BOSTON & LONDON–(BUSINESS WIRE)–Berkshire Hathaway Specialty Insurance (BHSI) today announced the launch of Executive First D&O Liability+, our enhanced UK D&O offering for large commercial and financial organizations trading their securities on US exchanges.
Executive First D&O Liability+ reflects BHSI UK’s response to a continuously evolving risk landscape. Key features include:
- Broad, simply worded coverage designed for modern exposures
- Expanded Side A protection including Asset & Liberty Proceeding Costs and Deprivation of Asset Expenses, Reputational Costs, Mitigation Costs and Excess protection for Independent Directors; and
- A reduction in number of exclusions, including a narrowed conduct exclusion
“We believe this enhanced wording, alongside our Preferred Counsel Program, D&O Loss Prevention Services and Securities Claim Inquiry Costs coverage, demonstrates a true partnership approach centered on customer service, product innovation and generating best in class outcomes for US listed companies,” said Thomas Harris, Head of Commercial Management Liability UK.
“In a dynamic marketplace, BHSI is committed to being a long-term, service-oriented and innovative partner, with our ‘Claims Is Our Product’ philosophy at the forefront of what we do,” said Chris Nixon, Underwriting Manager, Executive & Professional Lines UK.
Executive First D&O Liability+ is part of BHSI’s suite of executive liability insurance products. BHSI is also able to offer coverage terms for Side A DIC, pension trustee liability, commercial crime and employment practices liability insurance — all designed to provide clear, current and customizable coverage for commercial and financial firms, including those with large, complex risks. To learn more about Executive First D&O Liability+, visit https://www.bhspecialty.com/uk-products/.
In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL). BHEI is an Irish domiciled Designated Activity Company, Registration Number 636883 and Registered Office at 2nd Floor, 7 Grand Canal Street Lower, Dublin D02 KW81. Berkshire Hathaway International Insurance Limited (BHIIL), is an incorporated England and Wales limited liability company, Registration Number 3230337 and Registered Office at 8 Fenchurch Place, 4th Floor, London EC3M 4AJ, United Kingdom. BHEI and BHIIL are affiliates of Berkshire Hathaway Specialty Insurance Company (BHSIC), a Nebraska USA domiciled corporation, which provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance. BHSIC, BHIIL and BHEI are subsidiaries 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, Columbia, Dallas, Houston, Indianapolis, Irvine, Los Angeles, New York, Plymouth Meeting, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Barcelona, Brisbane, Brussels, Calgary, Cologne, Dubai, Dublin, Frankfurt, Hamburg, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Milan, Munich, Paris, Perth, Singapore, Stockholm, Sydney, Toronto, and Zurich.
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JoAnn Lee / +1 617.936.2937
