Category Archives: Insurance

Berkshire Hathaway Specialty Insurance Appoints Team to Lead Entrance Into Executive & Professional Lines in France

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Berkshire Hathaway Specialty Insurance is entering the Executive & Professional Lines market in France and has appointed Olivier Hamon as Head of Financial Institutions and Management Liabilities and Alice Batchili as Professional Indemnity Manager.

Olivier and Alice will spearhead BHSI’s launch of a full range of products in France, including D&O Liability, Financial Institutions D&O Liability, Professional Indemnity, Employment Practices Liability, Crime, and Cyber Insurance, with an initial focus on Corporate and Upper Middle Market risks.

“Unencumbered by legacy liabilities, and committed to disciplined risk underwriting, BHSI is well positioned to provide companies across France with stable and sustainable Executive & Professional Lines solutions,” said François-Xavier d’Huart, Country Manager, France, BHSI. “Olivier and Alice bring to BHSI extensive experience and the excellent capabilities and character that are a hallmark of BHSI’s global team. We are pleased to have them building our Executive & Professional Lines portfolio and our team in France.”

Olivier has more than 12 years of insurance and financial industry experience, with a focus on Financial Lines for commercial and financial institutions in France. Earlier in his career he was a Financial Analyst at Coface Holding. He earned a bachelor’s degree in Economics, with Honors, from University of Paris, Panthéon-Sorbonne, and a master’s in Finance from University Paris Panthéon Assas.

Alice comes to BHSI with more than 15 years of industry experience, spanning both the insurance and brokerage sides of the business, and extensive expertise in both Professional Indemnity and Cyber Insurance. She holds a master’s degree in International Management of Insurance from Ecole Supérieure d’Assurance.
Both Olivier and Alice will be based in BHSI’s office in Paris.

© 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.

Berkshire Hathaway GUARD Launches Commercial Package Coverage in Illinois

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Berkshire Hathaway GUARD Insurance Companies recently announced it added Illinois to the list of states where the insurer offers its Commercial Package Policy.

The product includes Commercial Property featuring limits up to $120 million per location (higher limits considered), with an enhanced causes of loss form, including built-in equipment breakdown, crime coverages as well as broad inland marine coverages; General Liability with aggregate limits up to $6 million; and Commercial Umbrella for added protection.

“As we continue to expand our portfolio, our goal is to be the preferred insurance carrier our agents turn to for their insureds. We continue to supply our network of independent agents with quality products that enable them to grow,” said Sy Foguel, Berkshire Hathaway GUARD CEO. “Geared toward larger insureds, our CPP product complements our Businessowner’s Policy offering.”

Illinois is the fourth state where GUARD’s Commercial Package is available, after rollouts in Pennsylvania and New Jersey in 2019 and Michigan earlier this year. Availability in more states is expected soon.

“What sets our Commercial Package apart, among other things, is how we enhance our base coverages with a wide range of add-ons, limit options and access to both proprietary and industry specific endorsements,” says Lyle Hitt, Chief Insurance Officer of Property and Casualty Insurance. “We take a customized approach to expanding the limits and scope of traditional property and casualty insurance.”

Berkshire Hathaway GUARD’s Commercial Package product is designed to address the insurance needs of larger, more complex operations with multiple exposures. Initial target markets include light-to-medium manufacturing, wholesalers and distributors, large offices/habitational buildings, truck stops/travel plazas, resort hotels, and country clubs/golf courses.

Discounts are available when seeking quotes for two or more additional applicable lines, like Worker’s Compensation or Commercial Auto.

Berkshire Hathaway GUARD Insurance Companies is a property and casualty insurance specialist writing $2 billion in premium nationwide. GUARD offers a variety of products for both commercial and personal lines of insurance. Berkshire Hathaway GUARD Insurance Companies maintains a total of eight offices throughout the country.

© 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.

