M&A Analyst-Ethos Specialty Insurance Services LP

About Ethos Specialty Insurance Services LLC

This is an opportunity to join Ethos Specialty, a Bishop Street Underwriters Company

Ethos Specialty Insurance Services is a specialty Managing General Underwriter (MGU) that partners with carriers to underwrite tailored insurance programs across North America. Ethos benefits from deep capabilities and underwriting expertise and is able to match risk to multiple sources of capital as well providing the highest quality, independent underwriting service to its industry partners and capital providers. Ethos currently has three programs under the M&A insurance space.

The M&A Underwriting Team – What do we do?

In connection with the purchase or sale of a company, the seller typically makes a series of representations and warranties concerning the condition of the company and its assets and to allocate risks between the buyer and seller. As part of the sale process, the buyer or seller may seek representations and warranties (R&W) insurance to help resolve risk allocation differences and to reduce the need for an escrow of the transaction proceeds. The Ethos M&A underwriting team, upon completion of an in-

depth underwriting process, provides R&W insurance against a breach of the seller's representations and warranties in the transaction agreement. Amongst other benefits, R&W insurance simplifies otherwise complex negotiations during the sale process and permits a less complicated consideration structure.

JOB PURPOSE :

The Analyst will join Ethos and will be primarily responsible for assisting the M&A Team in assisting Senior Underwriters in coordinating the M&A underwriting process and assisting in providing transactional liability solutions. Among other things, the Analyst will :

• Coordinate with external legal counsel as required and develop strong working relationships with M&A insurance brokers, attorneys and deal principals.
• Collect and analyze data related to submissions, bound deals, and policies
• Draft invoices, expense agreements, non-binding indication letters and other documents, as requested by underwriters
• Review underwriting submissions and files and summarize key points for review and discussion with underwriters on the team
• Assist in the underwriting process for Representations & Warranties Insurance products for buy-side and sell-side clients by collaborating with various brokers, advisors and law firms
• Conduct preliminary reviews of Purchase Sale Agreements, Disclosure Schedules and Diligence Reports to evaluate areas of concern and heightened risks to draft non-binding indication letters for investors and private equity firms
• Assess and execute Non-Disclosure Agreements, Non-Reliance Letters and Access letters to obtain access to proprietary deal information
• Attend due diligence calls to transcribe accurate and comprehensive deal specific notes

COMPETENCIES / REQUIREMENTS :

TECHNICAL SKILLS & KNOWLEDGE :

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