Berkshire Hathaway Specialty Insurance Enters Environmental Segment

January 7, 2015

Berkshire Hathaway Specialty Insurance (BHSI) is expanding its U.S. casualty underwriting capabilities to include pollution exposures and has named Chuck Hasselback to head its environmental group.

According to Meredith Bullock, vice president, Casualty, the latest expansion reflects BHSI’s strategy to pair its capacity and expertise to address market needs.

BHSI is marking its entry into the environmental space by providing an affirmative grant of pollution coverage on general casualty forms — an enhancement for energy and construction customers in particular. Coverage will be provided on a primary and excess basis, with available capacity of up to $25 million.

Hasselback has more than 20 years of experience as an environmental consultant at various environmental remediation firms, underwriting and management experience at AIG Environmental. He was most recently product development for Lexington Insurance Co. He will be based in BHSI’s Boston office.

BHSI provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance for customers. It underwrites on the paper of Berkshire Hathaway’s National Indemnity group of insurance companies. BHSI has regional underwriting offices in Atlanta, Boston, Chicago, Hong Kong, Los Angeles, New York, San Francisco, Singapore and Toronto.

Topics Excess Surplus Pollution New Markets Berkshire Hathaway

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