Warren Buffett's Berkshire Hathaway Specialty Insurance Company (BHSI) has announced it is introducing professional indemnity products in Australia, including one for financial planners.
The new policies are Executive First Directors & Officers Liability Insurance, Professional First Financial Planners Professional Indemnity Insurance, Professional First Asset Manager Liability Insurance and Professional First Civil Liability Insurance.
"We are pleased to introduce the first of our primary executive and professional lines policies in Australia, while rounding out our geographic footprint with experienced underwriting professionals now in Sydney, Melbourne and Brisbane," BHSI Australasia head of executive and professional lines Cameron McLisky said.
As per McLisky's statement, the firm has also appointed two new senior underwriting managers specialising in executive and professional lines - one based in Brisbane and the other in Melbourne.
Brisbane-based Sami Jaghbir joins BHSI from Vero, where he was underwriting manager NSW/ACT - professional and financial lines. In Melbourne, Richard Johnson joins the insurer from a senior underwriting role at XL Catlin.
"Our executive and professional lines team looks forward to providing tailored D&O, Financial Institutions and Professional Indemnity solutions with the security of our financial strength and long term commitment to the Australian marketplace," McLisky concluded.
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