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:
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a leader with deep Contract Surety Middle Market experience who is interested in joining the dynamic BHSI Surety team. We are a bottom-line focused company with a long-term view to all our underwriting decisions. However, we do appreciate that technology can and will play a significant role in this space in the years to come. The candidate will embrace technology and its potential impacts.
The candidate will think strategically and act collaboratively as they build our business in the middle market space. The ability to build both internal and external relationships will be key. The candidate will have a deep understanding of the decision drivers, both the customer and brokers’ buying decisions.
We are seeking the best candidate for the role. While proximity to our team locations in Boston, MA; New York, NY; Atlanta, GA; Houston, TX; Los Angelas, CA, San Fransico, CA, Chicago, IL, Seattle, WA, Indianapolis, IN or Plymouth Meeting, PA is preferred, we will also consider exceptional candidates located elsewhere.
Duties & Responsibilities:
- Develop our “go to market” strategy for our Middle Market Contract Surety Business.
- Attract, hire, lead and develop the contract surety team who will build and manage a portfolio of contract surety risks.
- Draft underwriting criteria and develop a framework for assessing risk.
- Lead portfolio management activities ensuring that the portfolio remains within appetite.
- Ensure our activities in building a middle market business align with and assist in the continued growth of our existing surety business.
- Work closely in collaborative team environment
- Collaborate with brokers and customers in developing mutually beneficial relationships.
- Ensure appropriate file documentation and compliance.
- Stay informed about the competitive landscape and the product line’s unique risk profile.
Qualifications, Skills, and Experience:
- College degree or equivalent with a minimum of 15-20 years of experience serving Middle Market Contractors either as an underwriter, broker, or both.
- Experience at a national level or multiple geographies will be a plus.
- Ability to work in a fast-paced environment.
- Must be collaborative and team-focused with strong interpersonal, communication and negotiation skills.
- Maintain awareness of the competitive environment, and the unique risk profile of the product line.
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 from $250,000.00 to $325,000.00, along with annual bonus eligibility; a candidate’s salary is determined by their relevant skills 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.
Skills Required
- College degree or equivalent with 15-20 years serving Middle Market contractors as an underwriter, broker, or both
- Deep contract surety middle-market underwriting experience
- Proven leadership experience attracting, hiring, leading and developing underwriting teams
- Experience drafting underwriting criteria and developing risk assessment frameworks
- Portfolio management experience to keep exposures within appetite
- Experience collaborating with brokers and customers, strong negotiation skills
- Ability to work in a fast-paced, collaborative environment with strong interpersonal and communication skills
- Experience at a national level or across multiple geographies
- Proximity to team locations (Boston, New York, Atlanta, Houston, Los Angeles, San Francisco, Chicago, Seattle, Indianapolis, Plymouth Meeting) preferred
- Willingness to embrace technology and its potential impacts on the business
Berkshire Hathaway Specialty Insurance Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Berkshire Hathaway Specialty Insurance and has not been reviewed or approved by Berkshire Hathaway Specialty Insurance.
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Retirement Support — Retirement support includes a 401(k) plan with matching contributions, which contributes to the overall value of the package. Performance bonuses are also described as part of the broader financial benefits offering.
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Leave & Time Off Breadth — Time-off provisions are framed as generous, with generous paid time off and company holidays included in the described package. Parental leave and a return-to-work program also add to the overall time-away coverage.
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Fair & Transparent Compensation — Pay is at times characterized as competitive or decent, and some roles include employer-provided salary ranges that help set expectations. This range disclosure suggests at least partial transparency depending on role and location.
Berkshire Hathaway Specialty Insurance Insights
What We Do
Berkshire Hathaway Specialty Insurance is an organization committed to providing long-term risk solutions and claims care to our customers backed by the financial strength of Berkshire Hathaway. We’re passionate about analyzing risk markets and tailoring insurance solutions that provide businesses with the flexibility they need to pursue opportunities. Accessibility, collaboration, responsibility, and integrity are at the core of how we conduct business. Ease of doing business is a priority, which means our teammates are empowered to collaborate and think creatively to achieve customer satisfaction. Our company culture puts a premium on responsiveness so we can get business done effectively, efficiently, and thoroughly. Come learn more about our products and services, our mission and our culture at www.bhspecialty.com. Follow us on Twitter at http://twitter.com/bhspecialty.
