Tag: Berkshire Hathaway Specialty Insurance

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Berkshire Hathaway Specialty Insurance has promoted team member Michael Pille to head its fast-growing healthcare underwriting operation and team in Germany.

“As Head of Healthcare, Michael will lead our effort to service the German healthcare market and expand our local healthcare team,” said Andreas Krause, Country Manager for Germany, BHSI. “In this newly created position, Michael will elevate our ability to deliver innovative professional liability solutions for the healthcare industry, including novel SIR (stop loss) alternatives, backed by BHSI’s underwriting expertise and commitment to claims handling excellence.”

Michael, who has more than a decade of underwriting experience in the German market, joined BHSI in 2017 as Senior Underwriter, Liability. He holds a bachelor’s degree in Insurance Management and a master’s Degree in Insurance Law from Cologne University of Applied Science. Michael is a Fellow of the Chartered Insurance Institute.

© 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.

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Berkshire Hathaway Specialty Insurance has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies clearly articulate broad, customizable professional liability protection for the full scope of services provided by technology and tech-related firms.

“BHSI is committed to simplicity and that is evident in these easy-to-navigate policy forms which are readily tailored to the individual needs and exposures of technology firms and backed by BHSI’s financial strength,” said Cameron McLisky, Head of Executive & Professional Lines for Australasia at BHSI. “We take a partnership approach to this market, with our brokers and customers collaborating with our decision makers, from underwriting, to claims service.

With BHSI’s Professional First Technology Liability Insurance, customers choose any or all of three separate towers to secure professional indemnity, cyber and general liability covers. Limits and coverage can be structured to address the individual needs and preferences of a wide variety of tech firms, including those involved in software design and development, systems integration, technology consulting, telecommunications and IT training.

© 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.

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Berkshire Hathaway Specialty Insurance is offering Commercial Crime Insurance in Asia. The new policy is designed to help companies address the exposures of a changing fraud landscape.

“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, Head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”

BHSI’s Commercial Crime Insurance Policy offers concise contract language for commercial organizations and includes coverage for both traditional employee crime and external crimes, including funds transfer fraud, credit card fraud, forgery, and impersonation coverage. Impersonation coverage responds to losses arising when a perpetrator impersonates an employee, executive or business associate of the insured for the purpose of defrauding the insured.

“Impersonation fraud is quickly becoming a systemic issue around the world. We’ve recently seen a social engineering scheme utilize artificial intelligence-based software to impersonate an executive. These schemes are testing the boundaries of what companies can prepare for – and we are committed to helping our customers protect against this rising threat,” said Scotland.

The Commercial Crime Insurance Policy also includes numerous extensions, including coverage for lost establishment fees an insured incurs to establish the existence and quantum of a loss.

“The Commercial Crime Policy was crafted with BHSI’s clear and concise underwriting and is backed by our excellent claims handling,” said Scotland. “Through BHSI’s unparalleled financial strength and experience, our customers and brokers can have the confidence BHSI will be there when it matters most.”

© 2019 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.

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Berkshire Hathaway Specialty Insurance has appointed Javier Villalba to its expanding leadership team in Spain as Head of Claims.

“We are thrilled to have Javier, with his extensive industry experience, bringing BHSI’s commitment to claims excellence to customers in Spain and throughout Europe. Claims is our product — and Javier is exceptionally equipped to bring this product to the marketplace, the BHSI way,” said Ignacio Almazan, Country Manager, Spain, BHSI.

Javier comes to BHSI with nearly 20 years of claims experience. He was most recently Director for Expert Claims (Spain) and Claims Customer Relationship Manager at Zurich in Spain. Prior to that he spent 16 years in Claims at AIG, beginning as a claims adjuster and rising to the position of AIG South Europe Claims & Operations Officer. He earned a law degree from Universidad Complutense de Madrid and completed his studies in Procedural Law at C.E. Ignacio de Loyola.

Javier is based in BHSI’s office in Madrid.

© 2019 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.

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Berkshire Hathaway Specialty Insurance has commenced underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as Head of Construction and Anne-Sophie Bonifay as Head of Casualty.

“We are pleased to continue to round out our capabilities in France as we welcome Olivier and Anne-Sophie to lead our entry into the local construction and casualty markets,” said François-Xavier d’Huart, Country Manager, France, BHSI. “Their expertise, coupled with BHSI’s financial strength and commitment to claims handling excellence, will serve our customers and brokers well for years to come.”

Olivier comes to his role with three decades of experience in construction underwriting and engineering. For the past 12 years he was Construction & Engineering Underwriting Manager at XL Insurance Company SE in Paris. Prior to that, he was Engineering Underwriting Manager at Gerling in Paris. He began his career as Head of the Firefighting Engineering Team at Alstom Power. He has a degree in Health & Security from the Institut Universitaire de Technologie in Saint-Denis.

Anne-Sophie joins BHSI with 25 years of experience spanning both middle market and large account casualty underwriting. She began her career in casualty underwriting at AGF (Allianz), and then Commercial Union, in Paris. She then held increasingly senior positions in casualty underwriting at Chubb Insurance Company of Europe, and was Casualty Underwriting Manager, Large Corporate Accounts, at Zurich Global Corporate France. She served as Casualty Underwriting Manager, Middle Market, at XL Insurance Company Limited, and most recently was Casualty Underwriting Manager, Middle Market, at AXA XL in Paris. She holds a master’s degree in Insurance Law from the University of Paris Panthéon Assas.

Olivier and Anne-Sophie are based in BHSI’s office in Paris.

© 2019 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.