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- Tasks: Support the product team in developing and negotiating insurance products.
- Company: Join Berkshire Hathaway Specialty Insurance, a leader in the insurance industry.
- Benefits: Competitive salary, growth opportunities, and a dynamic work environment.
- Why this job: Make a real impact in a non-bureaucratic organisation focused on excellence.
- Qualifications: Qualified solicitor with 5+ years of insurance experience and strong communication skills.
- Other info: Collaborate with global teams and enjoy a supportive culture.
The predicted salary is between 36000 - 60000 £ 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. 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
Product Counsel, Casualty and Property 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, Casualty and Property
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Berkshire Hathaway Specialty Insurance. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Property and Casualty lines. Show us you know your stuff and can talk the talk when it comes to insurance wordings and regulations.
✨Tip Number 3
Don’t just wait for job postings; be proactive! Check our website regularly and apply directly. We love seeing candidates who are eager and take the initiative.
✨Tip Number 4
Follow up after interviews with a thank-you note. It’s a simple gesture that shows your enthusiasm and keeps you fresh in our minds. Plus, it’s just good manners!
We think you need these skills to ace Product Counsel, Casualty and Property
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 in insurance wordings and any relevant legal knowledge that aligns with what we're looking for at BHSI.
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills in drafting, negotiating, and amending policy wordings can benefit our team. We want to see how you can contribute to our dynamic environment!
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point.
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 and ensures you’re considered for this exciting opportunity with BHSI!
How to prepare for a job interview at Berkshire Hathaway Specialty Insurance
✨Know Your Stuff
Make sure you brush up on your knowledge of Property and Casualty lines. Understand the key insurance products and be ready to discuss how you've handled policy wordings and underwriting queries in the past.
✨Showcase Your Legal Expertise
Be prepared to talk about your experience with legal and regulatory changes, especially in relation to insurance documentation. Highlight any specific instances where you've had to amend policies or lead negotiations.
✨Communicate Effectively
Since this role involves collaboration with various teams, practice articulating your thoughts clearly. Think about examples where you've maintained strong relationships with stakeholders and how you’ve communicated complex legal concepts to non-legal colleagues.
✨Demonstrate Your Project Management Skills
This position requires excellent organisational skills. Be ready to discuss how you prioritise tasks and manage multiple projects simultaneously, especially when responding to demands for legal support from underwriters.
