Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has announced that it plans to expand its North American Transactional Liability Insurance business into the UK and Europe.
BHSI explained that it will now provide warranty and indemnity, tax, and contingent liability insurance in the UK and throughout Europe.
The company also provides representations & warranties, contingent liability, and class action settlement insurance in the U.S. and Canada.
As part of the move, BHSI has appointed Ed Martin as Head of Transactional Liability, UK and Europe, to be based in the insurer’s London office.
Martin joins BHSI from global legacy and run-off specialist Enstar Group Limited, where he was the lead in-house mergers and acquisitions (M&A) lawyer for Enstar’s dedicated M&A team.
Prior to this, Martin was Of Counsel at Norton Rose (now Norton Rose Fulbright) with its London Corporate and Regulatory Insurance team.
“As the need for solutions for the risks and uncertainties in corporate transactions continues to grow, BHSI is pleased to bring to market the local expertise, financial strength, and capacity that will enable companies in the UK and throughout Europe to respond, quickly and strategically, to the exposures of mergers, acquisitions and other transactions,” said Robert Underhill, Senior Vice President, Head of Transactional Liability, BHSI.
“Ed is a stellar addition to our expanding Transactional Liability team worldwide,” he added.
Chris Colahan, Head of UK and Europe, BHSI, also commented: “Our capabilities in the UK, throughout Europe and around the world continue to expand to help our customers respond to pressing risks.”
“This latest expansion follows the well set pattern of BHSI’s growth,” Colahan continued. “We grow where and when we can offer outstanding expertise and provide meaningful long-term solutions, backed by our stable capacity and financial strength.”
BHSI announced last week that it planned to expand into the UK property construction insurance market, appointing Simeon Seamer as Head of Property Construction, UK & Ireland.
