Berkshire’s BHSI boosts multinational game with key enhancements
Berkshire Hathaway Specialty Insurance (BHSI), a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway, has enhanced its multinational capabilities, including expanding its partner network and internal team of multinational experts, adding multinational products, and adopting a new technology platform to elevate service.
BHSI said it has grown its network of partners and can now offer service in 178 countries. The company has expanded its internal team of multinational experts to 13 cities around the world.
The business has also rounded out its multinational capabilities to include surety bonds.
Additionally, BHSI has adopted WorldLink, an end-to-end digital solution to manage and service multinational programme business. It noted that the introduction of WorldLink into BHSI’s multinational process has improved workflow by unlocking bandwidth and allowing for scalability across the company. BHSI is now using WorldLink to transact 95% of its multinational business. BHSI collaborated with London-based insurtech ChainThat, leveraging its Beyond Multinational Programs platform to design and build the WorldLink solution.
“We continue to evolve our multinational services and capabilities to keep pace with the increasing needs of our customers,” said David Valzania, head of multinational at BHSI. “BHSI has always been agile, and we are demonstrating this again as we strategically expand to deliver best-in-class multinational programs and service to our customers and distribution partners.”
He added: “ChainThat’s distributed ledger-centric platform supports consistency, compliance, and transparency in our multinational transactions, while delivering data clarity and protection across multinational accounts.
“It enables BHSI to seamlessly coordinate and collaborate across local underwriters, producing offices, and network partners, facilitating the execution of our multinational programs.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
