Representation & Warranty Insurance Underwriter
Atlanta, GA/Boston, MA/Chicago, IL/Houston, TX/New York, NY
Salary Range: $150,000.00 To $275,000.00 Annually
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?
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity to join our growing Transactional Liability team as a Representation & Warranty Insurance (RWI) 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 RWI Underwriter will collaborate with our Transactional Liability team to execute Representation and Warranty Insurance deals across a wide range of industry sectors. Responsibilities will include: marketing to and building relationships with distribution partners (insurance brokers and law firms) and customers (private equity funds and acquisitive corporates); exercising good judgement to assess and analyze risks and offer appropriate terms; managing and evaluating due diligence; developing and negotiating transaction agreements; and proactively responding to changes in the M&A environment that could impact risks.
Duties & 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.
- Draft and negotiate RWI related agreements.
- Work in a fast-paced environment, multi-task, and make quick decisions while maintaining financial discipline.
- Maintain awareness of the competitive environment in, and the unique risk profile of, the product line and the M&A industry more generally.
Qualifications, Skills, and Experience:
- JD degree and M&A legal background (and/or relevant RWI underwriting experience).
- Prior experience underwriting RWI is not required, but will be viewed favorably.
- Ability to work within a team in a fast-paced environment.
- Strong analytical and problem-solving skills.
- Careful attention to detail.
- Strong communication skills, both verbal and written, and desire to build industry relationships.
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 organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
The base salary for this position is from $150,000 to $275,000 plus annual bonus eligibility; a candidate’s salary is determined by their relevant skills and experience. We value our teammates- both their capabilities and character- as demonstrated by our amazing culture.
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