Category: Berkshire Hathaway Specialty Insurance

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance (BHSI) has entered the surety market in Spain and appointed Jesús Barbero to lead the product line as Head of Surety.

“We are excited to lead BHSI’s entry into the European surety market,” said Constanza Gállegos, Country Manager, BHSI in Spain. “By bringing BHSI’s long-view commitment, credit rating and financial strength to the surety market in Spain, we are answering an expressed need of our customers and brokers.”

BHSI will build and provide different surety solutions for a variety of projects and risks in Spain.

Jesús has more than 20 years of experience specializing in surety bonds. Jesús most recently spent 15 years leading surety at another major insurer. He is based in Madrid.

© 2024 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 (BHSI) has expanded its reach into the Nordic countries with the opening of a new office in Stockholm. The company has appointed Anna Green as Head of Nordics, Karin Bryner as Head of Executive & Professional Lines, and Anton Holmgren as Head of General Property for the region.

Andreas Krause, Head of DACH at BHSI, highlighted the significance of this expansion as a continuation of BHSI’s global growth. “We will continue to expand our local team and capabilities, and look forward to bringing the certainty of BHSI’s financial strength, underwriting acumen, and ‘CLAIMS IS OUR PRODUCT’ philosophy to customers and distribution partners throughout Sweden, Denmark, Norway, and Finland,” he said.

Effective immediately, BHSI’s Nordic office is underwriting Executive & Professional Lines, General Property, Energy, and Construction.

Anna Green, with over 20 years of industry experience spanning the Nordics, Europe, the UK, and the Asia Pacific region, expressed enthusiasm about the launch. “We look forward to building a strong team in the Nordics and bringing BHSI’s commitment to excellent technical underwriting and highly responsive service to the market. We have already had great response from brokers and customers,” she said.

Green was most recently the CEO of the Sweden Branch of another global insurer and has deep expertise in Specialty and Environmental underwriting. She is based in Stockholm.

© 2024 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 (BHSI) has announced the promotion of Amy Bowman to the position of Head of Multinational. Bowman, previously serving as Vice President of Multinational, brings over two decades of experience as an attorney and insurance leader to her new role.

In her previous roles at BHSI, Bowman demonstrated her capabilities in various capacities. Joining the company in 2014 as Counsel for Executive & Professional, Healthcare, and Small Commercial Business, she quickly rose through the ranks. Bowman later assumed the role of Assistant Vice President of Transactional Liability, where she spearheaded the establishment and growth of BHSI’s Transactional Liability business in the U.S.

Her journey within BHSI continued as she took on increasingly strategic roles. As Assistant Vice President and subsequently Vice President of Multinational, Bowman played a central role in developing and expanding BHSI’s multinational network and capabilities. Her efforts have contributed significantly to BHSI’s presence in 178 countries worldwide.

Hilary Browne, Deputy Global Chief Underwriting Officer at BHSI, emphasized Bowman’s instrumental role in building a robust global network aligned with BHSI’s commitment to excellence. Browne stated, “Amy played a pivotal role in building our strong global network with likeminded partners who share our commitment to excellence. She is the perfect individual to lead our multinational business, and our multinational team, to the next level.”

Bowman’s promotion underscores BHSI’s commitment to nurturing talent from within its ranks and recognizing individuals who demonstrate exceptional leadership and industry expertise. Her extensive experience and track record of success position her well to lead BHSI’s multinational business into the future.

Bowman remains based in Boston, reflecting BHSI’s global reach and decentralized operational model. Her leadership will undoubtedly continue to drive growth and innovation within BHSI’s multinational division, further solidifying its position as a leading provider of insurance solutions on the global stage.

© 2024 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 (BHSI) has bolstered its global Transactional Liability team with the addition of Chres Lee as Head of Transactional Liability in Canada, the company has announced.

Michael Brooks, Head of Transactional Liability, North America, expressed the significance of this move, stating, “With this latest appointment, we continue to strengthen our Transactional Liability team and capabilities around the globe. Chres has deep M&A expertise, strong market relationships, and shares BHSI’s commitment to ensuring excellent service for our customers and brokers throughout Canada.”

Lee brings a wealth of experience to her new role, having served as M&A Underwriting Counsel at another major insurer prior to joining BHSI. Before that, she spent eight years practicing M&A law at two leading Canadian law firms. Based in Ontario, Canada, Lee is poised to contribute significantly to BHSI’s presence and operations in the Canadian market.

This expansion underscores BHSI’s dedication to providing top-notch services and expertise in transactional liability insurance, reinforcing its position as a trusted partner for clients and brokers worldwide.

© 2024 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 recently implemented significant enhancements to its multinational capabilities, marking a strategic move to better meet the evolving needs of its global clientele.

