Specialty lines managing general agency (MGA) Kemah Capital has entered into an agreement with members of the Berkshire Hathaway group of re/insurance companies that will see it underwrite a portfolio of business for the firms.
The underwriting agency agreement will allow Kemah Capital to write a varied portfolio on behalf of National Indemnity Company and National Fire and Marine Insurance Company, both part of Warren Buffett’s Berkshire Hathaway reinsurance group.
To begin, Kemah Capital expects to focus on underwriting E&S property insurance in the U.S., facultative reinsurance in the U.S., Latin America, the Caribbean and Africa, as well as specialty marine business.
It’s expected that the underwriting portfolio will expand in the coming months, to include lines of insurance business such as energy and sports, leisure & entertainment.
Dom Tobey, Chairman and Chief Executive Officer of Kemah Capital, commented on the announcement; “We are thrilled to be entering into this relationship with such an outstanding leading global risk carrier and we look forward to the superior levels of security this will enable us to deliver to our clients.”
Kemah Capital already underwrites a portfolio of African treaty reinsurance business on behalf of StarStone Insurance SE and believes that the new expansion of business will complement that
Kemah will begin underwriting direct & facultative business with immediate effect for risks attaching on or after 1st October 2017, the company said.