Compliance to ensure products remain competitive while protecting their profitability.
• Identify and implement best practices to ensure proper and consistent form development and compliance while meeting business goals.
• Leverage resources, technology, and processes to drive innovation within the form development process.

Regulatory, Market, and Stakeholder Collaboration

• Partner with Compliance to support forms filings by providing necessary materials, information, and forms-related guidance, ensuring efficient handoffs of final forms and supporting documentation for Compliance use.
• Engage, manage, and maintain relationships with key partners: Underwriting, Claims, Compliance, Actuarial, and other stakeholders to monitor and share knowledge on market trends, regulatory impacts, legal changes, and loss developments.

Qualifications

• Detailed technical knowledge of Cyber products (including first-party, third-party, and crime coverages) and professional liability products.
• Strong written and verbal communication, influencing, negotiating, listening, and interpersonal skills.
• Strong problem-solving, critical thinking, analytical, organizational, and time management skills; ability to analyze, organize, and present information clearly.
• Ability to participate in active strategic discussions and to work independently and in a team environment.
• Ability to manage projects from concept to fruition with minimal oversight.

Education And Experience

• Juris Doctor (JD); admitted to a state bar in good standing.
• Minimum 3 - 5 years of experience in insurance product development, underwriting, regulatory legal, or related fields.
• Willing and able to travel approximately 15-20%.
• This is a remote position, limited to East and Central time zones.

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$133,300 - $207,000/year

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

14400 Arch Insurance Group Inc.