Under the leadership of David Valzania, Head of Multinational at BHSI, the company has expanded its reach by bolstering its partner network, augmenting its internal team of multinational experts, introducing new multinational products, and integrating a cutting-edge technology platform to elevate service standards.

BHSI has grown its partner network extensively, enabling the provision of BHSI-level service in an impressive 178 countries. The internal team of multinational experts has also seen expansion, with dedicated professionals now operating in 13 cities worldwide. Notably, BHSI has diversified its multinational capabilities to now include surety bonds, further enriching its portfolio to address diverse client requirements.

A pivotal advancement in BHSI’s technological landscape is the adoption of WorldLink, a comprehensive digital solution designed for managing and servicing multinational program business. This innovative platform has significantly enhanced workflow efficiency by unlocking bandwidth and ensuring scalability throughout the organization. Remarkably, BHSI now conducts 95% of its multinational business transactions through WorldLink.

Collaborating with London-based insurtech ChainThat, BHSI leveraged the Beyond Multinational Programs platform to conceptualize and develop the WorldLink solution. The distributed ledger-centric nature of ChainThat’s platform contributes to consistency, compliance, and transparency in multinational transactions.

According to David Valzania, this collaboration empowers BHSI to seamlessly coordinate and collaborate across local underwriters, producing offices, and network partners, streamlining the execution of multinational programs.

In essence, these enhancements underscore BHSI’s commitment to delivering best-in-class multinational programs and services. The strategic expansion of its capabilities positions the company at the forefront of the industry, ready to cater to the dynamic and evolving needs of its global customer base and distribution partners.

© 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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Berkshire Hathaway Specialty Insurance has promoted Jeff Jubera to Head of Surety Claims. He was previously Vice President, Surety Claims, at BHSI.

Jeff joined BHSI as Vice President in 2021 and has more than two decades of surety claims and litigation experience. Prior to BHSI, he was Vice President, Surety Claims, at Intact Insurance Company. During his career he has both developed and managed surety claim operations and served as General Counsel.

© 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.

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has named Ana Fuertes as Head of Energy and Construction in Spain.

“Energy and construction are among the most dynamic and vital sectors in Spain, and we are committed to being a long-term partner to the energy industry, including the burgeoning renewables sector, and to infrastructure and other major construction projects across Spain,” said Tomás Blas, Head of Property, Spain, BHSI. “I’m so pleased to have Ana leading our efforts, bringing BHSI’s solutions-focus to these sectors and enabling customers to seize opportunities with the assurance of stable protection in place.”

Ana comes to BHSI with 20 years of insurance industry experience. Her career has included several leadership roles in construction, energy and technical lines at other global insurers in Spain.

In Spain, BHSI underwrites single projects as well as annual contractor works and can provide CAT-only capacity for construction customers. Coverages for energy and power generation customers include all risk property damage and business interruption, machinery breakdown, and property CAT insurance.

Ana is based in Madrid.

© 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.

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has named Edwin Sim as Vice President and Head of Executive & Professional Lines in Singapore.

“Our Executive & Professional Lines capabilities continue to expand in Singapore and throughout Asia. Edwin has been integral to this expansion, while also delivering BHSI holistically, with multi-line solutions and multinational programs, to our customers and brokers throughout the region,” said Scotland Walsh-Riddle, Regional Head of Executive & Professional Lines, Asia, BHSI. “I look forward to working with Edwin and our stellar Singapore team to bring our expansive, simply worded policies and customized Executive & Professional Lines capacity to the marketplace.”

Edwin joined BHSI in 2017 as Assistant Vice President, Executive & Professional Lines in Singapore, and was promoted to Vice President, Executive & Professional Lines in Singapore in 2020. He has more than 25 years of industry experience focused on financial lines. Edwin continues to be based in Singapore.

© 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.

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance has named Louis Bidmead as Head of Transactional Liability Insurance for Asia and the Middle East. In this role he will work with BHSI’s global transactional liability team to provide BHSI’s comprehensive line of coverages to manage the risks of mergers, acquisitions, and other corporate transactions. He will report to Scotland Walsh-Riddle, Head of Executive & Professional Liability for Asia, BHSI.

“BHSI continues to expand our transactional liability portfolio in Singapore and throughout Asia and the Middle East,” said Scotland. “Louis has extensive knowledge of the intricacies of M&A transactions, and I am excited to have him leading our team as we deliver tailored and timely solutions for customers.”

Louis comes to BHSI with 14 years of experience as both a lawyer specializing in M&A transactions and corporate advisory at major law firms and as a senior underwriter, providing warranty & indemnity insurance solutions at a global insurer. He is based in Singapore.

© 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.