Category Archives: Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance Appoints New Head of Claims in Germany

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Berkshire Hathaway Specialty Insurance (BHSI) has named Katrin Thiel as Head of Claims in Germany.

“We are pleased to have Katrin leading our claims operation in Germany. With her extensive experience and expertise, she is an excellent ambassador of our Claims is our Product philosophy and will ensure our customers receive the best possible claims service, delivered with great care and compassion,” said Andreas Krause, Country Manager, Germany, BHSI.

Katrin comes to BHSI with nearly 20 years of industry experience. She was most recently Head of Claims at AXA Corporate Solutions in Germany. She holds a law degree from the University of Cologne.

Katrin is based in BHSI’s office in Cologne.

© 2020 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 Austin Elkin Senior Care Leader, Healthcare Professional Liability, U.S.

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Berkshire Hathaway Specialty Insurance (BHSI) has promoted Austin Elkin to Senior Care Leader, Healthcare Professional Liability in the U.S. Austin takes over the role from Mary Nolan, who is currently overseeing the launch of BHSI’s new Senior Care Primary Auto offering, but will retire in September following a distinguished 30-year career.

“Austin has played a key role in establishing and expanding our healthcare and senior care portfolio, while simultaneously building our loyal customer base. We are excited to elevate him to a leadership role on our growing team,” said Leo Carroll, Head of U.S. Healthcare, BHSI. “Many thanks to Mary for her numerous contributions to BHSI and to the healthcare industry. Mary has certainly left her mark, and we wish her all the best in her well-deserved retirement.”

Austin first joined BHSI in 2013 as Senior Underwriter, Healthcare Professional Liability. Austin previously served as a large account Underwriter on the Healthcare team at Zurich Insurance Group.

Austin will continue to be based in BHSI’s office in Atlanta.

BHSI provides flexible professional liability solutions, including business crisis coverage, to a wide range of healthcare institutions, including both senior care and managed care operations around the globe. Coverage is backed by 24/7 risk management support, BHSI’s deep healthcare claims expertise and stellar financial strength.

© 2020 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.

Berxi and GreenLight Workforce Solutions Partner on Independent Professional Insurance Offerings

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Berkshire Hathaway Specialty Insurance’s Berxi is partnering with GreenLight Workforce Solutions to provide independent professionals with access to Berxi’s liability insurance products through GreenLight’s next generation workforce compliance software solution.

Berxi provides skilled independent professionals with fast and affordable liability insurance, which encompasses both errors & omissions (professional liability) and general liability coverage. Berxi’s offering includes a range of limit options and industry-specific features. Quotes are facilitated online in minutes via Berxi’s technology-driven platform.

“As part of our commitment to supporting independent professionals, as well as the enterprises who are contracting with those professionals, we are pleased to partner with Berxi, part of Berkshire Hathaway Specialty Insurance, to provide access to top-quality liability insurance from a trusted industry player – one who also provides direct-to-customer speed and a modern technology-driven experience that is customer-centric,” said Jason Posel, Founder & CEO of GreenLight.

“We look forward to working with GreenLight to make it simple and frictionless for the independent professionals who use their software to secure the appropriate insurance coverage they need to be successful and thrive,” said Adam Yasan, Managing Director of Berxi.

The collaboration is already in effect.

© 2020 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 Rolls Out Environmental Impairment Liability Insurance in France

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Berkshire Hathaway Specialty Insurance (BHSI) has introduced Environmental Impairment Liability (EIL) Insurance in France.

The new policy pairs coverage for multiple environmental risks with technical and legal support to help insureds mitigate environmental incidents and claims.

“Our experienced environmental team has created a policy that provides expansive coverage in clear, simple policy language, backed by BHSI’s financial strength and excellent service,” said François-Xavier d’Huart, Country Manager, France, at BHSI. “We are pleased to continue to round out our product offerings in France and fill an important market need.”

The policy provides coverage for an insured’s operating sites as well as off-site services, such as transport operations. Coverage includes third-party claims arising from accidental and gradual environmental damage, environmental liability, and cleanup costs for the insured site. Costs to mitigate an incident, including emergency response expenses are also covered.

BHSI can provide EIL coverage for operations of all sizes on a primary or excess basis.

© 2020 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 Phil Gardham to Head Medical Stop Loss Division

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Berkshire Hathaway Specialty Insurance (BHSI) has appointed Phil Gardham as SVP, Accident & Health – U.S. and Head of Medical Stop Loss. Phil takes the reins of BHSI’s Medical Stop Loss division from John Snyder, who is retiring after a distinguished industry career spanning more than four decades.

“Phil is a top-caliber industry leader and we are pleased to have him onboard to drive the continued growth of our Medical Stop Loss operation and the expansion of our A&H footprint in the U.S.,” said Sanjay Godhwani, Executive Vice President, BHSI. “We wish John all the best in his retirement and are grateful for his contributions founding our Medical Stop Loss operation and building a stellar team and infrastructure.”

Phil comes to BHSI with more than 30 years of industry experience. He spent 13 years at Companion Life Insurance Company in various roles, including President. Prior to that he was with Munich Re in Princeton, NJ. He began his career at Mercantile & General Reinsurance Company in Toronto, Canada.

