Berkshire Hathaway expands specialty insurance to Malaysia

  • Business
  • Tuesday, 17 Jan 2017

BOSTON: Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has received a licence from Labuan FSA to provide non-life reinsurance to the Malaysian market.

The company also established a new office in Kuala Lumpur and named Gaithrie Nandrajog as the branch manager and Koo Kang Wuu as the executive and professional lines and business development manager in Malaysia.

"After putting down roots in Singapore, Hong Kong, and Macau, we are pleased to further expand our operations in Asia and bring facultative reinsurance capacity and new products with the backing of our strong balance sheet to selected Malaysian insurance partners," said BHSI president (Asia) Marc Breuil.

"With the opening of our Malaysian office, we continue to deepen our underwriting and claims capabilities in the region," he said. - Bernama

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