Fidest – Agenzia giornalistica/press agency

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Posts Tagged ‘berkshire’

Berkshire Hathaway Specialty Insurance Expands Surety Business in Australia

Posted by fidest press agency su mercoledì, 23 ottobre 2019

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it is entering the surety market in Australia and has named Jonathan Griffiths as Head of Surety, Australia.“We are pleased to expand our surety footprint and our team into Australia. With his extensive experience, Jonathan is exceptionally qualified to bring to market surety solutions with BHSI’s agility, underwriting expertise and financial strength,” said Mark Lingafelter, President, Australasia, BHSI.BHSI will focus on providing contract surety solutions for large and mid-sized contractors throughout Australia. The company currently provides surety solutions in the U.S, Canada, UK & Europe and Asia. Jonathan comes to BHSI with more than a decade of surety underwriting experience at Liberty Specialty Markets, where he was most recently Head of Surety, Asia-Pacific, based in Sydney. Before that he held increasingly senior roles underwriting surety for Liberty in Australia as well as North America, the UK and Europe. He holds a bachelor’s degree in Business Economics from London Metropolitan University in the UK and an Associate in Fidelity and Surety Bonding certification. He has served as Vice President of the Australian Surety Association since 2015.

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Berkshire Hathaway Specialty Insurance Company Launches Financial Institution Professional Indemnity Insurance in Asia

Posted by fidest press agency su giovedì, 14 dicembre 2017

eurasiaBerkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has introduced Professional First Financial Institution Professional Indemnity (FIPI) Insurance in Asia.
“Financial institutions are seeing an increase in both the frequency and severity of professional indemnity claims.” said Scotland Walsh-Riddle, Head of Executive & Professional Lines at BHSI Hong Kong. “To respond to their needs, we’re introducing comprehensive and customizable protection to address the exposures FI professionals face now.”The new BHSI policy is designed to cover a range of claims, from allegations of failure to disclose information, to misleading financial advice and breach of contracts. It combines coverage for civil liability, pre-investigations, mitigation expenses, bail bond costs, court attendance, loss of documents, and more.“Financial institutions deliver diverse services to their customers,” said Edwin Sim, Assistant Vice President of Executive & Professional Lines at BHSI Singapore. “Hence, we have set out to provide them with the peace of mind that comes with broad FIPI coverage. Through clearly articulated wording, BHSI Asia’s FIPI insurance policy will provide our customers with the security of coverage backed by unmatched financial strength.”The policy is designed for medium to large financial institutions, including securities dealers, regional banks, insurance companies, reinsurance companies, diversified institutions, and financial technology (FinTech) and corporate advisory firms.
Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss, and homeowners insurance. The actual and final terms of coverage for all product lines may vary. In Asia, it underwrites on the paper of Berkshire Hathaway Specialty Insurance Company, which holds financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Asheville, Boston, Chicago, Houston, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Auckland, Brisbane, Düsseldorf, Hong Kong, Kuala Lumpur, Macau, Melbourne, Singapore, Sydney and Toronto.

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