Latest news with #BerkshireHathawaySpecialtyInsurance
Yahoo
a day ago
- Business
- Yahoo
Berkshire Hathaway Specialty Insurance Launches Life Science, BioTech & Pharmaceutical (LBP) Management Liability Policy in Australia
BOSTON & SYDNEY, June 09, 2025--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) today announced the introduction of a Management Liability Insurance Policy tailored expressly for Life Science, BioTech and Pharmaceutical (LBP) companies in Australia. "The new LBP Management Liability Policy reflects our commitment to Australia's thriving life sciences community and our deep understanding of the challenges start-ups face at every stage of their journey," said Jessica Jefferies, Underwriting Manager, National Brokers, Executive & Professional Lines, BHSI Australia. "Life Sciences is one of the most promising industries in Australia and we are thrilled to be able to provide an innovative solution to support the industry". BHSI's new LBP Management Liability Insurance Policy is specifically for the R&D ecosystem – all stakeholders in Australia's diverse and energetic life sciences sector. The new product offers enhanced cover tailored for life sciences companies, with coverage not found in standard Management Liability policies. BHSI's solution will extend cover and ensure Directors, Officers, Scientific and Medical Advisory Boards all get the benefit of cover as they develop cutting-edge solutions globally. With an understanding of the funding requirements, the product provides two key elements of protection, extending cover for private capital raisings, and not excluding cover in the event of the Company's insolvency. With many Australian life sciences companies looking abroad for clinical development, BHSI's offering has the ability to extend protection to U.S. exposures, recognising the frequent pursuit of FDA approvals by Australian firms. The new solution expands BHSI's existing Management Liability policy wording for private companies and not-for-profits. BHSI is a leading market for Directors and Officers Liability insurance for ASX-listed life sciences companies in Australia. This launch extends that expertise and forms part of BHSI's strategy to provide tailored support for biotech and pharmaceutical customers from start-up to scale. To learn more, contact Berkshire Hathaway Specialty Insurance Company (incorporated in Nebraska, USA) ABN 84 600 643 034, AFS Licence No. 466713 ( provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident & health, medical stop loss, homeowners, and multinational insurance. The actual and final terms of coverage for all product lines may vary. Berkshire Hathaway Specialty Insurance Company 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, Boston, Chicago, Columbia, Dallas, Houston, Indianapolis, Irvine, Los Angeles, New York, Plymouth Meeting, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Barcelona, Brisbane, Brussels, Calgary, Cologne, Dubai, Dublin, Frankfurt, Hamburg, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Milan, Munich, Paris, Perth, Singapore, Stockholm, Sydney, Toronto, and Zurich. View source version on Contacts MEDIA CONTACTJoAnn Lee / +1 617.936.2937
Business Wire
a day ago
- Business
- Business Wire
Berkshire Hathaway Specialty Insurance Launches Life Science, BioTech & Pharmaceutical (LBP) Management Liability Policy in Australia
BOSTON & SYDNEY--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) today announced the introduction of a Management Liability Insurance Policy tailored expressly for Life Science, BioTech and Pharmaceutical (LBP) companies in Australia. 'The new LBP Management Liability Policy reflects our commitment to Australia's thriving life sciences community and our deep understanding of the challenges start-ups face at every stage of their journey,' said Jessica Jefferies, Underwriting Manager, National Brokers, Executive & Professional Lines, BHSI Australia. 'Life Sciences is one of the most promising industries in Australia and we are thrilled to be able to provide an innovative solution to support the industry'. BHSI's new LBP Management Liability Insurance Policy is specifically for the R&D ecosystem – all stakeholders in Australia's diverse and energetic life sciences sector. The new product offers enhanced cover tailored for life sciences companies, with coverage not found in standard Management Liability policies. BHSI's solution will extend cover and ensure Directors, Officers, Scientific and Medical Advisory Boards all get the benefit of cover as they develop cutting-edge solutions globally. With an understanding of the funding requirements, the product provides two key elements of protection, extending cover for private capital raisings, and not excluding cover in the event of the Company's insolvency. With many Australian life sciences companies looking abroad for clinical development, BHSI's offering has the ability to extend protection to U.S. exposures, recognising the frequent pursuit of FDA approvals by Australian firms. The new solution expands BHSI's existing Management Liability policy wording for private companies and not-for-profits. BHSI is a leading market for Directors and Officers Liability insurance for ASX-listed life sciences companies in Australia. This launch extends that expertise and forms part of BHSI's strategy to provide tailored support for biotech and pharmaceutical customers from start-up to scale. To learn more, contact Berkshire Hathaway Specialty Insurance Company (incorporated in Nebraska, USA) ABN 84 600 643 034, AFS Licence No. 466713 ( provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident & health, medical stop loss, homeowners, and multinational insurance. The actual and final terms of coverage for all product lines may vary. Berkshire Hathaway Specialty Insurance Company 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, Boston, Chicago, Columbia, Dallas, Houston, Indianapolis, Irvine, Los Angeles, New York, Plymouth Meeting, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Barcelona, Brisbane, Brussels, Calgary, Cologne, Dubai, Dublin, Frankfurt, Hamburg, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Milan, Munich, Paris, Perth, Singapore, Stockholm, Sydney, Toronto, and Zurich.
