National Indemnity Company

AM Best Affirms Credit Ratings of Berkshire Hathaway Life Insurance Company of Nebraska and First Berkshire Hathaway Life Insurance Company

Retrieved on: 
Thursday, April 25, 2024
Professional Services, Data Analytics, Insurance, Finance, Consulting, Banking, News, Credit, AM Best, Superior, ERM, Berkshire Hathaway, National Indemnity Company, ALL, First, Growth, FSR

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” (Superior) of Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) (Omaha, NE).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” (Superior) of Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) (Omaha, NE).
  • In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of First Berkshire Hathaway Life Insurance Company (First Berkshire Hathaway Life) (New York, NY).
  • AM Best also notes that both BHLN and First Berkshire Hathaway Life receive substantial financial, operational, and other resource support from their parent company, National Indemnity Company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Berkshire Hathaway Specialty Insurance Welcomes Hart Humble as Head of Customer & Broker Engagement, South Central U.S.

Retrieved on: 
Wednesday, April 24, 2024
Insurance, Professional Services, Travel, Health, AM Best, Plymouth Meeting, Pennsylvania, National Indemnity Company, Berkshire Hathaway, Customer, Standard, Bank

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Hart Humble to the newly created role of Head of Customer & Broker Engagement (C&BE) for the South Central U.S.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Hart Humble to the newly created role of Head of Customer & Broker Engagement (C&BE) for the South Central U.S.
    "Given the substantial growth of our business and our team in the South Central U.S, the time is right to add dedicated Customer & Broker Engagement leadership in this important market,” said Lori Spoon, Head of C&BE at BHSI.
  • “Hart will be an immediate asset to BHSI and our customers, deepening our reach and broadening relationships.”
    Hart has spent more than 30 years in the insurance industry.
  • Her experience includes senior level roles in business development at major insurance companies and brokers.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

Berkshire Hathaway Specialty Insurance Expands U.S. Marine Business, Names Ben Wyatt as Head of Marine and Chris Frick as Head of Marine Claims

Retrieved on: 
Monday, April 15, 2024
Maritime, Professional Services, Insurance, Transport, Risk, Travel, Health, AM Best, Plymouth Meeting, Pennsylvania, National Indemnity Company, Berkshire Hathaway, Standard, Head

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it is expanding its global marine capabilities in the U.S., launching Ocean Marine Insurance, and welcoming Ben Wyatt as Head of Marine, and Chris Frick as Head of Marine Claims, in the U.S.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it is expanding its global marine capabilities in the U.S., launching Ocean Marine Insurance, and welcoming Ben Wyatt as Head of Marine, and Chris Frick as Head of Marine Claims, in the U.S.
    “BHSI continues to expand our marine capabilities and team around the globe.
  • BHSI’s Ocean and Inland Marine coverages worldwide are tailored for midmarket and large, risk managed customers.
  • Ben comes to BHSI with more than a decade of experience in marine insurance.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

Berkshire Hathaway Specialty Insurance Names Louis du Ché Country Manager, France

Retrieved on: 
Monday, April 15, 2024
Insurance, Professional Services, 4th floor, Registered office, Travel, Health, AM Best, Plymouth Meeting, Pennsylvania, Designated activity company, National Indemnity Company, Berkshire Hathaway, 2nd Floor, Standard, Head

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Louis du Ché to the additional role of Country Manager, France.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Louis du Ché to the additional role of Country Manager, France.
  • “Louis has been instrumental in establishing our stellar team and growing our presence in Belgium,” said Alessandro Cerase, Head of Europe, BHSI.
  • He joined BHSI in 2019 as Head of Property, France, and was named Country Manager, Belgium, in 2022.
  • In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL).

