Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) has confirmed that its specialty insurance unit has commenced operations.
Berkshire Hathaway Specialty Insurance is Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s recently formed commercial property casualty insurance group. It will be involved in underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S.
Peter Eastwood, who left American International Group Inc (NYSE:AIG) is the new company’s president. He was the CEO of American International Group Inc (NYSE:AIG)’s property-casualty operation in the Americas.
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