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AVP, Representations and Warranties Insurance Underwriter at Chubb

Posted in Insurance 30+ days ago.

Type: Full-Time
Location: New York, New York





Job Description:

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. 

 

JOB SUMMARY:

We are seeking a lawyer with practical M&A deal experience from a top law firm to apply their technical legal skills to a dynamic insurance group by focusing on underwriting commercial transactions and offering representations and warranty insurance (both buy and sell side).  These insurance policies enable deal participants, private equity and strategic buyers and sellers, to efficiently allocate transactional risks, increase deal value and maximize returns by alleviating capital constraints and bridge gaps in deals that may not otherwise close.

RESPONSIBILITIES:


  • Review and analysis of public and private M&A transaction documentation and due diligence reports in order to identify deal risks and issue representation and warranty insurance coverage.

  • Negotiate and draft insurance policy terms and language specifically addressing the risk and issues in each transaction.

  • Collaborate with and supervise outside counsel hired to represent Chubb with due diligence on each transaction.

  • Develop and cultivate relationships with M&A insurance brokers, lawyers, private equity firms, deal principals and internal Chubb colleagues.

  • Attend and/or present at seminars, conferences and marketing events focusing on transactional risk insurance.

DESIRED SKILLS AND EXPERIENCE:


  • Practicing attorney with 3+ years of corporate M&A experience at top-tier law firm with detailed understanding of complex corporate structuring and financing arrangements.

  • Experience in running legal aspects of M&A transactions.

  • Specific knowledge of transactional legal exposures (warranty breaches, tax structuring issues, price adjustment mechanisms, litigation, and computation and measure of damages).

  • Ability to comprehend financial statements and comfort addressing tax issues and other commercial matters.

  • Specific experience with procuring or negotiating representations and warranties insurance on behalf of deal clients is a strong plus.

  • Excellent written and oral communication skills.

  • Strong negotiating and legal contract drafting skills.

  • Comfortable working with and instructing outside counsel.

  • Self-starter, highly focused, enthusiastic and creative thinker.

  • Strong interpersonal skills and ability to work collaboratively within a team environment is essential.

  • Organized, and able to work in a fast paced environment with tight deadlines and deal-time pressures.

 

Chubb strives to offer a diverse and inclusive and rewarding work environment.  Teamwork and mutual respect are central to how Chubb operates, and we believe the best solutions draw upon diverse perspectives, experiences and skills.  We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.





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