GEICO Making Hiring Push in Macon

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GEICO is adding to its robust workforce in Macon, Georgia, by adding 500 new associates by the end of the year.

There are immediate openings for Customer Service Representatives, Sales Representatives, Claims Service Representatives, Title Processing Specialists and Emergency Roadside Service Representatives with competitive salaries and GEICO’s Total Rewards benefits package, which includes health, dental and vision coverage, paid vacation and holidays, parental leave, continuing education and tuition reimbursement.

The Management Development Program is also seeking ambitious recent college graduates.

“There are more than 7,000 associates in our GEICO family here in Macon, and we are happy to see our family growing as we continue to go above and beyond to serve our customers,” Regional Vice President Frankie Silva said. “We are incredibly proud and fortunate to be able to offer career opportunities at a time when so many people are looking to get back on their feet.”

A member of the Berkshire Hathaway family of companies, GEICO is a stable company that was founded more than 80 years ago and has steadily risen to become the nation’s second-largest auto insurer. GEICO is a promote-from-within company that offers career growth, a supportive environment and many community engagement opportunities.

© 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 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.

MedPro Group Appoints Rhonda Buege President of International Division

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Berkshire Hathaway’s MedPro Group, a global healthcare liability insurer, has appointed Rhonda Buege as President, MedPro International, effective October 19, 2020.

Based in London, Buege will lead MedPro’s efforts outside the United States to expand its growing global healthcare liability business on both company and Lloyd’s paper.

“Rhonda is a terrific addition to our existing MedPro International team, and will help bring our industry-leading solutions and service to even more healthcare providers outside the USA,” said Tim Kenesey, MedPro Group CEO. “She is a recognized leader in the London insurance market, and her experience and customer focus have earned the respect of clients, distribution partners and competitors.”

“I am absolutely delighted to join MedPro,” said Buege. “The opportunity to join the leadership team of a company focused on the healthcare sector is really exciting. I also look forward to becoming part of the larger Berkshire Hathaway family of companies, especially with its financial strength, long-term outlook, and focus on integrity.”

Before assuming her new leadership role at MedPro, Buege held a series of increasingly significant underwriting and management positions with a global insurance carrier. Working in London since 2007, she has focused on healthcare and life sciences throughout her insurance career of more than two decades.

© 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.

Berkshire Hathaway Specialty Insurance Appoints Dr. Carsten Keune as Head of Executive & Professional Lines in Germany

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Berkshire Hathaway Specialty Insurance has appointed Dr. Carsten Keune as Head of Executive & Professional Lines in Germany.

“Carsten comes to BHSI with decades of experience in the global insurance industry. Under his leadership, we look forward to expanding our Executive & Professional Lines portfolio and our team, and bringing more customers across Germany BHSI’s broad range of financial lines solutions, backed by our financial strength and excellent service,” said Andreas Krause, Country Manager, Germany, BHSI.

Carsten has more than twenty years of industry experience. He was most recently Head of Global Commercial Lines Underwriting at ERGO. Before that, he was Underwriting Director Europe, Middle East and Africa at XL Catlin in Germany. He holds a law degree from Rheinische Friedrich-Wilhelms-Universität in Bonn.

BHSI in Germany offers a wide range of insurance solutions for Financial Lines Business including Commercial D&O and Public Offering of Securities Insurance (POSI), Financial Institutions D&O and Professional Indemnity, and adjacent lines of business to corporate customers in Germany, Switzerland and Austria.

© 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.

Berkshire Hathaway Specialty Insurance Appoints Property Leadership in Middle East & Asia

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Berkshire Hathaway Specialty Insurance Berkshire Hathaway Specialty Insurance has appointed Kapil Palathinkal as Head of First Party Lines, Middle East, and Carlos Beltran as Head of First Party Lines, Asia, overseeing General Property, Energy and Construction.

