Associate Underwriter / Underwriter Transactional Liability

Berkshire Hathaway Specialty Insurance; Greater London; On-site; GBP 40,000 - 65,000; Full time

Benefits offered by this job

Competitive package

Growth opportunities

Dynamic environment

Non-bureaucratic culture

Job summary

Berkshire Hathaway Specialty Insurance (BHSI) in London seeks an Associate Underwriter / Underwriter for Transactional Liability. You will underwrite M&A-related Warranty and Indemnity Insurance, review target materials, and draft policies for a range of deals across industries.

You will collaborate with the Transactional Liability team, manage the underwriting process, and engage counsel and advisors. Strong analytical skills and relationship-building are essential in a fast-paced, global team.

Qualifications

• 1 to 3 years of experience in W&I insurance as an underwriting analyst, underwriter or broker.
• Legal, economics, accounting or M&A background preferred, but not required.
• Ability to work within a team in a fast-paced environment, multi-task, and make quick decisions while maintaining underwriting integrity and focusing on underwriting profit.
• Excellent interpersonal skills.
• Strong analytical and problem-solving skills.
• Careful attention to detail.
• Great communication skills, both verbal and written, and desire to build industry relationships.

Responsibilities

• Underwrite M&A transactions with a focus on the London and UK markets.
• Review transaction materials to assess target company risk profiles and develop preliminary indications of terms.
• Draft and negotiate W&I policies, endorsements and related underwriting documents.
• Manage the underwriting process for selected risks, including by engaging and coordinating outside counsel and specialist advisors.
• Maintain awareness of the competitive environment in, and the unique risk profile of, the product line.
• Be an active market participant by establishing, developing and expanding broker and customer relationships.
• Attending industry events and gatherings.

Skills

Underwriting experience

Interpersonal skills

Analytical skills

Attention to detail

Communication skills

Education

M&A background preferred

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 culture and history.

Job Opportunity:

The Transactional Liability team provides insurance in connection with Mergers & Acquisitions and other transactions, including Warranty and Indemnity Insurance and Tax Insurance. In this role, the Associate Underwriter / Underwriter will collaborate with our Transactional Liability team to execute Warranty and Indemnity Insurance policies across a wide range of industry sectors and deal values.

Duties & Responsibilities:

• Underwrite M&A transactions with a focus on the London and UK markets.
• Review transaction materials to assess target company risk profiles and develop preliminary indications of terms.
• Draft and negotiate W&I policies, endorsements and related underwriting documents.
• Manage the underwriting process for selected risks, including by engaging and coordinating outside counsel and specialist advisors.
• Maintain awareness of the competitive environment in, and the unique risk profile of, the product line.
• Be an active market participant by establishing, developing and expanding broker and customer relationships.
• Attending industry events and gatherings.

Qualifications, Skills and Experience:

• 1 to 3 years of experience in W&I insurance as an underwriting analyst, underwriter or broker.
• Legal, economics, accounting or M&A background preferred, but not required.
• Ability to work within a team in a fast-paced environment, multi-task, and make quick decisions while maintaining underwriting integrity and focusing on underwriting profit.
• Excellent interpersonal skills.
• Strong analytical and problem-solving skills.
• Careful attention to detail.
• Great communication skills, both verbal and written, and desire to build industry relationships.
• Great communication skills, both verbal and written, and desire to build industry relationships.

BHSI Offers:

• A company with a truly unique opportunity and value proposition in the marketplace.
• 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