About the Role
BHSI has an exciting opportunity to join our established Transactional Liability team as a Representation & Warranty Insurance (RWI) Underwriter. The Transactional Liability team provides insurance in connection with Mergers & Acquisitions and other transactions. In this role, the RWI Underwriter will collaborate with our Transactional Liability team to execute Representation and Warranty Insurance deals across a wide range of industry sectors.
Responsibilities
- Establish, develop and expand broker, law firm and customer relationships
- Review transaction materials to understand target company profiles and provide preliminary terms
- Underwrite M&A transactions in an expedient and thoughtful manner, focusing on the diligence process and scope of representations
- Engage and manage outside counsel and specialist advisors to assist with underwriting review
- Draft and negotiate RWI insurance policies
- Maintain awareness of the competitive environment in, and the unique risk profile of, the product line
- Building relationships with distribution partners (insurance brokers and law firms) and customers
- Analyzing risk and exercising judgment to offer appropriate policy terms
- Evaluating due diligence and managing specialist advisors to assist as necessary
- Reviewing and negotiating transaction agreements and policy documentation
- Proactively responding to changes in the M&A environment that could impact risks
Requirements
- A minimum of three years of related experience required
- Prior experience with Representation and Warranty Insurance and/or an M&A legal background preferred, but not required
- Ability to work within a team in a fast-paced environment and make quick decisions while maintaining underwriting integrity
- Strong analytical and problem-solving skills
- Careful attention to detail
- Strong communication skills, both verbal and written, and desire to build industry relationships
Skills
- Representation and Warranty Insurance
- M&A legal background
- Analytical skills
- Problem-solving skills
- Attention to detail
- Communication skills (verbal and written)
Location
- New York City
- Boston
- Atlanta
- Chicago
- Houston
Work Type
- Full-time
Experience Level
- 3+ years of related experience
Salary/Compensations
- $150,000 to $250,000
- Annual bonus eligibility
Benefits
- Comprehensive Health, Dental and Vision benefits
- Disability Insurance (both short-term and long-term)
- Life Insurance (for you and your family)
- Accidental Death & Dismemberment Insurance (for you and your family)
- Flexible Spending Accounts
- Health Reimbursement Account
- Employee Assistance Program
- Retirement Savings 401(k) Plan with Company Match
- Generous holiday and Paid Time Off
- Tuition Reimbursement
- Paid Parental Leave
About the Company
- 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.
- 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 organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
