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.
If you're looking for an opportunity to influence product strategy, innovation, and business success while enjoying the flexibility of a remote or hybrid work environment, we'd love to hear from you.
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.