Berkshire Hathaway Specialty Insurance and Tego Insurance announced that they will jointly underwrite medical indemnity insurance in Australia.

According to a statement from BHSI, the companies are looking to introduce innovative products to address changes in medical practice and the technology trends affecting medical practitioners.

“We are delighted to work with Tego to bring BHSI’s medical indemnity experience and unrivaled financial backing to the Australian market,” said Tony Bainbridge, head of Healthcare, Australia, BHSI. “Our combined offering will bring additional choice, flexibility and financial security to Australian doctors.”

Tego CEO Eric Lowenstein added, “The word Tego originates from Latin, meaning to defend and protect, and that is exactly what we focus on. With a focus on superior customer service and industry-leading products, value is always top of mind.”

BHSI said it reviews the individual characteristics of each medical practice since all practices in a particular medical specialty may not automatically pose the same level of risk, noting that this tailored pricing approach may result in significant savings for individual practices.

Source: Berkshire Hathaway Specialty Insurance

Topics Excess Surplus Underwriting Australia