Product Counsel, Casualty and Property

Product Counsel, Casualty and Property

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the development of innovative insurance products and collaborate with a dynamic team.
  • Company: Join Berkshire Hathaway Specialty Insurance, a leader in the insurance industry.
  • Benefits: Competitive salary, growth opportunities, and a supportive work environment.
  • Why this job: Make a real impact in the insurance sector while working with top professionals.
  • Qualifications: Qualified solicitor with 5+ years in insurance wordings and coverage experience.
  • Other info: Embrace a non-bureaucratic culture that values individual excellence and teamwork.

The predicted salary is between 36000 - 60000 £ per year.

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized.

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a Product Counsel to join the European product advisory team based in London. This role will report to the Head of Underwriting, Europe, and assist the wider Product team in supporting BHSI teammates in Europe on a variety of Property and Casualty lines product wordings and underwriting queries. This role will also involve collaboration with global Legal, Risk, Compliance and Governance teammates and directly with the business.

Duties & Responsibilities:

  • Assisting Underwriters to develop new insurance products in Property and Casualty Lines
  • Draft, negotiate and amend policy wordings and related documentation (e.g. endorsements, quotation documents and IPID)
  • Amending insurance documentation in response to legal and regulatory change
  • Lead negotiations regarding wordings with business partners and brokers
  • Keep abreast of legal and regulatory developments and inform underwriters
  • Instruct external counsel as appropriate to provide advice on specialist topics
  • Deliver training and coaching to underwriters and claims colleagues to improve wordings
  • Respond to demands for legal support from underwriters and prioritise work in line with business objectives
  • Maintain strong relationships and regular communication with stakeholders including underwriters, brokers and service providers to ensure effective communications

Qualifications, Skills and Experience:

  • Qualified solicitor/legal executive in England and Wales with a minimum of 5 years’ insurance wordings/coverage experience
  • Technical insurance knowledge across one or more product lines including experience of international and multinational contracts
  • Knowledge of insurance regulatory and licensing considerations
  • General legal knowledge of topics such as GDPR and insurance distribution
  • Understanding of the London and European company markets and the Lloyd’s market
  • Proficiency with SharePoint, Excel and Word
  • Excellent communication, organisational, time management and project management skills
  • Fluent English. 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

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to hr.europe@bhspecialty.com

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.

Visit our website at www.bhspecialty.com

Product Counsel, Casualty and Property employer: Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance (BHSI) is an exceptional employer that fosters a values-based culture of respect, integrity, and collaboration, making it an ideal place for professionals seeking meaningful careers in the insurance sector. Located in London, BHSI offers competitive compensation, exciting growth opportunities, and a dynamic work environment that prioritises individual excellence within a supportive team framework. With a commitment to diversity and inclusion, employees are encouraged to bring their unique perspectives to the table, ensuring a rich and engaging workplace experience.
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Contact Detail:

Berkshire Hathaway Specialty Insurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Product Counsel, Casualty and Property

✨Tip Number 1

Network like a pro! Reach out to your connections in the insurance industry, especially those who work at BHSI or similar companies. A friendly chat can open doors and give you insider info on the role.

✨Tip Number 2

Prepare for the interview by brushing up on your knowledge of property and casualty lines. Be ready to discuss how your experience aligns with BHSI's values and the specific duties of the Product Counsel role.

✨Tip Number 3

Showcase your skills during the interview! Bring examples of your past work, especially any policy wordings or negotiations you've handled. This will demonstrate your expertise and how you can contribute to the team.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the BHSI team.

We think you need these skills to ace Product Counsel, Casualty and Property

Qualified solicitor/legal executive in England and Wales
Insurance wordings/coverage experience
Technical insurance knowledge
International and multinational contracts experience
Knowledge of insurance regulatory and licensing considerations
General legal knowledge (e.g. GDPR, insurance distribution)
Understanding of the London and European company markets
Proficiency with SharePoint, Excel and Word
Excellent communication skills
Organisational skills
Time management skills
Project management skills
Ability to draft, negotiate and amend policy wordings
Collaboration with stakeholders

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Product Counsel role. Highlight your experience in insurance wordings and any relevant legal qualifications. We want to see how your background aligns with what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why this role is perfect for you and how your skills can contribute to our team. Be genuine and let your passion for the insurance industry come through.

Showcase Your Communication Skills: As a Product Counsel, strong communication is key. Use clear and concise language in your application. We appreciate candidates who can articulate their thoughts effectively, so make every word count!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you're proactive and keen to join our team!

How to prepare for a job interview at Berkshire Hathaway Specialty Insurance

✨Know Your Stuff

Make sure you brush up on your technical insurance knowledge, especially around Property and Casualty lines. Familiarise yourself with the latest legal and regulatory developments that could impact the role, as this will show your commitment and expertise.

✨Showcase Your Communication Skills

Since this role involves a lot of collaboration with underwriters, brokers, and other stakeholders, be prepared to demonstrate your excellent communication skills. Think of examples where you've successfully navigated complex discussions or negotiations in the past.

✨Prepare for Scenario Questions

Expect questions that ask how you would handle specific situations, like drafting policy wordings or responding to regulatory changes. Prepare some scenarios from your previous experience that highlight your problem-solving abilities and adaptability.

✨Emphasise Teamwork and Values

BHSI values collaboration and integrity, so be ready to discuss how you work within a team and uphold these values. Share experiences where you contributed to a positive team culture or helped others succeed, aligning with their mission of building an inclusive environment.

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