US-based insurer to offer Aussie advisers PI cover

US-based Berkshire Hathaway Specialty Insurance (BHSI) has launched four new policies in Australia, with one being professional indemnity insurance for financial planners.

The company said in a statement that the other lines include executive first directors and officers liability insurance, professional first asset manager liability insurance and professional first civil liability insurance.

The new lines come as BHSI appointed several new heads to a variety of roles throughout Australia. Sami Jaghbir and Richard Johnson were both named senior underwriting managers for executive and professional lines in Brisbane and Melbourne, respectively.

Cameron McLisky, BHSI head of executive and professional lines Australasia, said: "We are pleased to introduce the first of our primary executive and professional lines policies in Australia, while rounding out our geographic footprint with experienced underwriting professionals now in Sydney, Melbourne and Brisbane."

"Our executive and professional lines team looks forward to providing tailored D&O, financial institutions and professional indemnity solutions with the security of our financial strength and long-term commitment to the Australian marketplace."

Mr Jaghbir joins BHSI after five years at Vero, where he most recently held the role of underwriting manager for NSW/ACT professional and financial lines. Before Vero, he was senior account executive of financial and professional lines at Marsh.

Meanwhile, Mr Johnson joins from XL Catlin Australia, where he was financial lines manager for Melbourne.

Prior to XL Catlin, he held a number of underwriting and portfolio management roles with AIG in London and Australia, including commercial D&O/crime underwriting manager for AIG Europe. Me Johnson received a Bachelor of Commerce degree from the University of Otago, the statement said. 

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