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Appointments

Berkshire Hathaway Specialty Insurance Ups Two Execs to Regional Leaders for Europe and the Middle East

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance (BHSI) has announced two key appointments to its leadership team. Alessandro Cerase has been appointed as President & Head of Europe Region, while Neeraj Yadvendu has been named Head of Middle East.

Alessandro joined BHSI in 2018 as Senior Executive Officer for BHSI Middle East and has more than 25 years of experience in the global insurance industry. He led the launch of BHSI’s business in the region and was subsequently named Global Property Underwriter Officer for Construction & Energy in 2020. Alessandro will continue to be based in Dubai and report to Peter Eastwood, BHSI’s President and CEO.

Neeraj, who has over 26 years of global insurance industry experience, joined BHSI in 2018 as Deputy Senior Executive Officer and Head of Third Party Lines in the Middle East. He has been instrumental in BHSI’s growth in the region and will now also take on the role of Senior Executive Officer of the Dubai International Financial Centre Branch, subject to regulatory approval. Neeraj will continue to be based in Dubai and report to Marc Breuil, Head of Asia Middle East, BHSI.

BHSI has been steadily expanding its operations around the world and has experienced accelerated growth in its Europe and Middle East regions. The company’s President and CEO, Peter Eastwood, expressed confidence in the new appointments, saying, “We are excited to have Alessandro and Neeraj in these key leadership roles as we continue to strategically expand our presence in these important regions.”

© 2023 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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Appointments

Berkshire Hathaway Specialty Insurance Names Three Claims Execs in Germany

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance Berkshire Hathaway Specialty Insurance (BHSI) has announced that it has named three executives to claims leadership roles in Germany.

Sandra Leyendecker has been promoted to Head of Casualty Claims. She joined BHSI in 2022 as Senior Casualty Claims Examiner, bringing more than 20 years of industry experience to the role.

Ingo Lorber joins BHSI as Head of Property Claims. He has nearly 30 years of industry experience, most recently customizing claims handling for major claims at another global insurer.

Michael Brobach has been named Head of Executive & Professional Lines Claims. He comes to BHSI from another global insurer where he held increasingly senior positions managing financial lines claims for nearly 15 years.

“Sandra has been an invaluable asset to BHSI and our customers, embodying our CLAIMS IS OUR PRODUCT® philosophy to ensure excellent service to customers and brokers throughout the DACH region and around the globe. With the addition of Ingo and Michael, we have in place exceptional claims leaders who will further elevate our claims teams and the service and certainty we bring to customers,” said Andreas Krause, Head of DACH, BHSI.

All three leaders will be based in Cologne.

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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Appointments

Berkshire’s Intero Names New President

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Intero, Berkshire Hathaway’s wholly owned subsidiary of HomeServices of America, Inc., has announced that Scott Chase has been named president of the company and Terry Meyer has been promoted to the role of chief operating officer.

“At Intero, we are constantly evolving to optimize the talents and skills of our seasoned leaders, and to stay ahead of the competition,” said Brian Crane, CEO. “The depth and breadth of our collective senior executive experience sets a high bar and allows us to meet the needs of our agents and clients no matter what the market is doing.”

Scott Chase has been promoted to president from his previous role of COO, a position he held for the last two years.

Chase joined Intero in November of 2018 after a successful stint as regional sales manager at Opes Advisors. During his four years with Intero, Chase contributed to the company’s continued success with his business philosophy focused on planning and continuous improvement in skills, systems, and teams. In addition to his new role as President, he will continue to manage the Los Altos and Menlo Park offices and report directly to CEO Brian Crane. Chase will bring attention to growing revenue and agent differentiation through innovative partnerships, products, and services; in addition, he will be responsible for the company’s growth through Acquisitions, Tuck-Ins and Franchising.

“When agents come to Intero, they come to learn from the best in the business,” said Chase. “Intero as a whole, leverages collaboration, creativity and years of experience to establish a unique culture of specialized education and agent expertise that cannot be found anywhere else.”

Terry Meyer has been promoted to COO and will combine this with his continuing leadership roles as managing officer of Intero’s Los Gatos office and general manager of Intero’s Commercial Division.

Intero serves Northern California and Nevada with 20 offices throughout the greater Silicon Valley, San Francisco, Calaveras County, Western Nevada, and the Greater Lake Tahoe Region. The Intero Franchise network comprises 33 affiliates located in California, Nevada, Tennessee, and Texas. The company is headquartered in the heart of California’s Silicon Valley.

