BHSI expands in DACH region with new PI and cyber insurance lines
BHSI expands in DACH region with new PI and cyber insurance lines | Insurance Business America
Insurance News
BHSI expands in DACH region with new PI and cyber insurance lines
New Hamburg office boosts regional presence
Insurance News
By
Kenneth Araullo
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Thomas Pache (pictured above) to lead its newly launched professional indemnity (PI) and cyber insurance lines in the DACH region. The company also named Kim Schumacher as senior property underwriter.
Both will be based in BHSI’s newly opened office in Hamburg, part of the company’s strategy to enhance its presence and proximity to broker partners and customers in the region.
Andreas Krause, head of DACH at BHSI, commented on the company’s expansion, stating that BHSI is increasing its expertise and product offerings in the region.
“The strength of our brand, our balance sheet, and our people, along with our ‘claims is our product’ philosophy, is an excellent match for the local marketplace,” Krause said.
Pache, who brings more than 30 years of experience in the insurance industry, will focus on providing comprehensive PI and cyber insurance solutions, particularly for customers in the information technology and software sectors.
Schumacher, with nearly 20 years of industry experience, will focus on expanding BHSI’s property business in Germany, specifically targeting the Mittelstand segment.
BHSI provides property, casualty, and executive and professional lines insurance solutions across Germany and the DACH region.
Just last month, the specialist insurer also expanded its European footprint with the opening of a new office in Milan and the appointment of Leonardo Castrichino as country manager for Italy.
The Milan office serves as a hub for BHSI’s operations in Italy, where the company is offering a range of property, casualty, and executive and professional lines products, including global multinational program capabilities.
Castrichino leads the company’s efforts in Italy, bringing nearly 30 years of experience in the European insurance market. Prior to joining BHSI, he held numerous leadership roles in the industry, most recently serving as chief operating officer for the Europe, Middle East, and Africa (EMEA) region at another global insurer.
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