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Berkshire Hathaway Specialty Insurance

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.

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Mouser Electronics

Mouser Electronics is Molex Global’s e-Catalog Distributor of the Year

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Berkshire Hathaway’s Mouser Electronics, Inc. has been named the 2019 Global e-Catalog Distributor of the Year for the fourth time by Molex, a leading global manufacturer of electronic solutions.

The global distributor was also honored with Molex’s European e-Catalog Distributor of the Year and APS e-Catalog Distributor of the Year awards for the second year in a row, as well as the Americas e-Catalog Distributor of the Year award for 2019.

Mouser received the Global e-Catalog Distributor of the Year award for helping Molex achieve outstanding financial growth in e-catalog sales, as well as for attaining significant customer growth for Molex worldwide.

“Molex congratulates Mouser on these well-deserved awards, which celebrate the company’s excellence in customer service, sales, and product breadth,” said Fred Bell, Vice President of Global Distribution at Molex. “Mouser has played a key role in contributing to our overall success this year, and we look forward to continuing the momentum in 2020 and beyond.”

“All of us at Mouser are ecstatic to bring home these top awards. Our mutual success is a testament to the exceptional hard work from our teams around the world,” said Jeff Newell, Senior Vice President of Products at Mouser Electronics. “Mouser strives to be the distributor with the broadest selection of Molex products, and we’re proud of this recognition.”

Mouser previously earned the Global e-Catalog Distributor of the Year award in three consecutive years (2013–2015) and the European and APS e-Catalog Distributor of the Year awards in 2018. Mouser Supplier Manager Tom Bila won the Molex MVP award for 2013 as well.

© 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.

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GEICO Insurance

GEICO On Hiring Spree

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GEICO is looking to fill hundreds of positions at 14 of its regional locations across the country.

The company has career opportunities available in Sales, Service, Claims and Information Technology at its offices in Buffalo, Chevy Chase, Dallas, Fredericksburg, Honolulu, Indianapolis, Kansas City, Lakeland, Macon, North Liberty, San Diego, Tucson, Virginia Beach and Woodbury.

Applications are currently being accepted online; potential candidates can apply by visiting the GEICO Careers homepage at geico.jobs.

With the vast majority of GEICO’s 41,000-associate population working from home, all interviewing, hiring, onboarding and training will be done virtually.

New hires will also work remotely until the company transitions associates back to offices.

© 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.

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Berkshire Hathaway Specialty Insurance Insurance

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.

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Berkshire Hathaway Specialty Insurance Insurance

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.

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See's Candies

See’s Candies Resumes Production

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Berkshire Hathaway’s candy purveyor, See’s Candies, has resumed production. The company had ceased production in mid-March, and Warren Buffett had noted at the Berkshire Hathaway annual meeting that the company had been stuck with a mountain of Easter candy that would go unsold.

In addressing the resumption, Pat Egan, CEO & president of See’s said in a statement:

“Quality Without Compromise” is our longstanding motto, and that stands true now more than ever. See’s has always believed in delivering the freshest, most delicious candy possible, in the best way we know how. Because we make pretty much everything we sell, we have two really important workplaces to get right—our manufacturing and packing facilities and our retail shops. Because we won’t cut corners, and because our employees are like family, we meticulously worked through every step in the process to make sure we’re safe before we’ll reinitiate production or open shops.

We are excited to share that we have recently reopened our San Francisco and Los Angeles candy kitchens. While this means we are now able to safely make our candies, you can almost say we are starting from scratch. Your tried and true favorites may not be available immediately, but the recipes and care we put in to making every piece is exactly the same. Please don’t despair… while these adjustments are necessary as we slowly reopen, we have not discontinued any items. We may not have everything in stock, but this is a great time to try a new flavor and explore our assortment. (Trust us, they’re all great!)”

See’s is now offering contact-free pick up in addition to online orders.

© 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.

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Mouser Electronics

Mouser Electronics Honored With Best Digital Performance Award

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Berkshire Hathaway’s Mouser Electronics, Inc., the industry’s leading New Product Introduction (NPI) distributor with the widest selection of semiconductors and electronic components, is pleased to announce that it has been honored for the second consecutive year with a top global e-commerce award from its valued partner Amphenol Corporation, a global leader in the interconnect industry. Mouser stocks the full suite of products from Amphenol and 32 of its product divisions, available on its industry-leading website, Mouser.com.

Mouser received the 2019 Best High Service Digital Performance Award from Amphenol in recognition of their outstanding sales growth in 2019.

“We are delighted to recognize Mouser for its remarkable performance in 2019,” said Adam Norwitt, CEO of Amphenol. “Mouser’s teams consistently deliver exceptional growth in the e-commerce space, and this award is a testament to their outstanding work and steadfast partnership.”

“We are greatly honored to be recognized by Amphenol for the second year in a row for our performance in the digital arena,” said Glenn Smith, President and CEO of Mouser. “Amphenol has been a highly valued partner for many years, and we look forward to many more productive years together.”

Over the past decade, Mouser has received numerous awards from Amphenol Corporation and its subsidiaries. In addition to receiving the 2018 Best High Service Digital Performance Award from Amphenol Corporation, Mouser received 2018 Distributor of the Year awards from Amphenol SV Microwave and Amphenol Industrial. Mouser also previously received Amphenol Corporation’s 2015 Best Global Performance Award in conjunction with TTI, Inc., as well as major global awards from Amphenol companies in 2013 and 2014.

© 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.

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Appointments Berkshire Hathaway Specialty Insurance

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.

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Lubrizol

Lubrizol Joins Drive to Develop Zero-Emissions Deep-Sea Ships

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Berkshire Hathaway’s Lubrizol Corporation has become the first lubricant additive technology supplier to join the Getting to Zero Coalition. An international group currently endorsed by 14 governments and composed of more than 100 organizations, it aims to drive the development of commercially viable, zero-emissions deep-sea ships by 2030.

The partnership between the Global Maritime Forum, the World Economic Forum and Friends of Ocean Action boasts leading ship owners, ports, technology providers and fuel companies as well as academic and research institutions.

“Joining the Getting to Zero Coalition is an opportunity for Lubrizol to contribute to one of the most important challenges of our time,” says Simon Tarrant, business manager – large engines, with Lubrizol. “It is also a chance to align with forward-thinking industry stakeholders to gain some insight into the engine and fuel solution challenges of the future.”

Lubrizol brings a wealth of experience in lubricant and fuel research. It recently analyzed IMO 2020-compliant very low sulphur fuel oil blends to develop a robust cylinder oil additive package to handle the widely varying properties of these fuels.

The coalition has chosen 2030 as its target date because most ships after that date will still be sailing in 2050, by which time global regulator the International Maritime Organization hopes to at least decrease greenhouse gas (GHG) emissions from shipping by half. To fulfil that vision, a big proportion of the fleet will need to operate on low- or zero-carbon fuels.

New fuels and enhanced engine design will bring new operating condition challenges. For example, while today’s lubricants must counter the corrosion caused by sulphuric acid in cylinders—the result of sulphur in fuel—new fuels will form different acids. New lubricant formulations will therefore be needed to tackle any challenges that arise.

Ian Bown, technical manager – marine diesel engine oils, with Lubrizol, adds: “We are talking with engine manufacturers to understand the challenges that new fuels might bring. This will help us to evaluate the type of additive chemistry required in the future. But to gain more understanding we need in-service testing, which depends on the availability of ships operating on the relevant fuels.”

Lubrizol’s wider approach to sustainability aims to reduce both the environmental impact of making its products and the impact of the products themselves. It takes a lifecycle analysis approach to sustainability decisions in order to identify genuine opportunities to reduce its impact and prevent shifting the environmental burden from one product, process or phase to another.

“We are excited about the important work the coalition is doing and look forward to working together to help the shipping industry achieve its emissions goals by 2030,” says Tarrant.

© 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.