Berkshire Hathaway Specialty Insurance Branches Out Into Germany

June 16, 2016

Berkshire Hathaway Specialty Insurance is branching out into Germany as part of a broader European expansion. Veteran executives from Aon, Allianz and elsewhere will help lead it.

Germany Political Map with capital Berlin, national borders, most important cities, rivers and lakes. English labeling and scaling. Illustration.

BHSI’s new operations are in Düsseldorf, Germany and will handle specialty insurance underwriting for customers throughout Europe.

Peter Eastwood, President and CEO of BHSI, said the effort fits alongside an ongoing plan to grow globally.

“This latest strategic expansion reflects BHSI’s commitment to growing both our global footprint and our worldwide capabilities,” Eastwood noted in prepared remarks.

Here are the executives who will staff the Düsseldorf effort:

Berkshire Hathaway Specialty Insurance disclosed in March that it was expanding into Europe. Plans call for BHSI to operate in Europe as part of its Berkshire Hathaway International Insurance Ltd. affiliate. Both are part of Berkshire Hathaway’s National Indemnity group of insurance companies.

Beyond Europe, BHSI has expanded in recent months into Australia and New Zealand, among other regions.

Source: BHSI