Reinsurance News

Berkshire Hathaway Specialty opens London office, expands exec team

8th February 2017 - Author: Steve Evans

Berkshire Hathaway (BHSI) today announced the creation of a new affiliate London office, its key executive roles have already been filled with industry experts joining from Allied World, Travelers Europe and AIG.

The new office will serve brokers and customers in the UK and Southern European countries, including Ireland, Spain, France and Italy.

Warren Buffett’s Berkshire Hathaway continues to expand its primary group, sourcing risk premiums from across the insurance to reinsurance value-chain and providing its reinsurance capital with new ways to generate float.

Richard Nathan joins from Allied World as Head of Property Lines; Patrick Brown is new Head of Executive & Professional Liability; and Andrew Walker will take up a position as Head of Claims.

BHSI President for the UK and Southern Europe, Tom Bolt, said; “Richard and Patrick will deliver bespoke specialty solutions backed by financial strength, while Andrew will ensure that excellent in-house claims expertise is available for customers from day one.”

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Richard Nathan has taken up his position as Head of Property Lines after working as Corporate Property Manager, UK & Europe, at Allied World, underwriting on both Lloyd’s and company market platforms.

He’s had an impressive career in insurance spanning 25 years and has acted as Head of Corporate Property at Mitsui Sumitomo at Lloyd’s, and Underwriter, Property & Packages, at Chubb Insurance Company of Europe.

Patrick Brown has been recruited from Travelers Europe where he was Head of Management Liability & Financial Institutions, underwriting on both Lloyd’s and company market platforms.

He has an extensive 15 year of experience in the insurance and financial services industries.

Andrew Walker has worked in commercial lines claims for 30 years, both as a handler of high profile cases and as a regional leader of claims teams.

Before joining BHSI, he was Head of Casualty Claims in Europe for AIG Europe, and prior to that, Head of Liabilities Claims for AIG in the UK.

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