Berkshire Hathaway Specialty Insurance to Buy MyAssist

Proquest LLC

Berkshire Hathaway Specialty Insurance announced that it has signed an agreement to purchase from Noel Group the assets of MyAssist, a live-agent personal-assistance and telematics service provider.

John Noel, Founder, Chairman and CEO of Noel Group, will continue to head the MyAssist operations and focus on growing its business globally.

"MyAssist, with its record of innovative and outstanding service, fits extremely well with Berkshire HathawayPeter Eastwood, President of Berkshire Hathaway Specialty Insurance. "Its unique capabilities complement our existing positions in insurance and customer service, and will help us extend our brand and create new business opportunities."

"We are honored to be part of the world-class group of companies that is Berkshire Hathaway. This opportunity allows us to grow our businesses and enhance the high-quality experience currently enjoyed by MyAssist customers," said Noel, a pioneer in the travel- insurance and telematics industries.

"We are approaching potential acquisitions strategically and thoughtfully as we build our business for the long term," Eastwood said. "We believe MyAssist's list of customers speaks volumes about the appeal of its products and the quality of its services." Corporate customers of MyAssist include Ford Motor Company, Mercedes- Benz USA, and Verizon Telematics.

Berkshire Hathaway Specialty Insurance is a division of the Berkshire Hathaway Group of Insurance Companies and provides insurance and programs.