NY NJ Insurance Market Brief
New York's insurance industry manages $237 billion in premiums. New Jersey's carriers are on the move next door. Selective Insurance is relocating its headquarters to Short Hills, New Jersey in 2026, a 122,525-square-foot lease. Chubb, the world's largest publicly traded P&C insurer, and Prudential, one of the largest US life insurers, are both headquartered in New Jersey. Together, New York and New Jersey carry the deepest bench of underwriting, actuarial, and legal talent in the industry.
- 158K+ People employed by New York City's insurance industry $237B Premiums managed by NYC based insurance companies
- 122,525 sf Selective Insurance's new Short Hills, NJ headquarters lease, opening 2026
- 1,700+ Insurance companies based in New York City
Selective Insurance is leaving Branchville after decades for a new headquarters in Short Hills, the kind of move that touches every function from finance to claims. Chubb and Prudential anchor New Jersey's carrier base; New York carries the wholesale, MGA, and reinsurance intermediaries that support it. The corridor between them is one continuous insurance labor market. A headquarters move needs a controller who can close the books through a relocation and a general counsel who can manage the regulatory filings that come with it. New York and New Jersey's carriers are hiring for exactly that right now.
