US-based Berkshire Hathaway Specialty Insurance Company has opened its new office in the Dubai International Financial Centre (DIFC) and also made senior appointments to boost its Middle East operations.
BHSI said following the granting of the insurance licence by the Dubai Financial Services Authority, it is now free to 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.
The Boston-based company has appointed 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 the group's other regional hubs of Hong Kong and Singapore as well as its operations in Malaysia and Macau.
Marc Breuil, the president of Asia Middle East, BHSI, said: "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."
"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 stated.
"Our operation in the DIFC will bring BHSI’s financial strength, and underwriting and claims excellence to the region," stated Breuil.
"We are excited to be able to serve customers and brokers in the region under the experienced leadership of Alessandro and Neeraj," he added.
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.-TradeArabia News Service
Berkshire Hathaway Insurance opens office in Dubai
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