© 2023 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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Appointments

Berkshire Hathaway Specialty Insurance Names Craig Taylor Regional Head of Property, Australia & New Zealand

BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has promoted Craig Taylor to the expanded role of Regional Head of Property, Australia & New Zealand.

“BHSI continues to grow our Technical Lines, Corporate and Mid-market books throughout Australia and New Zealand,” said Mark Lingafelter, Head of Australasia, BHSI. “Over the last 7 years, Craig has led the development of our Property and Risk Engineering team in Australia, and developed a strong reputation for exceptional service and technical capability with our customers and brokers. Craig will now take on a wider role, leading our New Zealand and Australian Property and Risk Engineering teams. We believe Berkshire brings unique capabilities to the market, and we are excited about the opportunity to further develop our Property business across the region.”

Craig joined BHSI in 2015 as Head of Property for Australia and will retain that role in addition to his new position. He started his career in New Zealand and brings more than 25 years of property underwriting experience to this role. Craig will continue to be based in Sydney.

© 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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Appointments Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance Promotes Two in Ireland

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Berkshire Hathaway Specialty Insurance has announced a pair of promotions in Ireland: Shane O’Neill has been named Head of Property, while Ciaran Reddin has been appointed Head of Professional Indemnity and Cyber.

“Shane and Ciaran have played pivotal roles in building our portfolio and bringing BHSI’s values, bespoke solutions and excellent service to our customers and broker partners in Ireland,” said Louise Kidd, Country Manager, Ireland, BHSI. “I am pleased to recognize their contributions with these promotions. In their new leadership roles, they will further elevate our service and solutions and advance our growing and talented teams in Ireland.”

Shane joined BHSI in 2019 as Senior Property Underwriter and has 20 years of industry experience. Ciaran has nearly a decade of industry experience. He joined BHSI in 2019 as Senior Professional Indemnity Underwriter, Executive & Professional Lines.

Both Shane and Ciaran will continue to be based in BHSI’s office in Dublin.

© 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.

Categories
Appointments

Berkshire Hathaway Specialty Insurance Promotes Mohammed Hannoun to Head of Casualty, Middle East

Berkshire Hathaway Specialty Insurance has named Mohammed Hannoun Head of Casualty for the Middle East, based in Dubai.

“Mohammed has played a pivotal role in building up BHSI’s casualty capabilities in Middle East since we started the Dubai operations in 2018. His extensive experience in the region, especially in driving the growth of our medical malpractice and Defense Base Act (DBA) offerings, will be essential in positioning BHSI as the go-to carrier for casualty lines in the Middle East,” said Neeraj Yadvendu, Head of Third Party Lines at BHSI in Dubai.

Mohammed, who has more than 12 years of industry experience in the region, joined the BHSI Dubai team in 2018 as a senior casualty underwriter. He takes the reins of BHSI’s Middle East Casualty portfolio from Emir Erdur, who has transitioned to the casualty underwriting team at BHSI UK.

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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Appointments Berkshire Hathaway Specialty Insurance

Kathy Reid Named Head of Casualty, North America, at Berkshire Hathaway Specialty Insurance

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Berkshire Hathaway Specialty Insurance has promoted Kathy Reid to Head of Casualty, North America.

“Kathy has been a major driver of BHSI’s growth in the casualty marketplace since our very beginning,” said Sanjay Godhwani, President, North America Region, BHSI. “She embodies the excellent capabilities and strong character that define our team around the globe, and I am pleased to have her in this leadership role where she can have an even greater impact as a leader to our teammates and a partner to our customers and brokers.”

Kathy has more than 25 years of insurance industry experience. She has been Senior Vice President at BHSI since 2013.

© 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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Appointments Berkshire Hathaway HomeServices

Berkshire Hathaway HomeServices New York Properties Plans “Explosive Growth” and Appoints New Leadership

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A newly appointed New York City-based leadership team will oversee Berkshire Hathaway HomeServices New York Properties’ “explosive growth” across the city, inclusive of exponential agent count and new office locations on the Upper West Side, Downtown Manhattan and in Brooklyn, with more to follow.

Steven James will serve as the New York City brokerage’s president & CEO; Brad Loe has been appointed executive vice president, director of sales. The pair will work alongside Candace Adams, president & CEO of Berkshire Hathaway HomeServices New England/New York/Hudson Valley Properties, and Diane Ramirez, the New York City brokerage’s chief strategy officer – who joined the executive team at the end of last year – to form the company’s leadership team. Adams will continue overseeing all three brokerages (New England/New York/Hudson Valley Properties), while James, Loe and Ramirez will govern the company’s New York City operations.

