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Berkshire expands into Asian accident and health market

Posted On: Jun. 21, 2016 12:00 AM CST

Berkshire Hathaway Specialty Insurance Co. is entering the accident and health market in Asia, the Berkshire Hathaway Inc. unit said.

The specialty insurer will initially focus on broker-distributed group personal accident and business travel products, and will expand its accident and health products over time, according to a Monday statement.

Singapore-based Phillip Brain will serve as head of accident and health in the region. Previously, Mr. Brain was vice president and accident and health group manager for Asia-Pacific at Chubb Ltd.