June 30, 2015
By Ruth Liew
Berkshire Hathaway's Australian (click here) arm is expanding into the healthcare insurance sector in Australia and will start writing new business in New Zealand, as the Warren Buffett-linked company ramps up its expansion in the Australasian region.
Berkshire Hathaway Specialty Insurance Company, which opened its doors in Sydney in March, will underwrite insurance to cover property, casualty and professional lines of hospitals and medical practices in Australia.
It comes after the group flagged it would be playing in the large corporate segment of Australia's insurance market.
The company has appointed former AIG executive Tony Bainbridge to lead the effort.
"Tony comes to BHSI with more than three decades of industry experience and deep technical knowledge of the risks facing the Australian healthcare sector," Chris Colahan, president of Australasia Region for BHSI, said.
BHSI has also been given the green light by the Reserve Bank of New Zealand to underwrite property and casualty insurance through its new office in Auckland....
By Ruth Liew
Berkshire Hathaway's Australian (click here) arm is expanding into the healthcare insurance sector in Australia and will start writing new business in New Zealand, as the Warren Buffett-linked company ramps up its expansion in the Australasian region.
Berkshire Hathaway Specialty Insurance Company, which opened its doors in Sydney in March, will underwrite insurance to cover property, casualty and professional lines of hospitals and medical practices in Australia.
It comes after the group flagged it would be playing in the large corporate segment of Australia's insurance market.
The company has appointed former AIG executive Tony Bainbridge to lead the effort.
"Tony comes to BHSI with more than three decades of industry experience and deep technical knowledge of the risks facing the Australian healthcare sector," Chris Colahan, president of Australasia Region for BHSI, said.
BHSI has also been given the green light by the Reserve Bank of New Zealand to underwrite property and casualty insurance through its new office in Auckland....
