Tag: Berkshire Hathaway Specialty Insurance

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Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Kristina Målarbo as the new Head of Claims for the Nordics.

Anna Green, Head of Nordics at BHSI, emphasized the company’s “Claims is our product” philosophy, noting that it sets BHSI apart from competitors and enhances service for customers and brokers. She expressed excitement about Kristina joining the team to strengthen their claims operations in the region.

Kristina brings 25 years of experience in managing commercial and multinational insurance claims at global firms. Based in Stockholm, she will lead BHSI’s local claims team and support its growth in the Nordics.

Earlier this year, BHSI expanded into the Nordic market, offering a range of insurance solutions, including property, casualty, executive & professional lines, construction, and multinational programs.

© 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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BHSI has named Caroline Alder-Smurthwaite to its Global Underwriting Office for Casualty & Healthcare, while promoting Charlotte Behar to succeed her as Head of Casualty in the UK.

Hilary Browne, Deputy Global Chief Underwriting Officer at BHSI, praised Caroline’s leadership in steering the UK casualty business, ensuring consistency and stability for clients. In her new global role, Caroline will collaborate with BHSI’s underwriting leaders worldwide to align global strategies with local market needs.

Charlotte Behar, bringing strong financial and underwriting expertise, will ensure a seamless transition as she steps into her new role.

Nick Major, UK Country Manager at BHSI, highlighted the company’s focus on cultivating internal talent, saying these promotions reflect their commitment to long-term relationships and a strong leadership pipeline. Caroline, who joined BHSI in 2021, brings 25 years of industry experience and will remain based in London.

© 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 opened an office in Milan and named Leonardo Castrichino to oversee its business in Italy as Country Manager, along with several additional leadership appointments.

“Since opening our first European offices in 2016, BHSI has been growing thoughtfully and strategically across the region, always with an eye on bringing sustainable, long-term solutions to the marketplace,” said Alessandro Cerase, Head of Europe, BHSI. “We are pleased to now expand into Italy with Leo leading our business, building a team with exceptional talent, and bringing the BHSI brand, balance sheet, and service to the marketplace.”

Leo comes to BHSI with nearly three decades of experience in the European insurance market, where he has held numerous country and regional level leadership positions and amassed deep knowledge across multiple commercial lines and business segments. He was most recently Chief Operating Officer for the Europe, Middle East and Africa Region (EMEA) at another insurer.

© 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 key leadership appointments in Canada as part of its continued growth in the region. Andrew Knight has been named Country Manager, while Amanda Sorsak has been appointed Head of Claims, and Paul Emerson will serve as Head of Customer & Broker Engagement.

Sanjay Godhwani, Head of North America at BHSI, praised the company’s growth in Canada, crediting the brand’s strength and the expertise of its team. “Andrew, Amanda, and Paul have been instrumental in our success, and their new roles will help us further enhance our offerings and relationships with customers and brokers,” he said.

Andrew Knight, who joined BHSI in 2016, will continue to lead the Executive & Professional Lines division while also overseeing BHSI’s expansion into new markets and product lines across Canada. Based in Toronto, Knight brings over 20 years of industry experience to his expanded role.

© 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 promoted Theresa Biedermann to Senior Vice President, Head of Commercial Lines (Public) and Financial Institutions Claims for Executive & Professional Lines Claims in the U.S.

“At BHSI, we believe claims are our core product, and that mindset drives us to achieve the best outcomes for our customers,” said Robert Romeo, Head of Claims, North America at BHSI. “Theresa embodies this commitment, and her expanded role will enhance BHSI’s service even further.”

Theresa joined BHSI in 2016 and has held various roles, including Vice President of Executive & Professional Lines Claims. She will continue to work from the New York office.

© 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 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.