Mergers & Acquisition Underwriting Intern

Mergers & Acquisitions Underwriting Intern New York, NY I USA AXA XL' s Global Mergers & Acquisitions Insurance division focuses on the underwriting of transactional risk insurance solutions for private equity firms and corporate strategic buyers and sellers operating around the globe. These products, namely representation and warranty, tax opinion, tax credit and contingent liability insurance, are now being used more regularly by buyers, sellers and their advisors to quantify, price and allocate risk. Since establishing this business division in 2016, AXA XL is expanding its suite of products to key clients while creating a more efficient means for them to close deals and reduce uncertainty. Our rapidly growing Mergers & Acquisitions unit is now looking to hire two Underwriting Interns in the New York office to support its business functions. Underwriting Interns will play a critical role within the team supporting the insurance underwriting process and working with our team in reviewing and analyzing complex corporate transactions and underwriting transactional M&A insurance. They will obtain hands-on training in various legal and financial concepts underpinning transactional risk exposures and will have the opportunity to gain valuable experience working in the rapidly growing transactional risk insurance industry at the ground level. Additionally, Underwriting Interns will have the ability to foster relationships both internally at AXA XL as well as externally with brokers, law firms and private equity firms. DISCOVER your opportunity What will your essential responsibilities include? Reviewing and analyzing Non-Disclosure Agreements and Non-Reliance Letters. Reviewing and analyzing public and private M&A transaction documentation, due diligence reports, and target company financial statementsquality of earnings reports to assist underwriters in identifying deal risks, assessing target company financial strength and performing pre-underwriting analysis used in quoting representations and warranties insurance. Assisting with the drafting of custom-tailored quotes for proposed M&A insurance policies. Interacting with and supporting underwriters on day-to-day business issues and throughout the underwriting process, including performing detailed analysis of issues raised on underwriting calls and in due diligence reports. Assisting with the drafting of insurance policy terms and language specifically addressing the risk and issues in each transaction. Developing and cultivating relationships with M&A insurance brokers, external lawyers and internal AXA XL colleagues across various business units. Gathering underwriting information via the Internet and other publicly available sources and completing underwriting analysis for each unique risk. You will report to the Vice President & Senior Underwriter, M&A Insurance.SHARE your talent SHARE your talent We're looking for someone who has these abilities and skills: Rising third year law school student in the Tri-State area focusing on corporatebusiness law or rising second year business school student with prior professional deal experience preferred. We will also consider rising second year law school students to the extent they have an exemplary academic background andor prior legal and business experience before attending law school. Basic knowledge of transactional legal exposures (i.e. basic contract terminology and corporate law concepts; representations and warranty terms; indemnification obligations; differences between stock vs. asset deals) Ability to comprehend financial statements and comfort addressing tax issues and other commercial matters is a plus. Accounting Corporate Finance course-work a plus. Excellent written and oral communication skills. Comfort working withdrafting legal documents and robust attention to detail. Self-starter, highly focused, enthusiastic and creative thinker. Organized, and able to work in a fast-paced environment with tight deadlines and deal-time pressures. Bachelor's degree in finance, Accounting, Economics or Business is a plus. FIND your future AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide reinsurance, we reinvent it. How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business - property, casualty, professional, financial lines and specialty. With an innovative and flexible approach to risk solutions, we partner with those who move the world forward. Learn more at Inclusion & Diversity AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It's about helping one another - and our business - to move forward and succeed. Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance Charter Learn more at about-usinclusion-and-diversity . AXA XL is an Equal Opportunity Employer. Sustainability At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience," focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations. Our Pillars: Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans. Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions. Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting. AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL' s "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving. For more information, please see Sustainability at AXA XL . The U.S. pay range for this position is USD 43 per hour. Actual pay will be determined based upon the individual's skills, experience, and location. We strive for market alignment and internal equity with our colleagues' pay.

Created: 2025-03-10