Category Archives: Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance Enhances D&O Liability Insurance in Asia

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance (BHSI) has enhanced its Asia Executive First Directors & Officers (D&O) Liability Insurance to include a market-leading provision that reinstates policy limits exhausted by the entity or by individual insureds.

“Corporate regulatory investigations have become more targeted and aggressive. As enforcement agencies sharpen their focus, we can expect to continue to see deeper and more costly investigations, often involving multiple individuals,” said Patrick Ko, Head of Executive & Professional Lies, BHSI, Hong Kong. “Our automatic reinstatement of limits provision gives insureds confidence that coverage will be there when they need it.”

BHSI’s Asia Executive First D&O Liability policy, which provides clear, simply worded coverage for large commercial organizations and their directors and officers, now includes an automatic reinstatement provision that applies across the board to all of the policy’s insuring clauses, replenishing limits which have been exhausted by the payment of Side A (D&O indemnification), Side B (company reimbursement) or Side C (entity securities claims) losses for future claims.

“In Asia, there is a heightened focus on ensuring that directors and officers are held personally accountable for their actions. This is prompting companies and board members to examine their D&O coverage and carriers more closely,” said Emily Poh, Head of Executive & Professional Lines, BHSI, Singapore. “Our insureds can be confident that, along with expansive coverage, they have a D&O insurer that has the long term commitment and unmatched financial strength to protect not just the corporation, but their personal assets as well.”

BHSI has also added numerous other enhancements to the policy, including coverage for expenses to protect the insured’s reputation and for travel and accommodations required to comply with investigations.

© 2019 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.

Berkshire Hathaway Specialty Insurance Opens New Office in Cologne

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Berkshire Hathaway Specialty Insurance (BHSI) has appointed Andreas Krause as Country Manager for Germany and established a new office in Cologne.

BHSI also has an office in Munich, Germany, and underwrites property, casualty, medical malpractice, marine and executive & professional lines for a wide range of customers throughout the country.

“Drawing on his extensive experience in the European insurance industry, Andreas will lead our efforts to grow our team and our customer and broker relationships in Germany, and coordinate with colleagues throughout Europe and around the world to bring BHSI’s formidable underwriting, service and financial strength to the marketplace.” said Chris Colahan, President, BHSI, Europe and the UK. “We are pleased to further establish our geographic presence in Germany and our leadership team in Europe.”

Andreas comes to BHSI with nearly 20 years of industry experience. He was most recently General Manager, Germany, at QBE Europe. Before that he held various roles in both underwriting and distribution at AIG Europe, and was Director of Broking at AON Germany in Hamburg. He holds a bachelor’s degree from Johann-Wolfgang Goethe University, Frankfurt, and a master’s degree in Business Administration from Catholic University Eichstätt.

© 2019 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.

Berkshire Hathaway Specialty Insurance Names Mark Walker, Head of Customer and Broker Engagement for UK

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Berkshire Hathaway Specialty Insurance (BHSI) has expanded its team in the UK with the appointment of Mark Walker as Head of Customer and Broker Engagement. Mark will be based in BHSI’s London office.

“I’m extremely pleased to have Mark leading our efforts to expand our broker and customer relationships across the UK. He brings to this new role more than two decades of industry experience and a great passion and commitment to growing BHSI’s partnerships in this important market,” said Chris Colahan, President, UK and Europe, BHSI.

Mark was most recently Head of SME, Affinity & Digital, Asia Pacific at QBE. Before that, he was CEO Hong Kong at QBE. He also served as CEO, Hong Kong & Specialty at RSA and held numerous other leadership positions at RSA in the UK and Emerging Markets over more than a decade.

© 2019 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.

Berkshire Hathaway Specialty Insurance Establishes Adelaide Office

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Berkshire Hathaway Specialty Insurance (BHSI) has expanded its presence in Australia to South Australia, opening a new office in Adelaide and naming Monica Holland as Underwriting Manager.

“We are pleased to expand our team and geographic reach with our new Adelaide office, which will provide our suite of specialty products to customers and brokers. Monica has extensive experience in the South Australia insurance industry, and we are pleased to have her representing BHSI. Monica’s local expertise will allow us to partner more effectively with our brokers and customers in South Australia.” said Mark Lingafelter, President, Australasia, BHSI.

As Underwriting Manager for South Australia, Monica will work closely with BHSI’s team in Melbourne to deliver the company’s full range of product offerings. This includes property, liability, executive & professional lines, marine, accident & health and healthcare insurance solutions. She will also serve as Casualty Manager for South Australia.

