Underwriter, Transactional Liability
New York, NY 
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Posted 4 days ago
Job Description

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 and .

Job Opportunity:

Berkshire Hathaway Specialty Insurance has an exciting opportunity to join our growing Transactional Liability team in New York City as an M&A underwriter. The Transactional Liability team provides insurance in connection with Mergers & Acquisitions and other transactions, including Representation and Warranty Insurance, Tax Insurance, and Contingent Liability Insurance. In this role, the M&A underwriter will collaborate with our Transactional Liability team to execute Representation and Warranty Insurance deals. Responsibilities will include: exercising good judgement to assess and analyze risks and offer appropriate terms; managing and evaluating due diligence; developing and negotiating transaction agreements; marketing to and building relationships with distribution partners (insurance brokers and law firms) and customers; and proactively responding to changes in the M&A environment that could impact risks.

Duties & Responsibilities:

  • 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
  • Draft and negotiate RWI insurance policies
  • Establish, develop and expand broker, law firm and customer relationships
  • Work in a fast-paced environment, multi-task, and make quick decisions while maintaining underwriting integrity; and
  • Maintain awareness of the competitive environment in, and the unique risk profile of, the product line

Qualifications, Skills and Experience:

  • JD degree
  • 3+ years of M&A legal practice (diligence, contract drafting, and negotiation experience preferred)
  • Strong analytical and problem-solving skills
  • Ability to work in a fast-paced environment
  • Careful attention to detail
  • Friendly, proactive and able to work within a team environment
  • Strong communication skills, both verbal and written

BHSI Offers:

  • A company with a truly unique opportunity and value proposition in the marketplace.
  • A growing book of primary business that offers opportunities to be customer-facing as well as experience in placing multinational global programs
  • 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

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


 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
3+ years
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