Business Wire
23-05-2025
- Business
- Business Wire
Berkshire Hathaway Specialty Insurance Expands Executive & Professional Lines in Italy
BOSTON & MILAN--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) today announced the introduction of Miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These new policies follow the launch of BHSI's proprietary Directors & Officers Liability Insurance in December of 2024. "Launching our proprietary policy wordings in Italy is indicative of our commitment to leading domestic and international insurance programs for our customers,' said Marco Vantellino, Head of Executive and Professional, BHSI Italy. 'Each of these new policies embody BHSI's simple, clearly understood policy wordings approach, delivering contract certainty along with coverage flexible for our customers.' BHSI underwrites on a net capacity basis without accessing the reinsurance markets, which vests the company with flexibility in designing coverage, and facilitates responsive local decision-making from underwriting through claims. Foundational to all BHSI products is its CLAIMS IS OUR PRODUCT philosophy, which underscores the company's dedication to delivering excellent service when customers face claims developments. "The introduction of these policies is an important step in our steady expansion in Italy. We look forward to continuing to grow, hiring talented professionals, launching new products, entering new segments, and expanding our geographical presence throughout Italy," said Leonardo Castrichino, Country Manager for BHSI in Italy. The new policies are available immediately in Italy. For more information, contact In Italy, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI). BHEI is an Irish domiciled Designated Activity Company, Registration Number 636883 and Registered Office at 2nd Floor, 7 Grand Canal Street Lower, Dublin D02 KW81 and is affiliated with Berkshire Hathaway Specialty Insurance Company (BHSIC), a Nebraska USA domiciled corporation, which provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance. BHSIC and BHEI are subsidiaries of Berkshire Hathaway's National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, BHSI has offices in Atlanta, Boston, Chicago, Columbia, Dallas, Houston, Indianapolis, Irvine, Los Angeles, New York, Plymouth Meeting, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Barcelona, Brisbane, Brussels, Cologne, Dubai, Dublin, Frankfurt, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Milan, Munich, Paris, Perth, Singapore, Stockholm, Sydney, Toronto, and Zurich.
Yahoo
07-05-2025
- Business
- Yahoo
BHSI forays into UK programmes market
Berkshire Hathaway Specialty Insurance (BHSI) has entered the UK Programmes market and hired Rob Munden to lead this venture. As the head of UK programmes, Munden will be responsible for the development and leadership of BHSI's Programmes business within the UK. He will leverage the company's underwriting capabilities in accident and health, marine, casualty, executive and professional lines, and property insurance. Munden, based in London, will also extend his support to BHSI's European operations. With 30 years in the insurance industry, Munden has expertise in the Programmes space and relationships with managing general agents (MGAs). He joins BHSI following his tenure as the CEO of a specialist MGA. BHSI UK head of National Business Mark Walker said: 'This move further rounds out our capabilities in the UK and Europe, and reflects our long-term strategy to expand our business beyond our traditional large customers to the small and mid-sized businesses that are so vital to our region. With Rob at the helm, we look forward to building a robust Programmes business in the UK and throughout Europe.' Last month, BHSI updated its Private Company Executive Lines products in Canada, offering enhanced directors and officers' liability, fiduciary liability and employment practices liability coverage. The updated proposition offers private companies customisable coverage and limits of up to $25m (C$34.58m). The company also appointed Shaun Lue as the new private company leader. "BHSI forays into UK programmes market " was originally created and published by Life Insurance International, a GlobalData owned brand.
Yahoo
30-04-2025
- Business
- Yahoo
BHSI updates executive lines suite for private companies in Canada
Berkshire Hathaway Specialty Insurance (BHSI) has updated its Private Company Executive Lines products suite in Canada. The updated offering introduces enhanced directors and officers liability, fiduciary liability and employment practices liability coverage. These additions complement the company's existing crime and side a difference in conditions insurance, which is already available across all provinces and territories in Canada. The updated offering provides private companies with customisable coverage and limits of up to $25m (C$34.58m). BHSI has confirmed that there are no specific industry restrictions, and the suite caters to US-exposed risks while imposing no minimum premium requirements. BHSI Canada country manager and head of executive & professional lines Andrew Knight said: 'We are excited to round out our Executive Lines offerings and further strengthen our partnerships with private companies throughout Canada. 'Our new Private Company Executive Lines suite leverages our BHSI strengths – including our long-view stability-focused underwriting, CLAIMS IS OUR PRODUCT philosophy and the security of our financial strength.' Alongside the product update, BHSI has appointed Shaun Lue as the new Private Company Leader. Lue became part of BHSI in 2021 as a senior underwriter in executive lines and was promoted to the role of assistant vice-president in 2023. Based in in Toronto, he has more than ten years of experience in the executive lines sector. BHSI recently promoted Louise Kidd to the newly created role of head of underwriting in Europe. She will also continue in her existing position as global financial lines underwriting officer. "BHSI updates executive lines suite for private companies in Canada " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
