Berkshire Hathaway Specialty Insurance Company Expands into Australia,

Names Chris Colahan as President, Australasia

BOSTON--(BUSINESS WIRE)-- Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has received its insurance license to provide all lines of General Business in Australia, established operations in Sydney, and named Chris Colahan as President of its Australasia Region.

"BHSI is committed to expanding into geographic markets and lines of business where we can provide financially strong, highly responsive underwriting solutions and market leading service. Our move into Australia reflects this strategy. Under Chris’ leadership, we’ve already built a stellar underwriting, claims, and functional team to serve the needs of the Australian market,” said Peter Eastwood, President of BHSI.

Beginning immediately, BHSI will be providing property, casualty, financial lines and marine cargo insurance in Australia.

Chris joins BHSI from RSA Insurance Group, where he was most recently Chief Executive Officer, Asia, and before that, Chief Executive Officer, Hong Kong. He was also previously Country Manager, Singapore Retail, and Regional Manager, Strategy and Change, Asia and the Middle East, at RSA. He began his career in Australia at Westpac Banking Corporation.

Chris graduated from Australia'sBond University with both bachelor's of Law (Honors) and bachelor's of Commerce degrees.

"It is exciting for me both personally and professionally to bring the trusted Berkshire Hathaway brand to my home country and to the Australian insurance marketplace," said Chris. "BHSI enters the market with financially strong capacity and a commitment to serving this market for decades to come."

Along with Chris, BHSI's leadership team in Sydney includes:

• Frank Costigan, Chief Financial Officer and Chief Operating Officer, Australasia
• Cameron McLisky, Head of Executive and Professional Lines, Australasia
• Anne O'Keefe, Head of Human Resources, Australasia
• Susan Donaldson, Head of Claims, Australia
• Andrew Spurr, Head of Casualty, Australia
• Craig Taylor, Head of Property, Australia
• Matthew Clarke, Manager of Professional Indemnity Lines, Australia
• Daniel Cole, Manager, Mining, Energy and Power, Australia
• Mark Dixon, Manager, Marine Insurance, Australia
• Ryan Thomas, Manager, D&O Liability Insurance, Australia

In addition to its Australian platform, BHSI has established operations in the United States, Canada, Singapore and Hong Kong with underwriting and service teams in each market. BHSI also is currently pursuing its insurance license in New Zealand.

Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance. It underwrites on the paper 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, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Fort Lauderdale, Houston, Los Angeles, New York, San Francisco, San Ramon, Stevens Point, Toronto, Auckland, Hong Kong, Singapore and Sydney. For more information, contact Chris Colahan at +61 2 8002 2101 or [email protected].

Berkshire Hathaway Specialty Insurance

JoAnn Lee, 617-936-2937

Source: Berkshire Hathaway Specialty Insurance