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Berkshire Hathaway Specialty Insurance Co. said Monday it launched four executive and professional lines policies in Australia.
The insurer also announced its executive appointments for its Australia team.
The four 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, Berkshire Hathaway said in a statement.
Berkshire Hathaway has named Brisbane, Australia-based Sami Jaghbir senior underwriting manager, executive & professional lines. Previously Mr. Jaghbir was underwriting manager, professional & financial lines at Vero Insurance. Melbourne, Australia-based Richard Johnson has been named senior underwriting manager, executive & professional lines. Previously, Mr. Johnson was financial lines manager at Catlin Australia.
“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,” Cameron McLisky, head of executive and professional lines, Australasia, said in the statement.
Aon P.L.C. on Wednesday announced two broking initiatives aimed at increasing retail and wholesale buyers' access to Lloyd's.