The Analyst will support the transactional insurance team, including representations and warranties insurance, tax liability insurance and contingent liability insurance. Among other things, the Analyst will:
Main job is to:
(a) negotiate confidentiality agreements, non-reliance letters
(b) raft insurance policies, and review comments from insured and its advisers
Conduct background research on the parties to a particular transaction and the industries in which they operate.
Review and understand the client's motivation for requesting the insurance coverage, the role the insurance is playing in the transaction, and the value of the insurance to the transaction.
Review and understand documentation relevant to the analysis and assessment of the risk.
Analyze and assess the underlying risk in accordance with the relevant product line policies and procedures.
Prepare non-binding indication letters, insurance policies and binder agreements.
Interact with clients, client’s advisors, brokers and other deal professionals.
Participate on underwriting conference calls.
Manage the underwriting process and, in cooperation with the legal department, the selection of and work performed by outside counsel.
Present preliminary findings and conclusions to senior underwriters and management.
• Post ID: 96968401 manhattan