Berkshire Hathaway Specialty Insurance Launches D&O Liability and Professional Indemnity Policies in Asia

Business Wire

BOSTON--(BUSINESS WIRE)-- Berkshire Hathaway Specialty Insurance Company (BHSI) today introduced Executive First™ Directors & Officers (D&O) Liability and Professional First™ Professional Indemnity Insurance policies in Asia.

"With the launch of these two primary policies, we look forward to bringing BHSI’s exceptional local executive and professional lines expertise and customer-centric underwriting across Asia,” said Marc Breuil, President of Asia, BHSI. “Our customers and brokers can look forward to new products coming soon -- all backed by BHSI’s financial strength.”

Designed for commercial and financial firms, Executive First D&O Liability Insurance provides coverage for companies, directors, officers and executives facing securities litigation and regulatory investigations. Additional Side A protection is available for individual directors and officers.

Professional First Professional Indemnity Insurance provides professional services firms with comprehensive protection. The policy also has options to extend coverage to independent contractors and consultants and to automatically reinstate exhausted limits.

“Our new Executive First and Professional First policies provide clear and concise coverage that is in step with the evolving regulatory climate across Asia,” said Scotland Walsh-Riddle, Vice President and Head of Executive & Professional Lines for BHSI, Hong Kong.

“Our team in Asia stands ready with the experience and authority to tailor our new forms to the individual needs of our customers,” said Emily Poh, Vice President and Head of Executive & Professional Lines for BHSI, Singapore.

Up to US$100 million in capacity is available for these D&O and Professional Indemnity lines.

Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance. The actual and final terms of coverage for all product lines may vary. In Asia, it underwrites on the paper of Berkshire Hathaway Specialty Insurance Company, which holds 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, Auckland, Brisbane, Hong Kong, Melbourne, Singapore, Sydney and Toronto.