Vice President, Product Development

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🔥 2 minutes ago

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $175k - $250k / year

⏰ Full Time

🔴 Lead

👔 Vice President

👻 Ghost score 0%

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Brown & Brown Insurance

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1939

💸 Finance

🛡️ Insurance

Finance • Insurance

Brown & Brown Insurance is one of the largest independent insurance brokerages globally, providing a comprehensive range of risk management solutions. Established in 1939, the company offers personal and business insurance, employee benefits, and various national programs. Brown & Brown is committed to diversity, inclusion, and belonging, fostering a culture that values talent and experience. With over 500 locations, the company is well-positioned to meet the diverse needs of its clientele and is listed on the New York Stock Exchange under the ticker BRO. The firm's strategic focus on mergers and acquisitions highlights its disciplined growth strategy.

📋 Description

• Lead Bridge Specialty Group's product development strategy • Identify opportunities for new products, programs, facilities, and specialty insurance solutions • Review market trends, retailer and client needs, carrier appetite, and competitor activity • Maintain a clear pipeline of product and program opportunities • Recommend organizational investments supporting growth and profitability • Lead new products and programs from idea through launch • Collaborate with underwriting, carriers, operations, technology, finance, legal, compliance, and business leaders • Prepare business cases and launch plans • Establish product review, approval, testing, and launch processes • Review post-launch results and recommend improvements • Build relationships with carriers, MGAs, reinsurers, and program partners • Identify new capacity sources and market opportunities • Lead negotiations related to new products and programs • Share market and carrier information with business leaders • Set and track product performance measures with Finance and business leaders • Review product growth, profitability, usage, and market demand • Help producers, brokers, and retailers understand new products and capabilities • Promote successful products across Practice Groups, offices, and regions • Connect product development with digital and technology capabilities • Deliver prioritized product, program, and market opportunities • Provide product performance and financial reporting

🎯 Requirements

• Strong knowledge of wholesale and specialty insurance, underwriting, brokerage, and distribution • Experience developing and managing insurance products or programs • Ability to identify opportunities and turn them into clear business plans • Strong business and financial judgment • Ability to lead and influence across a decentralized organization • Strong carrier, market, and business relationships • Clear communication, sound decision-making, project leadership, and follow-through • Bachelor's degree or an equivalent combination of education and relevant experience • Significant leadership experience in wholesale insurance, specialty insurance, underwriting, brokerage, product development, program management, or a related field • Demonstrated success developing, launching, managing, or expanding insurance products or programs • Experience building carrier, underwriting, capacity, and distribution partnerships • Experience leading complex projects across several teams or business areas • Ability to travel as needed to meet with offices, carriers, retailers, and industry partners

🏖️ Benefits

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance • Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement • Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services • Paid Time Off • Holidays • Preferred Partner Discounts

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