BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line

Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing four new executive & professional lines products for financial institutions and named Andrew Knight as national director of Financial Institutions, Executive & Professional Lines, in Canada.

The new products are:

• Professional FirstAsset Manager Liability Insurance tailored for hedge funds, mutual funds, private equity funds, venture capital funds and other investment funds and firms.
• Professional FirstBankers Professional Liability Insurance for banking and lending institutions, including credit unions.
• Professional FirstInsurance Company Professional Liability Insurance for property & casualty and life insurance companies.
• Financial Institution Bonds, including manuscript/enhanced Forms 14, 24, 25 for Canada and fiduciary bonds.

“We are pleased to have Andrew leading our efforts as we round out our executive & professional lines offerings for financial institutions,” said Michael Densham, head of Executive and Professional Lines, Canada, BHSI. “With our new, current and concise forms, financial institutions across Canada will benefit from coverage customized to their specific needs and backed by BHSI’s financial strength.”

BHSI already offers Executive First Directors & Officers Liability, Side A DIC and Fiduciary Liability Insurance for Canadian financial institutions.

Knight joins BHSI with more than a decade of industry experience. He was most recently director & FPC National Practice Leader, Financial Institutions, at Chubb Insurance. In 2015 he was named Young Insurance Professional of the Year, by Young Insurance Professionals Toronto. He holds a bachelor’s degree in Business Administration, Risk Management and Insurance from Olivet College.

“BHSI’s financial strength gives us tremendous flexibility so we can offer features like full-limit cost of corrections coverage with our asset manager liability policy, and take a highly responsive, highly customized approach to the financial institutions segment,” said Knight. “Working with Paul Emerson, our vice president of Liability Claims, we also offer customers dedicated local expertise when they face claims.”

For more information on BHSI’s Executive & Professional Lines for financial institutions, contact Knight at: andrew.knight@bhspecialty.com or +1.647.846.7846.

Source: Berkshire Hathaway Specialty Insurance (BHSI)

Topics Canada