Berkshire Hathaway Specialty Insurance Expands Australia Team, Adds New Indemnity Policies

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance Company (BHSI) has unveiled four new executive and professional lines policies in Australia. The company also named Sami Jaghbir as Senior Underwriting Manager, Executive & Professional Lines, in Brisbane, and Richard Johnson as Senior Underwriting Manager, Executive & Professional Lines, in Melbourne.

The newly launched policies are:

• Executive First Directors & Officers Liability Insurance;
• Professional First Financial Planners Professional Indemnity Insurance;
• Professional First Asset Manager Liability Insurance; and
• Professional First Civil Liability Insurance

“We are pleased to introduce the first of our primary executive and professional lines policies in Australia, while rounding out our geographic footprint with experienced underwriting professionals now in Sydney, Melbourne and Brisbane,” said Cameron McLisky, Head of Executive and Professional Lines, Australasia.

“Our executive and professional lines team looks forward to providing tailored D&O, Financial Institutions and Professional Indemnity solutions with the security of our financial strength and long term commitment to the Australian marketplace.”

Sami Jaghbir joins BHSI after five years at Vero, where he held various positions, most recently as Underwriting Manager NSW/ACT, Professional & Financial Lines. Before Vero, he was Senior Account Executive, Financial & Professional Lines, at Marsh. Earlier in his career, he held positions at Promina, Citibank and Pfizer. A member of the Australian Professional Indemnity Group, Sami holds a Bachelor of Science degree from The University of Queensland; a Diploma of Financial Services, Broking, from the Australia & New Zealand Institute of Insurance & Finance (ANZIIF); and is currently completing a Masters in Commerce, Insurance, Accounting, Commercial Law from Deakin University.

Richard Johnson joined BHSI in October after 18 months at Catlin Australia, where he was Financial Lines Manager for Melbourne. Prior to Catlin, he held a number of underwriting and portfolio management roles with AIG in London and Australia, including Commercial D&O/Crime Underwriting Manager for AIG Europe. Richard received a Bachelor of Commerce degree from the University of Otago.

© 2016 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.