New player enters key construction market

New player enters key construction market | Insurance Business

New player enters key construction market
Berkshire Hathaway Specialty Insurance (BHSI) has announced it is providing comprehensive insurance and services for the construction industry in Australia and named a team of executives to oversee the operation.

BHSI is offering construction property, casualty, project professional indemnity, and project cargo insurance for construction classes in Australia and pairing coverage with in-house construction claims and engineering expertise.

BHSI’s president for the Australasia region, Chris Colahan, said he was pleased to offer the Australian construction industry a multi-line insurance solution, which was backed by the expertise and financial strength of BHSI.

“Our team is rich in construction insurance experience and ready to provide sound, creative capacity and meaningful risk engineering to this important sector,” he said.

The new team is made up of five members who will all be based in BHSI’s Sydney office apart from Rob McNab who will be based in Melbourne.

They are:

Cameron Holmes, construction manager.  Holmes comes to BHSI with 15 years of construction and engineering experience, most recently he was national underwriting manager, engineering at IAG in Sydney.

Rob McNab, underwriting manager, construction. With a decade of experience focused on construction and engineering on both the underwriting and brokerage sides of the business, McNab comes from his role as southern regional manager, construction & engineering at CGU Insurance.

Mark Thompson, senior underwriter, casualty. Thompson was most recently senior casualty underwriter at AIG in Sydney and has 14 years of insurance industry experience with the last five years focusing on the construction industry.

Patrick Whyte, risk engineering manager. Whyte has 25 years of loss control and risk engineering experience, most recently working as senior risk engineer at Allianz Global Corporate & Specialty in Sydney.

David Cook, claims manager. Cook comes from Suncorp Group where he has spent the last seven years rising through the ranks to the role of senior claims specialist, handling global, corporate, and major loss claims in Brisbane and more recently in Melbourne.

The construction move follows similar announcements made since BHSI entered the Australian market as the company expanded its businesses into marine and healthcare markets