Commercial property and casualty insurer Berkshire Hathaway Specialty Insurance (BHSI) has expanded its presence in the UK with the launch of Executive First D&O Liability+, its enhanced UK D&O product for large commercial and financial organizations whose securities trade on US exchanges.
Executive First D&O Liability+ is part of BHSI’s suite of executive liability insurance products. The insurer explained that the launch reflects BHSI UK’s response to the changing risk landscape
BHSI is also able to provide coverage provisions for A-Party DIC, Pension Trustee Liability, Commercial Crime and Employment Practices Liability insurance, all designed to provide clear, current and customizable coverage for commercial and financial companies, including those with significant, complex risks.
It includes broad, simply worded coverage designed for modern risk exposures; expanded A-Party protections, including asset and liberty litigation costs and deprivation of assets charges, reputational costs, mitigation costs and overprotection for independent directors; and a reduction in the number of exclusions, including narrowing the scope of conduct exclusions
Thomas Harris, head of UK commercial management responsibility at BHSI, commented: “We believe this enhanced wording, along with our preferred counsel programme, D&O loss prevention services and securities claims inquiry cost cover, demonstrates a true partnership focused on client service, product innovation and delivering best-in-class results for US-listed companies.”
Chris Nixon, UK Executive and Specialty Lines Underwriting Manager at BHSI, added: “In a dynamic market, BHSI is committed to being a long-term, service-oriented innovation partner and we put the ‘claims are our product’ philosophy at the forefront of what we do.”