CL Product Management - Specialty Product Manager (Remote/Hybrid)

The Hanover Insurance Group; Chicago (IL); Hybride; USD 120 000 - 160 000; Plein temps

Avantages offerts par ce poste

Medical benefits

401K match

Tuition reimbursement

PTO and holidays

Flexible work arrangements

Cultural Awareness Day (IDE)

Résumé du poste

The Hanover Insurance Group is seeking a Specialty Product Manager to join our Commercial Lines Product Management team, focused on Management Liability including D&O, EPL, Fiduciary, Cyber, Crime, and Kidnap & Ransom. This role supports strategic product development, regulatory compliance, and market analysis, across a collaborative, cross-functional environment.

Ideal candidates bring 3–5 years in specialty insurance with strong leadership, policy language, and underwriting strategy

Qualifications

• 3–5 years of specialty insurance experience with product knowledge.
• Strong understanding of policy wording, forms drafting, coverages and regulatory environment.
• Excellent communication and leadership skills.

Responsabilités

• Lead development, design and maintenance of proprietary Management Liability coverage forms for admitted and non-admitted use.
• Monitor regulatory and judicial environments to ensure compliance in writing states.
• Conduct market research and competitive analysis for the assigned product and line of business.
• Collaborate with Specialty Underwriting to establish professional/executive lines strategies and goals.
• Develop filing strategies and respond to State Department of Insurance objections as needed.
• Mentor and collaborate with Product Analysts.

Connaissances

Specialty insurance

Product management

Leadership

Regulatory compliance

Description du poste

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.

At Hanover, we believe exceptional talent thrives when empowered with flexibility, collaboration, and purpose. We are seeking an experienced Specialty Product Manager to join our Commercial Lines Product Management team in either a hybrid work arrangement or a fully remote capacity anywhere in the United States.

This is an exciting opportunity for a product professional with strong Management Liability and Specialty Insurance expertise to help shape innovative, market-leading insurance solutions. In this role, you'll lead the development and evolution of products including Directors & Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability, Cyber, Crime, and Kidnap & Ransom, while partnering across Product, Underwriting, Claims, Legal, Compliance, Actuarial, and Technology to drive profitable growth and deliver exceptional customer outcomes.

The ideal candidate brings deep knowledge of Management Liability coverages, policy language, forms drafting, product development, and regulatory compliance, along with the ability to translate market insights and emerging risks into competitive product strategies. We're looking for a strategic thinker, strong collaborator, and influential leader who embodies Hanover's CARE values through integrity, teamwork, accountability, and a commitment to excellence.

THIS IS A FULL-TIME, EXEMPT ROLE.

POSITION OVERVIEW

Our Commercial Lines Product Management Organization is seeking a Specialty Product Manager who will provide leadership, support, guidance, and expertise to facilitate the development, maintenance, and implementation of Professional and Executive Lines (PEL) products. This Product Manager role will specialize in Management Liability, with a focus on Directors and Officers liability, Employment Practices liability, Fiduciary liability, Cyber, Crime, and Kidnap and Ransom. The Product Manager supports the strategic operations as well as the overall profitability, growth and retention of their assigned product line by delivering industry leading and market competitive product offerings.

This role supports key strategic functions pertaining to the assigned line of business, including strategic product development and support, market research and analysis, and product maintenance, delivery, and regulatory compliance. The Product Manager will work collaboratively with others on matters related to product, underwriting and compliance, including but not limited to: Specialty Underwriting, Claims, Legal, Actuarial, IT and Compliance.

IN THIS ROLE, YOU WILL

• Lead the development, design and maintenance of proprietary Management Liability coverage forms and associated rules for both admitted and non-admitted use. This includes drafting new forms and revising existing forms to meet unique underwriting needs and an evolving legal environment.
• Monitor and analyze regulatory and judicial environments to remain compliant in writing states.
• Conduct, monitor, and interpret market research and competitive analysis for the assigned product and line of business.
• Work collaboratively with Specialty Underwriting to establish and support professional and executive lines strategies and goals.
• Develop filing strategies and manage and respond to State Department of Insurance objections and inquiries as necessary.
• Mentor and collaborate closely with Product Analysts.

WHAT YOU NEED TO APPLY

• 3-5 years of Specialty insurance experience with working knowledge and experience in product; or any combination of education and experience, which would provide an equivalent background.
• Demonstrated and thorough understanding of specialty insurance products, policy wording, forms drafting, coverages, and regulatory environment.
• Advanced leadership skills, innovation skills, initiating skills, organization, and time management skills.
• Excellent oral and technical writing communication skills as well as attention to detail.
• Advanced ability to comprehend and communicate intent of product strategies, underwriting strategies and inter-relationships with coverage.
• Strong ability to influence strategic decisions that support corporate goals.
• Superior interpersonal skills which align with Hanover’s CARE values.

CAREER DEVELOPMENT

It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.

BENEFITS

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.

Benefits include:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)

EEO statement

The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law."

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:[e-mail] and include the link of the job posting in which you are interested.

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Compensation

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.