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Berkshire Hathaway Specialty Insurance Co. said Wednesday that it has established a medical stop-loss division based in Irvine, California.
John Snyder will lead the division, while David Friedly has been named head of underwriting and Glenn Funk will serve as actuary for medical stop-loss, Boston-based BHSI said in a statement.
Mr. Snyder most recently was president and CEO of medical excess at American International Group Inc., according to the statement. Mr. Friedly previously was head of underwriting at AIG Benefits Solutions, and Mr. Funk was vice president and actuary at AIG Benefits Solutions, according to a Berkshire Hathaway spokeswoman.
“We are pleased to have the talent and experience of John, David and Glenn fueling our move into medical stop-loss and building out our team for this product line,” Sanjay Godhwani, executive vice president at BHSI, said in the statement. “Their deep expertise, coupled with BHSI's strong balance sheet, will allow buyers to make their medical stop-loss choice with confidence.”
All three executives are based in Irvine.
Berkshire Hathaway Specialty Insurance Co. on Friday said it has expanded its executive & professional lines portfolio to include private companies in the U.S.