BHSI provides Medical Stop Loss coverage across the U.S. Coverage is backed by exceptional underwriting experience, financial strength and BHSI’s commitment to providing excellent claims service that expedites payments to optimize customer cash flows.

© 2020 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 Now Providing Defense Base Act Coverage

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Berkshire Hathaway Specialty Insurance is now providing Defense Base Act (DBA) insurance on a global basis through its DBA-dedicated underwriting and claims team in Dubai.

“We are pleased to bring this mandatory coverage to contractors and companies operating throughout the Middle East and around the globe,” said Neeraj Yadvendu, Head of Third-Party Lines, BHSI Middle East. “Our coverage is supported by BHSI’s experienced Dubai-based DBA specialists who have well-established relationships with key vendors in volatile regions, ensuring exceptional services to customers when and where coverage is most needed.”

DBA insurance provides disability, medical and death benefits to covered employees, whether the injury or death occurs on or off the job in the course of employment. Further to its standard offering, BHSI can provide additional coverage in other key areas, such as Emergency Medical Evacuation and Supplementary Repatriation Expenses, tailoring its approach to meet customer needs.

U.S. federal law mandates DBA insurance for U.S.-government contractors, private employers and contractors working outside the U.S. on American military bases or under a contract with the U.S. government for public works or for national defense. These works include providing defense equipment, life support, materials or services to U.S. allies; or providing welfare services to benefit U.S. Armed Services.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a 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 Expands Local Property Team in France

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Berkshire Hathaway Specialty Insurance has expanded its property team in France with the addition of Jean-François Leandri as Risk Control Consultant.

“Jean François’s extensive risk control consulting expertise significantly enhances our property underwriting and service for customers across France and Belux ” said François-Xavier d’Huart. “We are pleased to welcome him to our team, while we continue to expand both our local underwriting and services in the region.”

Trained as both a boiler & machinery and fire prevention consultant, Jean-François has nearly 25 years of engineering experience. He spent the last 17 years as District Manager at Global Risk Consultants, where he led a Paris-based technical team responsible for risk consulting on a range of occupancies across portions of Europe and Africa. He began his carrier as Field Engineer at UAP Kemper HPR Company.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a 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 Dubai-based Alessandro Cerase to Global Property Underwriting Officer Team

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Berkshire Hathaway Specialty Insurance has expanded its Global Property Underwriting Officer team to include Alessandro Cerase, who will focus on General Property, Energy and Construction. Alessandro will also retain his role as Senior Executive Officer (SEO) for BHSI’s Middle East region.

“With our property portfolio growing worldwide, it is the perfect time to expand our global property leadership team, led by Dean LaPierre, and to expand Alessandro’s invaluable contributions to BHSI globally,” said David Fields, Global Chief Underwriting Officer, BHSI. “This move is indicative of the strength and depth of BHSI’s team, not only in property but across all our lines of business — and of the excellent advancement opportunities available for BHSI teammates around the globe.”

Alessandro joined BHSI as SEO for the Middle East in 2018. A chemical engineer by background, he has more than 20 years of experience with energy and technical risks. As he assumes his additional responsibilities, Alessandro will remain based in Dubai.

© 2020 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 Expands Offerings for UK Financial Institutions, Launches D&O and Civil Liability Policies

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Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has introduced two new policies tailored expressly for UK financial institutions: Professional First Financial Institutions Civil Liability Insurance, and Executive First Financial Institutions D&O Liability Insurance.

Both policies clearly articulate broad coverage for liability exposures faced by large financial institutions. In an era where managing reputational risk is critical, both policies also include coverage to support crisis management and offer expansive coverage for investigations.

“Executives and professionals across Europe face significant liability exposures, and a volatile market for coverage. BHSI is pleased to provide UK financial institutions with the certainty of broad, clearly-written coverage, backed by the financial strength, stability and claims service of BHSI,” said Thomas Dilley, Head of Financial Institutions, BHSI, UK & Ireland.

Professional First Financial Institutions Civil Liability Insurance includes state-of-the-market features such as continuity coverage and express coverage for claims arising from breaches of privacy. Executive First D&O Liability Insurance includes key features designed to ensure the most reliable coverage for individuals, from automatic reinstatement of Side A limits, to an unlimited discovery period for retired executives.
Last year, BHSI introduced Professional First Asset Management Liability Insurance in the UK and Ireland.

© 2020 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 Introduces Management Liability & Association Liability Policies in New Zealand

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Berkshire Hathaway Specialty Insurance Company expanded its Executive & Professional Lines offerings in New Zealand with the introduction of Management Liability and Association Liability Insurance policies.

“BHSI’s new Management Liability and Association Liability policies reflect our commitment to providing broad coverage in simple, concise wordings to address the multifaceted management liability risks of today’s world,” said Cameron McLisky, Head of Executive and Professional Lines, Australasia. “They also allow us to provide private company and non-profit organizations with sound solutions backed by BHSI’s financial strength and commitment to claims handling excellence.”

BHSI’s Management Liability policy is designed to address the wide range of claims private companies can face. Brokers and Insureds can customize coverage to include Directors & Officers Liability, General Liability, Statutory Liability, Employers Liability, Employment Practices Liability and/or Fidelity Insurance.

The Association Liability policy offers non-profit organizations similar flexibility and coverage tailored to their needs, with the addition of Professional Indemnity protection.

© 2020 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.