London, United Kingdom
Who are we?
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. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?
Learn more about our unique culture and history.
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
To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to [email protected]
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