27 April 2015 Insurance

BHSI hires RSA Asia CEO to head Australia operations

Berkshire Hathaway Specialty Insurance Company (BHSI) has received an insurance license to provide all lines of general business in Australia.

The operation, established in Sydney, will provide property, casualty, financial lines and marine cargo insurance in Australia.

Chris Colahan has been named as president of its Australasia region. He joins BHSI from RSA Insurance Group, where he was most recently chief executive officer (CEO), Asia, and before that, CEO, Hong Kong.

"BHSI is committed to expanding into geographic markets and lines of business where we can provide financially strong, highly responsive underwriting solutions and market leading service. Our move into Australia reflects this strategy. Under Chris’ leadership, we’ve already built a stellar underwriting, claims, and functional team to serve the needs of the Australian market,” said Peter Eastwood, president of BHSI.

Colahan added: ”It is exciting for me both personally and professionally to bring the trusted Berkshire Hathaway brand to my home country and to the Australian insurance marketplace. BHSI enters the market with financially strong capacity and a commitment to serving this market for decades to come."

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