Berkshire Hathaway Specialty Insurance, the commercial insurance arm of Berkshire Hathaway, has launched two new casualty insurance products in Switzerland.
The products include cross-border and domestic policies and are designed for large corporates and mid- to upper-market commercial and industrial companies operating in the Swiss market, the company said.
Policies are designed to provide flexible coverage options based on market standards and are worded in clear and understandable terms. The company added that multinational clients also have access to local policy support in more than 178 countries.
“Swiss domestic and international companies face an ever-challenging risk landscape. With our new products, we aim to offer targeted, customized solutions,” comments Pascal Carrer, Head of Casualty Insurance at BHSI Switzerland.
BHSI said the launch of the new casualty insurance product marks a further strengthening of the company’s primary underwriting capabilities in Switzerland. The insurer said the launch highlights its commitment to supporting customers with long-term solutions to increasingly complex risks.
Franco Masciovecchio, BHSI Country Manager Switzerland, added: “These new casualty policies mark the next step in building our leading product capabilities in Switzerland. This launch demonstrates our commitment to providing clients with long-term solutions for complex risks and is backed by our disciplined underwriting, financial strength and ‘claims are our product’ approach to achieve positive outcomes for all parties involved.”
“We look forward to continuing to expand our team, product lines and relationships with Swiss brokers, clients and business partners.”
BHSI’s Swiss operations also include property damage and business interruption insurance, Executive First D&O liability insurance for commercial and industrial organizations, financial institutions and investment managers, as well as multinational insurance programs.