“With Steven, Brad, and Diane at the helm, BHHSNYP will expand strategically across New York City while creating a productive, inclusive, and professional work environment that also focuses on personal growth and mentorship,” said Adams. “Our goal is to be the absolute best brokerage in New York, knowing that we are leveraging the venerable Berkshire Hathaway brand.”

“No other firm in New York has this caliber of experienced, proven leadership, coupled with the backing of Berkshire Hathaway,” continued Adams. “Berkshire Hathaway HomeServices marries the local, national, and global real estate markets for its clients.”

Berkshire Hathaway HomeServices New England Properties/New York Properties/Hudson Valley Properties is a leading real estate brokerage firm with more than 2,200 REALTORS® in Connecticut, Rhode Island, Manhattan, Westchester, NY, and Hudson Valley, NY.

“This is the right moment…the right brand,” said James. “To be able to create a new platform that addresses what agents do on a day-to-day basis is incomparable. Agents get lost in the shuffle at big companies — or their achievements go unrecognized. Berkshire Hathaway HomeServices diligently works to be particularly agent centric. We are the ideal brokerage for agents who may have long-term concerns about the stability of their career trajectories. Through our work here, we want to be advocates and sounding boards for these individuals, maintaining an open-door policy that fosters growth as well as greatness.”

James and Loe most recently served as executive directors of brokerage development for HomeServices of America, the parent company of the Berkshire Hathaway HomeServices franchise network.

Prior to those roles, James was president and CEO of Douglas Elliman’s New York City brokerage and director of sales for its East Side office. Loe, highly respected as a mentor to his agents for nearly two decades, was executive manager of sales at Douglas Elliman’s 1995 Broadway and 575 Madison Avenue offices.
James and Loe most recently served as executive directors of brokerage development for HomeServices of America, the parent company of the Berkshire Hathaway HomeServices franchise network.

Prior to those roles, James was president and CEO of Douglas Elliman’s New York City brokerage and director of sales for its East Side office. Loe, highly respected as a mentor to his agents for nearly two decades, was executive manager of sales at Douglas Elliman’s 1995 Broadway and 575 Madison Avenue offices.

Just last month, the firm signed a new, seven-year lease for its offices at 590 Madison Ave., almost doubling the size of its current space. James, Loe and Ramirez will work out of this office, effective immediately.

© 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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Appointments Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance Promotes Two to Key Leadership Roles

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Berkshire Hathaway Specialty Insurance has promoted Sanjay Godhwani to President, North America Region, and David Bresnahan has been promoted to Global Chief Operating Officer.

“Sanjay and Dave have been pivotal in the building of BHSI since our launch in 2013, helping to build our product lines, our talented team and our positive culture,” said Peter Eastwood, President and CEO, BHSI. “In their new roles, they will have a continued positive impact on our team and our ability to bring certainty and service excellence to our customers and distribution partners around the globe.”

Sanjay will be responsible for all North America Region underwriting and underwriting support groups, customer & broker engagement, and BHSI’s Global Catastrophe Engineering & Analytics group. Sanjay has more than 25 years of industry experience and is a fellow of the Casualty Actuarial Society. He continues to be based in Boston.

Dave has more than three decades of insurance industry experience. In his new role he will oversee real estate and administration, finance, audit, information technology and operations throughout BHSI’s global platform. He continues to be based in Boston.

© 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 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 Lubrizol

Chris Brown Out, Lubrizol Names Rinehart Interim President & CEO

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Berkshire Hathaway’s The Lubrizol Corporation has appointed Mary Rhinehart as president and CEO on an interim basis, effective immediately.

Rhinehart currently serves as the chair of Lubrizol’s board. She succeeds Chris Brown, who joined Lubrizol in 2021 to help the company with important work around safety and operational excellence.

Rhinehart also serves as board chair of Berkshire Hathaway’s Johns Manville, a global building and specialty products manufacturer. She became Johns Manville’s president and CEO in 2012 and assumed the additional role of chair in 2014. Prior to these roles, she was the company’s chief financial officer for eight years. During her more than 40 years with Johns Manville, she held leadership roles in treasury, supply chain, mergers and acquisitions, and human resources. She also managed several of the company’s business units.

Rhinehart will lead the search and selection process for a new CEO and will continue to serve as Lubrizol’s board chair.

“It is an honor to serve in this role for a company with such a rich heritage as a leader in the chemical industry,” Rhinehart said. “I look forward to working alongside Lubrizol’s dedicated employees to continue to deliver value for our customers and support our communities.”

© 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.