Product Counsel, Casualty and Property

Berkshire Hathaway Specialty Insurance; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance firm offers an exciting opportunity for a Product Counsel in London. This role involves assisting Underwriters in developing new insurance products, drafting and amending policy wordings, and providing legal support. Candidates should be qualified solicitors or legal executives with at least 5 years of experience in insurance, possessing strong communication and project management skills. The firm values a non-bureaucratic environment emphasizing individual excellence and career growth.

Benefits

Competitive package

Growth opportunities

Dynamic work environment

Qualifications

• Minimum of 5 years’ insurance wordings / coverage experience.
• Experience with international and multinational contracts.
• Knowledge of insurance regulatory and licensing considerations.

Responsibilities

• Assist Underwriters to develop new insurance products.
• Draft, negotiate and amend policy wordings.
• Deliver training to underwriters and claims colleagues.

Skills

Communication skills

Organisational skills

Project management skills

Technical insurance knowledge

Fluent English

Education

Qualified solicitor / legal executive in England and Wales

Tools

SharePoint

Excel

Word

Job description

Job Opportunity

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