Berkshire Hathaway enters Australian insurance market

The Australian insurance oligopoly is about to get a shakedown. Warren Buffett’s Berkshire Hathaway Specialty Insurance (BHSI) opened the doors to its new Sydney office on Monday with ‘excess & surplus underwriting capabilities, a hunger for large and complex risks’, as the company’s website put it.Specialty insurance generally covers unique situations or rare events that are excluded from standard policies. BHSI says it will focus on ‘providing large scale insurance solutions for commercial property and casualty risks’.Started two years ago to the day, BHSI already employs nearly 600 people worldwide and is on track to write $1bn in premiums this...

The Australian insurance oligopoly is about to get a shakedown. Warren Buffett’s Berkshire Hathaway Specialty Insurance (BHSI) opened the doors to its new Sydney office on Monday with ‘excess & surplus underwriting capabilities, a hunger for large and complex risks’, as the company’s website put it.

Specialty insurance generally covers unique situations or rare events that are excluded from standard policies. BHSI says it will focus on ‘providing large scale insurance solutions for commercial property and casualty risks’.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles