(BRK.A), (BRK.B)
Berkshire Hathaway Specialty Insurance Company (BHSI) has received a license from Labuan FSA to provide non-life reinsurance to the Malaysian market.
The company also established a new office in Kuala Lumpur and named Gaithrie Nandrajog as Branch Manager and Koo Kang Wuu as Executive & Professional Lines and Business Development Manager in Malaysia.
After putting down roots in Singapore, Hong Kong, and Macau, we are pleased to further expand our operations in Asia and bring facultative reinsurance capacity and new products with the backing of our strong balance sheet to selected Malaysian insurance partners,” said Marc Breuil, President, Asia, BHSI. “With the opening of our Malaysian office, we continue to deepen our underwriting and claims capabilities in the region.”
Gaithrie, who will oversee BHSI’s new Malaysian reinsurance operation, holds a bachelor’s degree in law from the University of West England, Bristol. Koo holds an MBA from RMIT University plus a B. A. (Hons) from the University of Hertfordshire (UK). Both come to BHSI with more than a decade of experience in the Malaysian insurance industry.
© 2017 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.