Berkshire Hathaway Specialty Insurance, with an eye on expanding in Asia, is marketing new D&O liability and professional indemnity policies to commercial and financial firms.
The insurer’s Executive First D&O Liability Insurance is designed to help cover companies, directors, officers and executives facing securities litigation and regulatory investigations. As well, added Side A protection is available for individual directors and officers.
BHSI is also launching its Professional First Professional Indemnity Insurance, which is designed to give comprehensive protection to professional services firms. The policy can also be extended to cover independent contractors and consultants, and it can automatically reinstate exhausted limits.
Each has up to $100 million in capacity.
Marc Breuil, BHSI’s Asia president, said in prepared remarks that both policies will be marketed across Asia.
Scotland Walsh-Riddle, vice president and head of executive and professional lines for BHSI in Hong Kong, noted, also in prepared remarks, that the policies are designed to be “in step with the evolving regulatory climate across Asia.”
BHSI has been investing significant resources focused on Asia, the U.S. and other emerging markets.
Earlier in October, for example, BHSI announced it hired veteran executives from Zurich, ACE, CNA and Catlin to help enhance its U.S. underwriting capabilities and continue its expansion there.
The company this year has also hired veterans from AIG and elsewhere to shepherd expansion efforts focused on healthcare and other specialty areas in Australia and New Zealand.
Source: BHSI