Berkshire Hathaway Specialty Insurance (BHSI) has updated its Private Company Executive Lines products suite in Canada.
The updated offering introduces enhanced directors and officers liability, fiduciary liability and employment practices liability coverage.
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These additions complement the company’s existing crime and side a difference in conditions insurance, which is already available across all provinces and territories in Canada.
The updated offering provides private companies with customisable coverage and limits of up to $25m (C$34.58m).
BHSI has confirmed that there are no specific industry restrictions, and the suite caters to US-exposed risks while imposing no minimum premium requirements.
BHSI Canada country manager and head of executive & professional lines Andrew Knight said: “We are excited to round out our Executive Lines offerings and further strengthen our partnerships with private companies throughout Canada.
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By GlobalData“Our new Private Company Executive Lines suite leverages our BHSI strengths – including our long-view stability-focused underwriting, CLAIMS IS OUR PRODUCT philosophy and the security of our financial strength.”
Alongside the product update, BHSI has appointed Shaun Lue as the new Private Company Leader.
Lue became part of BHSI in 2021 as a senior underwriter in executive lines and was promoted to the role of assistant vice-president in 2023.
Based in in Toronto, he has more than ten years of experience in the executive lines sector.
BHSI recently promoted Louise Kidd to the newly created role of head of underwriting in Europe.
She will also continue in her existing position as global financial lines underwriting officer.
