BHSI Expands into Transactional Liability Market with Underhill, 3 Others

Berkshire Hathaway Specialty Insurance (BHSI) reported that it has expanded into Transactional Liability Insurance in the U.S. and Canada and named Robert Underhill as senior vice president, head of Transactional Liability.

The company also appointed Dan Crosby as vice president, Transactional Liability, and Amy Bowman and Michael Brooks as assistant vice presidents.

BHSI is underwriting Representations & Warranties Insurance and other coverages for the risks and uncertainties in corporate transactions. It offers both primary and excess coverage.

“We look forward to continuing to expand our market presence and our team with Robert’s experience and leadership at the forefront.” said Dan Fortin, head of Executive and Professional Lines, BHSI.

Underhill joins BHSI with 15 years of experience in the financial and insurance industries. He was most recently a partner at Locke Lord, where he focused on insurance mergers and acquisitions, insurance linked securities, reinsurance and other insurance transactional and regulatory matters. He also held executive roles focused on insurance-related risks at Fortress Investment Group, Credit Suisse and American International Group. He is based in BHSI’s office in New York.

Crosby was most recently vice president and underwriting leader, Transactional Liability, at QBE Americas. Before that, he had 10 years of experience as a mergers and acquisitions associate at several law firms including most recently, DLA Piper. He is based in BHSI’s office in New York.

Bowman joined BHSI as counsel in the legal department in 2014, after serving in various legal roles at AIG for more than seven years. She began her career as a securities associate with Bressler, Amery, & Ross. She is based in BHSI’s office in Boston.

Brooks was most recently an associate at Kramer Levin Naftalis & Frankel LLP, where he had 10 years of corporate mergers and acquisitions experience. He is based in BHSI’s office in New York.

Source: BHSI