(BRK.A), (BRK.B)
Berkshire Hathaway Specialty Insurance Company (BHSI) has received a license to provide insurance and reinsurance in Macau, and has filled key positions in its newly established Macau office.
“It is a very interesting time in Macau, with continued diversification of the territory’s economic profile,” said Marc Breuil, President, Asia, BHSI. “We are pleased to expand our Asian footprint and bring to Macau local knowledge and expertise along with BHSI’s unique balance sheet and financial strength.”
Beginning immediately, BHSI Macau will be providing commercial property, energy, construction, terrorism, casualty, executive and professional lines, surety, accident and health, and marine insurance.
The addition of the Macau office expands BHSI’s regional presence in Asia, which already includes the insurance hubs in Hong Kong and Singapore.
The company named Yasmin Chan as Branch Manager, and Ivory Chong as Underwriting Manager, in Macau. Yasmin comes to BHSI with 20 years of experience in the Macau insurance and reinsurance market. She holds a Bachelor in Business Administration degree from the University of Macau.
Ivory joins BHSI with more than 15 years of industry experience, including more than a decade in the Macau market. She holds a Bachelor of Science degree in Economic Law from Shanghai Jiao Tong University.
© 2016 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.