Berkshire Hathaway International Insurance Ltd. announced it will offer a specialty insurance solution to Europe with its affiliate, Berkshire Hathaway Specialty Insurance, subject to regulatory approval.
Tom Bolt has been named as president, UK and Southern Europe, effective June 1, while Gregor Koehler has been named president, Northern Europe, effective immediately.
Bolt will assume the role of CEO, and he and Koehler will also become members of the board of directors of Berkshire Hathaway International Insurance Ltd., also subject to regulatory approval.
“Establishing European capabilities is a natural next step in the maturation of BHSI, and an important milestone in growing our global footprint,” said Peter Eastwood, President and CEO, BHSI. “We are pleased to have the top-calibre talents of Tom and Gregor to lead the efforts to build a team in the UK and Europe.”
Tom Bolt has extensive experience in insurance and reinsurance, spanning the UK, Europe, and the U.S. He was most recently director of Performance Management at Lloyd’s. Before that, he was managing director of Marlborough Managing Agency and spent 25 years at the Berkshire Hathaway Group in a variety of senior executive roles, including senior vice president of the Reinsurance Division, and managing director of Tenecom and BHIIL. Bolt earned a bachelor’s degree and a master’s degree from Northwestern University. He will be based in London.
Koehler comes to the operation with 30 years of insurance and risk management experience. He was most recently president and CEO of Pallas Versicherung, AG, the global insurance division of Bayer Group. Prior to that, he was senior vice president at Marsh Inc., and managing director, Corporate Risk Management and Insurance, at Bertelsmann AG, a global media and services company. He was also AVP and SVP of Corporate Risk Management and Insurance at Mannesmann AG (now Vodafone). He received his master’s in Business Administration from the University of Applied Science in Cologne, Germany.
Koehler is based in BHSI’s new office in Duesseldorf and can be reached at email@example.com.
In Europe, the specialty division will operate as part of Berkshire Hathaway International Insurance Ltd., an incorporated England and Wales limited liability company, located at 8 Fenchurch Place, 4th floor, EC3M 4AJ.
Source: Berkshire Hathaway International Insurance