Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has received an insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre (DIFC). It also has named Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines for the Middle East.
In addition, Cerase will be leading first party lines for BHSI’s broader Asia Middle East region, which includes BHSI’s other regional hubs of Hong Kong and Singapore as well as its operations in Malaysia and Macau.
Cerase comes to BHSI with 20 years of global experience spanning both the engineering and underwriting sides of the insurance business. He was most recently global head of Energy and Engineered Risk at AIG. He holds a master’s degree in chemical engineering from Universita’ degli Studi di Roma.
Yadvendu joins BHSI after two decades in the insurance industry, most recently as regional head of Casualty and Financial Lines at AXA Asia. He received his master’s degree in business administration from India’s University of Pune, and his bachelor’s degree from City College, Calcutta University.
“We are excited to expand BHSI’s footprint in this region which will service those markets in the Middle East and beyond who seek re/insurance support in the DIFC,” said Marc Breuil, president of Asia Middle East, BHSI.
“The strategic location of Dubai as well as the stability and efficiency of the DIFC make it an ideal hub for BHSI to support economic growth in the region,” he added.
BHSI said it will provide a suite of specialty and commercial re/insurance products to its network of brokers and ceding companies with a focus on construction, energy, property, marine, casualty and executive and professional lines.
BHSI’s Dubai office is located at: Unit 2106-B, Level 21, Index Tower, Dubai International Financial Centre, P.O. Box 506861, Dubai, UAE. Phone #043390606. From outside of the UAE, +(971) 43390606
Source: Berkshire Hathaway Specialty Insurance
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