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
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, 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. Key responsibilities will include: 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; and proactively responding to changes in the M&A environment that could impact risks.
We are considering candidates in our New York City, Boston, Atlanta, Chicago and Houston offices, although we are willing to consider other locations depending on individual circumstances.
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
- 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
Qualifications, Skills And Experience
- A minimum of three years of related experience required; however, candidates with more experience are encouraged to apply.
- 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
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.
- Benefits that support your life and well-being, which include:
- 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
The base salary range for this position is $150,000 to $250,000, along with annual bonus eligibility. Total compensation for a candidate is determined by their relevant skills, location, and experience. We value our teammates – both their capabilities and character – as demonstrated by our amazing culture.
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.
