(BRK.A), (BRK.B)
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.