Monica brings nearly 25 years of diverse industry experience to BHSI. She has most recently served as State Manager and Distribution Manager for a global insurer. Monica holds a University Certificate of Management, Business Management, from Deakin University and is a Senior Associate, Insurance, at ANZIIF.

© 2019 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.

Berkshire Hathaway Specialty Insurance Opens Office in Paris

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Berkshire Hathaway Specialty Insurance (BHSI), in coordination with its affiliate, has received its insurance license in France, established a new office in Paris, and appointed François-Xavier d’Huart as Country Manager.

“We are pleased to continue our strategic expansion in Europe, with our new office in France and François-Xavier leading our efforts to bring BHSI’s underwriting and claims acumen, financial strength, and long-term focus to the French market,” said Chris Colahan, President, BHSI in Europe and the UK. “François-Xavier brings extensive experience to BHSI, and I am so pleased to have him at the helm as we build our product line and team in Paris.”

Beginning immediately, BHSI is underwriting property, casualty, and executive & professional lines in France. The company expects to launch several other products in France in the months ahead.

François-Xavier comes to BHSI with 15 years of industry experience. He was most recently Head of Client and Broker Management for France at AXA XL (previously XL Catlin). Before that he was Chief Executive Officer, Office Lyonnais d’Assurances and Interassur, at SATEC, and Head of Marine Cargo & Hull for Asia at AXA Asia.

François-Xavier holds a master’s degree in Engineering from SUPELEC and a master’s degree in Economics and Management from the IFP School. He received his actuarial degree from Centre d’Etudes Actuarielles.

BHSI’s Paris office is located at 88 & 92 Avenue Charles de Gaulle, 92200 Neuilly-sur-Seine.

© 2019 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.

Berkshire Hathaway Specialty Insurance Names John Roe as Head of Casualty Construction, North America

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Berkshire Hathaway Specialty Insurance (BHSI) has named John Roe as Head of Casualty Construction, North America, responsible for the company’s construction professional, homebuilders and construction casualty product lines and loss control.

“John has been integral to the build out of our casualty construction platform, and we are pleased to have him leading our efforts to bring BHSI’s financial strength, long term focus, and underwriting and service excellence to this sector,” said Meredith Bullock, Head of Casualty, North America, BHSI.

John, who spent the last six years as Head of Construction, Eastern Region, at BHSI, is taking the reins of Casualty Construction from Bill Sullivan. Bill is retiring after a distinguished 37-year career in the insurance industry, including most recently six years leading BHSI’s efforts in the North American casualty construction marketplace.

© 2019 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.

Feeling Adventurous? Berkshire Hathaway Has Insurance For You

If you’ve got the adrenaline, Berkshire Hathaway has the insurance for your adventures.

Berkshire Hathaway Travel Protection (BHTP), a leading provider of travel insurance, has announced the launch of AdrenalineCare, a new comprehensive travel insurance that is specifically tailored for adventure travelers, with features such as enhanced baggage protection, coverage for extreme activities and higher medical limits
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“Our annual State of Travel Insurance study found that adventure travel continues to be one of the most popular and fastest-growing travel types,” said Dean Sivley, president of BHTP. “Adventure travelers are eager to explore the world but also know that their adrenaline-packed trips warrant more protection. We created AdrenalineCare so they can fully enjoy their adventures without worrying about equipment delays or insufficient medical coverage if traveling in a remote location.”

AdrenalineCare coverage includes:

• Up to $750,000 in medical evacuation coverage, BHTP’s highest limits
• Up to $50,000 in emergency travel medical insurance
• Up to $500 in equipment delay coverage if the traveler’s sports equipment such as skis, scuba gear, mountain climbing equipment or other gear is delayed 6 hours or longer
• Up to $1,500 in baggage coverage to cover lost, stolen or damaged luggage
• A $150 fixed benefit for the inconvenience if baggage is delayed 12 or more hours; if eligible, travelers are awarded the full $150 to use as they wish for simply enduring the delay
• Up to $200 to reimburse the fee paid for a hunting or fishing license if the insured must cancel
• Comprehensive trip cancellation, interruption, delay, and missed connection protection
• 24/7 global travel assistance available via phone or email for travel and medical emergencies.

According to BHTP’s State of Travel Insurance 2019 report, adventure travelers take more trips than regular road trippers (4.87 annually versus 3.45). Whether they are traveling to experience a sport like motor racing, or packing expensive equipment to ski or climb, they also face greater risk. AdrenalineCare is tailored specifically for these adventurous travelers.

