Associate Underwriter/Underwriter Transactional Liability

BERKSHIRE HATHAWAY SPEC INS; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Berkshire Hathaway Specialty Insurance (BHSI) is seeking an Associate Underwriter / Underwriter for Transactional Liability in London. The role focuses on underwriting M&A transactions and collaborating with the Transactional Liability team to issue Warranty and Indemnity insurance policies across various sectors and deal values.

You will review materials, develop indicative terms, and manage underwriting with internal and outside counsel collaboration.

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 and make quick decisions.

Responsibilities

• Underwrite M&A transactions with a focus on London and UK markets.
• Review transaction materials to assess target risk profiles and draft indications of terms.
• Draft and negotiate W&I policies and related underwriting documents.

Skills

Underwriting

W&I Insurance

Analytical skills

Communication skills

Teamwork

Education

Law/Economics/Accounting background

Job description

Associate Underwriter/Underwriter Transactional Liability

London | Europe

Who We Are:

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?

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