Category: Berkshire Hathaway Specialty Insurance

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has introduced new Property Damage, General Liability, D&O, Professional Indemnity and Marine Cargo Insurance policies in Spain.

“Launching our proprietary policy wordings in Spain is indicative of our commitment to leading domestic and international insurance programs for customers,” said Eduardo Guinea, Head of Customer and Broker Engagement for Spain, BHSI. “Each of these new policies reflect BHSI’s simple, clearly understood wordings and deliver the certainty of comprehensive, flexible coverage to customers.”

BHSI underwrites on a net capacity basis, without accessing the reinsurance markets, which vests the company with flexibility in designing coverage and facilitates responsive, local decision-making. Foundational to all BHSI products is its CLAIMS IS OUR PRODUCT philosophy, which underscores the company’s willingness to offer coverage and respond with excellent service when customers face claims.

“The introduction of these new policies is an important step in our steady expansion in Spain. We look forward to continuing to grow, hiring talented professionals, launching new products, entering new segments, and expanding our geographical presence,” said Constanza Gallegos, Country Manager for Spain, BHSI.

The new policies are available immediately in Spain.

© 2022 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 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.

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Berkshire Hathaway Specialty Insurance has opened a new office in Brussels, Belgium, and made several senior-level appointments.

Louis du Ché has been named to the role of Country Manager for Belgium. Louis joined BHSI in 2019 as Head of Property, France, and will retain that position as well.

Frederic de Blieck has joined BHSI as Head of Executive & Professional Lines in Belgium. He comes to BHSI with more than 20 years of experience, most recently as Head of Financial Lines, Belgium and Luxembourg, at another global insurer.

Bram Boets has joined as Head of Property in Belgium. He has more than a decade of experience spanning both the underwriting and brokerage sides of the business, most recently as Senior Manager, Property, at a global brokerage firm in Brussels.

David Bogaert has joined as Head of Customer & Broker Engagement in Belgium. He has 20 years of industry experience and was most recently Head of Distribution, Belgium, at another global insurer.

Koen Dupont has joined as Head of Casualty in Belgium. He has more than two decades of experience at brokerages and insurers and was most recently Head of Casualty, France, Belgium and Luxembourg at another global insurer.

“With the opening of our newest office in Belgium, we continue to enhance our ability to serve customers and brokers throughout Europe and deliver BHSI’s certainty and CLAIMS IS OUR PRODUCT philosophy,” said François-Xavier d’Huart, Head of France & Belgium, BHSI. “Already we have assembled a highly experienced leadership team in Belgium, headed by Louis as Country Manager. This excellent team will spearhead our efforts to further build our team, our broad range of products, and our customer and broker relationships in this key market.”

All of these BHSI leaders will be based at BHSI’s new office, which is located at 54 Avenue Herrmann-Debroux, 1160 Auderghem, Belgium.

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 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.

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has Berkshire Hathaway Specialty Insurance has further expanded its presence in Europe with the establishment of an office in Lyon, France.

“As we continue to grow steadily across Europe, the time is right to expand with an office and expanded team in Lyon,” said François-Xavier d’Huart, Country Manager, France. “Complementing our office in Paris, our team in Lyon will provide our full line of property, casualty and specialty insurance as well as claims and engineering services locally to customers in southeast France.”

BHSI teams in both Paris and Lyon bring BHSI’s multinational capabilities, which span 170 countries, to local companies in France.

© 2022 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 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.

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has expanded in Germany, opening a new office in Frankfurt. The company already has offices in Cologne and Munich.

“BHSI is committed to building long-term relationships by providing sustainable technical underwriting solutions and excellent service,” said Andreas Krause, Country Manager, Germany. “Being close to our customers in the important financial center of Frankfurt will advance these efforts and is especially important now, with our team and our insurance portfolio growing so substantially in Germany.”

Underwriters from across all product lines, including property, casualty, and executive & professional lines, as well as BHSI risk engineers, will be based in Frankfurt.

© 2021 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.

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has appointed Beth Freeman as Senior Vice President, Accident & Health Underwriting, and Ken Gumbiner as Senior Vice President, Accident & Health Sales.

“As we expand our A&H capabilities in the U.S., we are so pleased to have Beth and Ken, two exceptionally experienced A&H professionals, to lead these efforts and deliver the full value of BHSI’s brand, financial strength and CLAIMS IS OUR PRODUCT philosophy to the marketplace,” said Phil Gardham, BHSI’s Senior Vice President, U.S. Accident & Health, and Head of Medical Stop Loss. “As we grow our product portfolio, we are continuing to expand our Medical Stop Loss appetite, recently forged a new partnership to provide A&H programs for international students, and we will be launching new A&H products soon.”

Beth comes to BHSI with more than 25 years of experience underwriting an array of A&H products and was, most recently, AVP, A&H Underwriting and Program Business, at Companion Life Insurance Company. Previously, Beth served as Chief Underwriting Officer at Montgomery Management/Spectrum Underwriting Managers, a division of Companion Life. Beth holds a bachelor’s degree in Business Administration from Arcadia University in Pennsylvania.

Ken brings more than three decades of industry experience to his new role at BHSI and was, most recently, SVP, Head of Accident & Health Sales, North America, at Swiss Re Corporate Solutions. Previously, Ken served as Executive Vice President of Sales, IHC Risk Solutions. Ken attended Union Bible College in Westfield, Indiana.

Beth will be based in Philadelphia and Ken will be based in the BHSI office in Indianapolis.

© 2021 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 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.