Warren Buffett, the American investor and business conglomerate, knows a thing or two about global success – and now the billionaire has set his sights on insurance expansion with the staple of his fortune,
Berkshire Hathaway.
In a statement released earlier today, Berkshire Hathaway Specialty Insurance Company (BHSI), in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced that it has established a new office in London and filled key executive roles, naming Richard Nathan as head of property lines; Patrick Brown as head of executive & professional liability; and Andrew Walker as head of claims, for BHSI in the UK and Southern Europe.
The move to the new office gives the company a base from which to serve both customers and brokers across southern Europe and the UK. Notable target markets include Spain, Italy, Ireland and France.
“We are pleased to expand our specialty insurance operations with a new London office and a growing team of professionals with excellent capabilities and character”
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“We are pleased to expand our specialty insurance operations with a new London office and a growing team of professionals with excellent capabilities and character,” said Tom Bolt, president, UK and Southern Europe, BHSI. “Richard and Patrick will deliver bespoke specialty solutions backed by financial strength, while Andrew will ensure that excellent in-house claims expertise is available for customers from day one.”
The new office, located at 8 Fenchurch Place, in London, will be home to Nathan, who has more than 25 years of industry experience and was most recently corporate property manager for UK & Europe at
Allied World. It will also welcome Brown who joins from
Travelers Europe Ltd, where he was head of management liability and financial institutions; and Walker who has worked in commercial lines claims for 30 years, and was most recently head of casualty claims in Europe for
AIG Europe Ltd.
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