At a Glance
- Tasks: Support the development of innovative insurance products and engage with key stakeholders.
- Company: Join Berkshire Hathaway Specialty Insurance, a leader in the insurance industry.
- Benefits: Competitive salary, growth opportunities, and a dynamic work environment.
- Other info: Embrace a non-bureaucratic culture that values individual excellence and teamwork.
- Why this job: Make a real impact in the insurance sector while developing your legal expertise.
- Qualifications: Qualified solicitor with 5+ years in insurance wordings and strong technical knowledge.
The predicted salary is between 60000 - 80000 £ per year.
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a Product Counsel to join the European Product Advisory team, based in London or Dublin. This role reports to the Head of Underwriting, Europe, and supports BHSI teammates across Europe by advising on property and casualty insurance product wordings and underwriting queries. The position offers meaningful exposure to the business through close collaboration with global Legal, Risk, Compliance, and Governance teams, as well as direct engagement with underwriting and commercial stakeholders. With a strong emphasis on learning and development, this role provides a long-term growth opportunity to build and deepen technical expertise across a broad range of products, including accident & health, surety, and marine products.
Duties & Responsibilities:
- Assist underwriters in the development of new property and casualty insurance products.
- Draft, negotiate, and amend property and casualty policy wordings and related documentation (including endorsements, quotation documents, and IPIDs).
- Update insurance documentation in response to legal and regulatory changes.
- Lead wording negotiations with brokers and business partners.
- Monitor relevant legal and regulatory developments and proactively advise underwriters.
- Instruct and manage external counsel where specialist legal advice is required.
- Deliver training and coaching to underwriting and claims colleagues to enhance wording quality and consistency.
- Respond to requests for legal support from underwriters, prioritising workload in line with business objectives.
- Build and maintain strong working relationships with key stakeholders, including underwriters, brokers, and service providers, ensuring clear and effective communication.
Qualifications, Skills and Experience:
- Qualified solicitor/legal executive in England & Wales or Ireland, or senior claims executive, with a minimum of 5 years’ experience in insurance wordings/coverage, preferably within property.
- Strong technical insurance knowledge, including experience with international and multinational property insurance contracts.
- Solid understanding of insurance regulatory and licensing requirements within the UK, Ireland, and Europe.
- General legal knowledge of related areas such as GDPR and insurance distribution.
- Understanding of European insurance markets, including the London company market and Lloyd’s market.
- Proficiency in SharePoint, Excel, and Word.
- Excellent communication, organisational, time management, and project management skills.
- Fluent English: an additional European language is desirable but not essential.
BHSI Offers:
- A competitive package and exciting growth opportunities for career-oriented teammates.
- A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders.
- A purposely non-bureaucratic organisation that embraces simplicity over complexity and emphasises individual excellence in a team framework.
NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.
Product Counsel – Property & Casualty (London or Dublin) employer: Berkshire Hathaway Specialty Insurance
Contact Detail:
Berkshire Hathaway Specialty Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Counsel – Property & Casualty (London or Dublin)
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work in property and casualty. Use LinkedIn to connect and engage with them; you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss property and casualty insurance products confidently. We recommend practising common interview questions and scenarios related to underwriting and legal support.
✨Tip Number 3
Showcase your skills through real-life examples. When you're in an interview, share specific instances where you've successfully drafted policy wordings or navigated complex regulatory changes. This will help you stand out as a candidate who knows their stuff!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team at BHSI.
We think you need these skills to ace Product Counsel – Property & Casualty (London or Dublin)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Product Counsel role. Highlight your experience with property and casualty insurance, and don’t forget to mention any relevant legal knowledge you have. We want to see how your skills align with what we’re looking for!
Show Off Your Communication Skills: Since this role involves a lot of collaboration with various teams, it’s crucial to demonstrate your excellent communication abilities. Use clear and concise language in your application, and maybe even share examples of how you've effectively communicated complex legal concepts in the past.
Highlight Your Technical Expertise: We’re keen on candidates who have a strong grasp of insurance wordings and regulatory requirements. Make sure to showcase your technical knowledge in your application, especially if you’ve worked with international or multinational property insurance contracts before.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details directly, and it shows that you’re genuinely interested in joining our team at BHSI. Plus, it makes the process smoother for everyone involved!
How to prepare for a job interview at Berkshire Hathaway Specialty Insurance
✨Know Your Stuff
Make sure you brush up on property and casualty insurance products. Understand the key terms, recent regulatory changes, and how they impact policy wordings. This will show that you're not just interested in the role but also knowledgeable about the industry.
✨Showcase Your Communication Skills
Since this role involves liaising with underwriters, brokers, and other stakeholders, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated complex legal concepts in the past, as this will be crucial for the position.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific underwriting queries or legal challenges. Think through potential scenarios related to drafting and negotiating policy wordings, and be ready to discuss your approach and thought process.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. Ask insightful questions about their team dynamics and how they collaborate with other departments. This shows you're keen on teamwork and can fit into their culture.