KUALA LUMPUR, Feb 12
(Bernama) -- Berkshire Hathaway Specialty Insurance Company (BHSI) has received its
insurance licence from the Dubai Financial Services Authority and established
an office in the Dubai International Financial Centre (DIFC).
Concurrently, the company also named 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 wlll be leading first party lines for BHSI's broader Asia Middle East region, which includes BHSI's other regional hubs of Hong Kong and Singapore, as well as its operations in Malaysia and Macau.
Cerase comes to BHSI with 20 years of global experience spanning both the engineering and underwriting sides of the insurance business.
Prior to this, he was most recently global head of energy and engineered risk at American International Group.
Yadvendu joined BHSI after two decades in the insurance industry, most recently as regional head of Casualty and Financial Lines at AXA Asia.
"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," said president of Asia Middle East, BHSI, Marc Breuil.
"Our operation in the DIFC will bring BHSI's financial strength, and underwriting and claims excellence to the region."
"We are excited to be able to serve customers and brokers in the region under the experienced leadership of Cerase and Yadvendu," he said.
BHSI will 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.
-- BERNAMA
Concurrently, the company also named 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 wlll be leading first party lines for BHSI's broader Asia Middle East region, which includes BHSI's other regional hubs of Hong Kong and Singapore, as well as its operations in Malaysia and Macau.
Cerase comes to BHSI with 20 years of global experience spanning both the engineering and underwriting sides of the insurance business.
Prior to this, he was most recently global head of energy and engineered risk at American International Group.
Yadvendu joined BHSI after two decades in the insurance industry, most recently as regional head of Casualty and Financial Lines at AXA Asia.
"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," said president of Asia Middle East, BHSI, Marc Breuil.
"Our operation in the DIFC will bring BHSI's financial strength, and underwriting and claims excellence to the region."
"We are excited to be able to serve customers and brokers in the region under the experienced leadership of Cerase and Yadvendu," he said.
BHSI will 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.
-- BERNAMA
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