Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of two executives to lead the firm’s businesses in Europe and the Middle East.
Alessandro Cerase (pictured left), who joined BHSI as a senior executive officer for BHSI Middle East in 2018, has been promoted to president and head of Europe region. He comes to the role with more than 25 years of global insurance industry experience. According to his LinkedIn profile, he previously worked at AIG in various senior roles, as well as Liberty Mutual Insurance and KBC. He is a chemical engineering graduate from Sapienza Università di Roma.
Neeraj Yadvendu (pictured right), who also joined BHSI in 2018 as deputy senior executive officer and head of third party lines for the Middle East, has been promoted to head of Middle East. Pending regulatory approval, Yadvendu will also take on the role of senior executive officer of the Dubai International Financial Centre Branch.
Yadvendu comes to the role with more than 26 years of global insurance industry experience. According to his LinkedIn, prior to his tenure at BHSI, Yadvendu worked at AXA Asia, AIG, and TATA AIG. He holds an MBA in finance from the Savitribai Phule Pune University.
Both will be based in Dubai in their new roles. Yadvendu will report to head of Asia Middle East Marc Breuil, while Cerase will report to BHSI CEO and president Peter Eastwood. In a news release, Eastwood praised both new heads as part of the firm’s continued strategic expansion in Europe and the Middle East.
“Alessandro and Neeraj, and the stellar teams they have built, have been pivotal to this expansion,” Eastwood said. “In their new roles, these two strong leaders will have an even greater impact as they continue to bring our underwriting flexibility and acumen, our ‘claims is our product’ commitment, and the certainty of our financial strength to customers and brokers throughout Europe and the Middle East.”
What are your thoughts on this story? Please feel free to share your comments below.
