Berkshire Hathaway Specialty Insurance (BHSI) has announced that, in response to market demands and a focus on moving into the U.S. environmental insurance market, it is expanding its U.S. casualty underwriting capabilities to include pollution exposures. The insurer also announced that it has named Chuck Hasselback to head its environmental group.
"This latest expansion reflects BHSI's strategy of pairing our sound capacity with proven expertise to address market needs. Chuck's extensive experience enables BHSI to set an optimal course for our operations as we move into the U.S. environmental insurance market," Meredith Bullock, VP, Casualty, said.
The company is providing an affirmative grant of pollution coverage on general casualty forms, which it says is an important enhancement for energy and construction customers in particular. Coverage will be provided on a primary and excess basis, with available capacity of up to $25 million.
Hasselback, the new head of BHSI’s Environmental Business, has more than 20 years of experience as an environmental consultant at various environmental remediation firms, underwriting and management experience at AIG Environmental. He was most recently product development for Lexington Insurance Company. He holds a bachelor’s degree in Environmental Science from Allegheny College and a master's degree in Business Administration from the University of Pittsburgh.
Hasselback is based in BHSI's Boston office.
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