BOSTON--(BUSINESS WIRE)--
Berkshire Hathaway Specialty Insurance (BHSI) today announced that it is
introducing four new executive & professional lines products for
financial institutions and named Andrew Knight as National Director of
Financial Institutions, Executive & Professional Lines, in Canada.
The new products are:
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Professional FirstTM Asset Manager Liability Insurance
tailored for hedge funds, mutual funds, private equity funds, venture
capital funds and other investment funds and firms.
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Professional FirstTM Bankers Professional Liability
Insurance for banking and lending institutions, including credit
unions.
-
Professional FirstTM Insurance Company Professional
Liability Insurance for property & casualty and life insurance
companies.
-
Financial Institution Bonds, including manuscript/enhanced Forms 14,
24, 25 for Canada and fiduciary bonds.
“We are pleased to have Andrew leading our efforts as we round out our
executive & professional lines offerings for financial institutions,”
said Michael Densham, Head of Executive and Professional Lines, Canada,
BHSI. “With our new, current and concise forms, financial institutions
across Canada will benefit from coverage customized to their specific
needs and backed by BHSI’s financial strength.”
BHSI already offers Executive FirstTM Directors & Officers
Liability, Side A DIC and Fiduciary Liability Insurance for Canadian
financial institutions.
Andrew joins BHSI with more than a decade of industry experience. He was
most recently Director & FPC National Practice Leader, Financial
Institutions, at Chubb Insurance. In 2015 he was named Young Insurance
Professional of the Year, by Young Insurance Professionals Toronto. He
holds a bachelor’s degree in Business Administration, Risk Management
and Insurance from Olivet College.
“BHSI’s financial strength gives us tremendous flexibility so we can
offer features like full-limit Cost of Corrections coverage with our
Asset Manager Liability Policy, and take a highly responsive, highly
customized approach to the financial institutions segment,” said Andrew.
“Working with Paul Emerson, our Vice President of Liability Claims, we
also offer customers dedicated local expertise when they face claims.”
For more information on BHSI’s Executive & Professional Lines for
financial institutions, contact Andrew at Andrew.knight@bhspecialty.com
or 647.846.7846.
Berkshire Hathaway Specialty Insurance (www.bhspecialty.com)
provides commercial property, casualty, healthcare professional
liability, executive and professional lines, surety, travel, programs,
medical stop loss, and homeowners insurance. The actual and final terms
of coverage for all product lines may vary. In Canada it underwrites on
the paper of National Liability & Fire Insurance Company, a part of
Berkshire Hathaway's National Indemnity group of insurance companies,
which hold financial strength ratings of A++ from AM Best and AA+ from
Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty
Insurance has offices in Atlanta, Boston, Chicago, Fort Lauderdale,
Houston, Irvine, Los Angeles, New York, San Francisco, San Ramon,
Seattle, Stevens Point, Auckland, Brisbane, Düsseldorf, Hong Kong,
Melbourne, Singapore, Sydney and Toronto. For more information, contact info@bhspecialty.com.
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