Berkshire Hathaway Specialty Insurance Names Amy Bowman to Lead Multinational Business

Retrieved on: 
Monday, April 8, 2024
Insurance, Professional Services, Health, Assistant, Travel, Health care, Plymouth Meeting, Pennsylvania, Counsel, AM Best, National Indemnity Company, Standard, Berkshire Hathaway

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has promoted Amy Bowman to Head of Multinational.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has promoted Amy Bowman to Head of Multinational.
  • "BHSI currently provides multinational programs and services in 178 countries around the world.
  • “She is the perfect individual to lead our multinational business, and our multinational team, to the next level.”
    Amy has more than two decades of experience as an attorney and insurance leader.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, National Indemnity Company, BRK, ERM, ALL, News, FSR, Credit, Berkshire Hathaway, AM Best, Superior

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity).
  • The ratings of National Indemnity reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Berkshire Hathaway Specialty Insurance Appoints Chres Lee to Head of Transactional Liability in Canada

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Insurance, Finance, Health, Travel, Contingent liability, Plymouth Meeting, Pennsylvania, Head, Transaction, AM Best, National Indemnity Company, Standard, Berkshire Hathaway

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its global Transactional Liability team, welcoming Chres Lee as Head of Transactional Liability in Canada.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its global Transactional Liability team, welcoming Chres Lee as Head of Transactional Liability in Canada.
  • “With this latest appointment, we continue to strengthen our Transactional Liability team and capabilities around the globe,” said Michael Brooks, Head of Transactional Liability, North America.
  • Chres is based in Ontario and can be reached at [email protected]
    BHSI’s Transactional Liability team structures Representations & Warranties, Tax, Contingent Liability and Class Action Settlement Insurance for companies throughout North America and around the world.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

Berkshire Hathaway Specialty Insurance Names Ingo Lorber Head of Claims for DACH Region

Retrieved on: 
Tuesday, April 2, 2024
Insurance, Professional Services, Health, Philosophy, Travel, Plymouth Meeting, Pennsylvania, Registered office, Designated activity company, AM Best, 4th floor, National Indemnity Company, Standard, Berkshire Hathaway, 2nd Floor

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has promoted Ingo Lorber to Head of Claims for Germany, Austria, and Switzerland (DACH).

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has promoted Ingo Lorber to Head of Claims for Germany, Austria, and Switzerland (DACH).
  • “BHSI’s commitment to consistently excellent service and doing the right thing for our customers and brokers is embodied in our CLAIMS IS OUR PRODUCT philosophy,” said Andreas Krause, Head of DACH, BHSI.
  • He joined BHSI a year ago as the company deepened its service infrastructure in the DACH region.
  • In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL).

Best’s Special Report: Underwriting Losses Persist in U.S. Property/Casualty Industry, Total $21.2 Billion in 2023

Retrieved on: 
Monday, March 25, 2024
Insurance, Professional Services, National Indemnity Company, ALL, Growth, News

The U.S. property/casualty (P/C) industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in the prior year, according to a new AM Best report.

Key Points: 
  • The U.S. property/casualty (P/C) industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in the prior year, according to a new AM Best report.
  • According to the report, the P/C industry’s combined ratio improved slightly by 0.9 percentage points to 101.6 in 2023.
  • Catastrophe losses accounted for an estimated 8.7 points on the combined ratio, up from 7.3 points in 2022, driven by record severe convective storm losses.
  • With net investment income virtually unchanged from the prior year, the lower 2023 underwriting loss boosted pre-tax operating income by 4.8% to $50.0 billion.

Berkshire Hathaway Specialty Insurance Promotes Daniela Peeters to Lead Customer & Broker Engagement in Germany

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Insurance, Finance, Health, DACH, Travel, Customer, Plymouth Meeting, Pennsylvania, Head, Registered office, Designated activity company, AM Best, 4th floor, National Indemnity Company, Standard, Berkshire Hathaway, 2nd Floor

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Daniela Peeters as Head of Customer & Broker Engagement in Germany.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Daniela Peeters as Head of Customer & Broker Engagement in Germany.
  • She was previously Customer & Broker Engagement Manager for Northern Germany.
  • “Daniela lives our BHSI values, bringing them to her every interaction with our customers and brokers,” said Andreas Krause, Head of DACH, BHSI.
  • In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL).