Arch

  • AVP, Product Development Attorney - Management Liability

    Entity Arch Insurance Group Inc (U.S.)
    Job Locations US-NJ-Jersey City | US-NY-New York
    Job ID
    2019-2915
    Business Segment
    Insurance
    # of Openings
    1
    Category
    Corporate Underwriting
  • The Position

    Mid-level attorney to work with Arch’s Enterprise Product Development team within Corporate Underwriting Services (CUS).

    Job Responsibilities

    • A Product Development attorney in Arch Insurance’s Enterprise Product Development group is responsible for drafting and reviewing insurance policy language that meets the company’s needs.
    • We are seeking a mid-level attorney to work in Arch Insurance’s Product Development team within Corporate Underwriting Services (CUS) to service Arch Insurance’s Executive Assurance division.
    • The Executive Assuance division of Arch Insurance has a team of underwriting professionals that specialize in providing Management Liability Insurance to a broad range of industries. These divisions are divided into specialty units: Large Commercial Group, Financial Institutions and Financial Servcies, Alternative Asset Proection, Growth and Middle Market, and Non-Profit.

    Required Skills/Experience

    • Review, draft and create insurance policies and related forms for Directors & Officers, Employment Practices Liability, Fiduciary Liability, Fidelity/Commercial Crime, Kidnap & Ransom, Professional Liability, and associated insurance products in the admitted and non-admitted marketplaces.
    • Communicate and collaborate with Underwriters, Managers, Claim Attorneys, and Compliance to ensure products remain competitive while protecting profitability.
    • Draft and/or facilitate responses to insurance department inquiries regarding form-related matters including the development of state amendatory and other form adjustments to meet department requests specific to the Arch business unit.
    • Interact with state Insurance and Financial related regulatory agencies as requested by Arch Compliance department in conjunction with the Arch business unit.
    • Help business unit identify and prioritize product development needs.
    • Remain apprised of and monitor U.S. case law, regulations, legal trends and emerging issues affecting insurance coverage

    Desired Skills/Experience

    • 7 - 10 years of commercial insurance contract drafting with strong understanding of D&O insurance coverages and marketplace.
    • Strong analytical skills and attention to detail.
    • Thorough understanding of insurance contract language and legal precedent.
    • Ability to manage projects from concept to fruition with minimal oversight.
    • Excellent time management and organizational skills.
    • Strong oral and written communication skills.
    • Ability to review and assess the impact of legal decisions and court cases on insurance contract language.

    Education

    • J.D.
    • Member of a state bar in good standing

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