At a Glance
- Tasks: Support product development and advise on insurance wordings in a collaborative environment.
- Company: Join Berkshire Hathaway Specialty Insurance, a leader in the insurance industry.
- Benefits: Competitive salary, growth opportunities, and a dynamic work culture.
- Other info: Embrace a non-bureaucratic culture focused on 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 communication skills.
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)
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Ace the Informational Interview
Set up informal chats with professionals in your field. This isn’t a job interview, but a chance to learn more about their experiences and insights. We can use these conversations to showcase our enthusiasm and knowledge, which might just lead to job opportunities down the line!
✨Show Off Your Skills
Create a portfolio or a personal website to highlight your work and achievements. We want to make it easy for potential employers to see what we can bring to the table. Plus, it’s a great way to demonstrate our expertise in property and casualty insurance!
✨Apply Through Our Website
Don’t forget to check out our careers page and apply directly through our website. It shows initiative and gives us a better chance of being noticed by the hiring team. Let’s make sure we’re putting our best foot forward!
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 you’re serious about joining our team. Plus, it makes the whole 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 your knowledge of property and casualty insurance products. Familiarise yourself with the latest legal and regulatory changes that could impact the role. This will not only show your expertise but also demonstrate your commitment to staying updated in the field.
✨Showcase Your Communication Skills
As a Product Counsel, you'll need to communicate effectively with various stakeholders. Prepare examples of how you've successfully navigated complex discussions or negotiations in the past. This will highlight your ability to build strong working relationships, which is crucial for this role.
✨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 policy wordings or managing external counsel. Practising your responses will help you articulate your thought process clearly during the interview.
✨Demonstrate Your Team Spirit
BHSI values teamwork, so be ready to discuss how you've collaborated with others in previous roles. Share instances where you delivered training or coaching to colleagues, as this aligns with the responsibilities of the position and shows your willingness to contribute to team success.