Well-known for its revolutionary travel insurance products and services, BHTP also provides travelers with an easy “pic-and-a-click” claims process, flight tracking and expedited payments for travel disruptions via BHTP Burst.

© 2019 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.

Berkshire Hathaway Specialty Insurance Company Adds Transactional Liability Insurance in Asia and the Middle East

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Berkshire Hathaway Specialty Insurance Company (BHSI) has begun offering Transactional Liability Insurance through its Asia and Middle East (AME) regions and appointed Steven Harwood as the Head of Transactional Liability in AME.

“Properly navigating the risks of corporate transactions is critical to growing companies and industry leaders alike,” said Marc Breuil, Head of AME, BHSI. “This expansion enhances our ability to provide transactional liability underwriting expertise and know-how through our regional hubs of Singapore, Hong Kong, and Dubai.”

“Steve Harwood has extensive experience helping companies respond swiftly and strategically to the risks of mergers, acquisitions and other transactions, and we are delighted that he has joined BHSI.”

BHSI will focus primarily on providing Representations and Warranties Insurance as well as Tax Liability Insurance across AME. The company already provides Transactional Liability coverage from offices in the U.S., Canada and the U.K.

Steven comes to BHSI from Pembroke Managing Agency Underwriting at Lloyd’s Japan, where he was Senior Underwriter & Solicitor, M&A Insurance. Before that, he was Senior Associate at Herbert Smith Freehills LLP, specializing in mergers and acquisitions, and Divisional Director (London and Tokyo) at Willis Faber & Dumas Ltd, a Lloyd’s Reinsurance Broker. Steven, who served as a Royal Navy Officer, holds a bachelor’s degree from London University and a master’s degree from International Budo University in Japan.

© 2019 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.

Berkshire Hathaway Specialty Insurance Debuts Professional First Asset Management Liability Insurance in the UK and Ireland

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Berkshire Hathaway Specialty Insurance (BHSI) has launched Professional First Asset Management Liability Insurance in the UK and Ireland.

The insurance provides broad, clearly worded professional liability, directors & officers liability, and crime coverage tailored for investment managers and funds in the UK and Ireland.

“Highly volatile investment and economic markets, coupled with increased regulatory oversight and operational exposures, have made investment managers increasingly vulnerable to claims,” said Tom Dilley, Head of Financial Institutions, BHSI in the UK. “Our Professional First Asset Management Liability policy provides investment managers and funds in the UK and Ireland with comprehensive, customizable protection, backed by marketing-leading financial strength and claims handling expertise.”

The new policy encompasses a variety of professional services and can be tailored to suit different investment structures and investment classes. It provides security for directors and officers for claims arising from wrongful acts in the management of the company or fund, and a dedicated tower of limits for Alternative Investment Fund Managers Directive (AIFMD) related losses. The policy also provides additional limits for non-executive directors, unlimited lifetime cover for retired directors and officers, and comprehensive crime coverage.

BHSI’s Professional First suite of professional liability products is designed to provide clear, current and customizable coverage for the risks of financial and commercial firms. BHSI will be expanding the suite with additional products in the UK and Ireland in 2019.

© 2019 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.

Berkshire Hathaway Specialty Insurance Appoints Heads of Marine & Property in the UK and Ireland

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Berkshire Hathaway Specialty Insurance (BHSI) has appointed Pedro Mairos as Head of Marine, and Sean Mannion as Head of Property, for the UK and Ireland.

“With Pedro and Sean leading our teams, we are bringing to market marine and property solutions built with deep local expertise, and grounded in stellar financial strength and claims service,” said Chris Colahan, Head of UK and Europe, BHSI. “Our new line of flexible marine products marks an important advance in providing broad, multi-line solutions for customers and brokers in the UK and Ireland.”

Pedro comes to BHSI with nearly two decades working in marine insurance around the globe. He was most recently UK Deputy Chief Underwriting Officer and Head of Marine Cargo Underwriting, UK Branch, at AXA Corporate Solutions. He also held marine insurance roles at Axa in Paris, Hong Kong and Dubai.

Sean takes the reins as Head of Property, UK and Ireland, with more than 35 years of industry experience. He was most recently Head of Property & Energy Lines, Commercial Insurance UK, at Zurich. Prior to that he was Senior Vice President and Global Property Executive at AIG UK. Sean is a Fellow of the Chartered Insurance Institute.

Pedro and Sean are based in BHSI’s office in London.

© 2019 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.