Berkshire Hathaway Specialty Insurance (BHSI), a commercial property and casualty insurer, has expanded its operations in the UK with the launch of Executive First D&O Liability+, its enhanced UK D&O offering for large commercial and financial organisations trading their securities on US exchanges.
Executive First D&O Liability+ is part of BHSI’s suite of executive liability insurance products. The insurer explained that this launch reflects BHSI UK’s response to a continuously evolving risk landscape
BHSI is also able to offer coverage terms for Side A DIC, pension trustee liability, commercial crime and employment practices liability insurance, which are all designed to provide clear, current and customisable coverage for commercial and financial firms, including those with large, complex risks.
It includes 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 the number of exclusions, including a narrowed conduct exclusion
Thomas Harris, Head of Commercial Management Liability UK, BHSI, commented, “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 centred on customer service, product innovation and generating best in class outcomes for US listed companies.”
Chris Nixon, Underwriting Manager, Executive & Professional Lines UK, BHSI added, “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.”