“We are pleased to round out our regional property leadership with the promotions of Kapil and Carlos, two experienced leaders who will further build on their valuable contributions to BHSI and our customers,” said Marc Breuil, Head of Asia Middle East, BHSI. “Along with our financial strength, underwriting acumen, and CLAIMS IS OUR PRODUCT philosophy, BHSI offers customers the advantage of a consistent, stable approach to energy, construction and general property risks worldwide.”

Kapil, who is based in Dubai, joined BHSI in 2018 as Head of Energy & Construction. He has more than a decade of experience with construction, energy and engineered risks and is trained as a chemical engineer.

Carlos, who has more than two decades of industry experience, came to BHSI in 2018 as Head of General Property for the Middle East. In his new role, he will be based in Singapore.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, 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.

Berkshire Hathaway GUARD Expands Homeowners Coverage to Missouri, Washington, and Wisconsin

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Berkshire Hathaway GUARD Insurance Companies, a property and casualty insurance specialist writing $2 billion in premium nationwide, recently announced it has added Missouri, Washington, and Wisconsin to the list of states where the insurer offers its Homeowners product.

“Our goal is to become a ‘One Stop Shop’ for our agents and their insureds,” said Sy Foguel, Berkshire Hathaway GUARD CEO. “We continue to expand our portfolio to supply our network of independent agents with quality products that enable them to grow. With these three states, we now offer our Personal Lines products in 15 states with plans for further expansion in the months ahead.”

Senior VP of Personal Lines Dovid Tkatch explains that “We are very pleased with the results we’ve already experienced in our previous states, and we fully expect to see that trend continue. Our success can be attributed to Berkshire Hathaway GUARD providing a quality, easily understood product along with a high level of service to both agents and policyholders.”

GUARD’s insurance product targets dwellings valued over $75,000 and includes one- to four-family residences, renters, and condo units (both owner-occupied and those held for rental). Tkatch explains, “By mixing and matching policy forms, endorsements, and optional coverages aimed at broader protection, policyholders can obtain property insurance suited to their circumstances. A Personal Umbrella with limits up to $5,000,000 is also available.”

According to GUARD’s spokesperson and Assistant Vice President of Marketing Elizabeth Hartman, “We believe we can provide a great service to agents that write both commercial and personal accounts. We feature a competitively priced product with a variety of available discounts, including one for insureds who have commercial policies with GUARD. We also believe certain aspects of our underwriting appetite are unique and will appeal to producers anxious to cross-sell and achieve a greater client share.”

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, 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.

GenStar and Lockton Affinity Launch Architects and Engineers Liability Program

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Berkshire Hathaway’s GenStar, a wholly owned subsidiary of General Reinsurance Corporation, has launched its Architects and Engineers program with Lockton Affinity.

GenStar President and CEO Marty Hacala commented, “GenStar is pleased to associate with Lockton Affinity. They are insurance specialists with a proven history of understanding the risks of architects and engineers.”

The GenStar and Lockton Affinity Architects and Engineers Professional Liability program protects architecture, civil engineering, construction management, design build, electrical engineering, HVAC engineering, interior design, landscape architecture, mechanical engineering and surveying professionals. Liability limits up to $2,000,000 will be available on a claims-made basis. Professionals will receive complimentary risk management and contract review assistance, as well as disabled partner replacement.

“Industry professionals will receive comprehensive coverage. Architects and engineers can request a price indication for this new, customized offering, typically in several minutes or fewer,” said Jeff Severino, Producer at Lockton Affinity.

The program is available in the following ten states: AZ, IL, KY, MI, MN, NM, NV, SC, TX, and WY.

The GenStar and Lockton Affinity Architect and Engineer Professional Liability program will be written on an admitted basis by GenStar’s General Star National Insurance Company (GSN), which is rated A++ (Superior) by A.M. Best Rating Services, Inc. and carries an AA+ Insurance Financial Strength Rating from S&P’s Global Ratings.

© 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.

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.

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.