Bruce Bentley

BOSTON & SINGAPORE - (BUSINESS WIRE) - May 3, 2021-- Berkshire Hathaway Specialty Insurance (BHSI) announced today that it has named Daniel Thieviasingham as Senior Underwriter, Transactional Liability, Asia Middle East. "We are excited to welcome Daniel to BHSI as we continue to expand our transaction liability capabilities in the Asia-Middle East region," said Marc Breuil, Head of Asia-Middle East at BHSI. "Its presence in Singapore enhances our ability to quickly and adroitly address the changing transactional liability needs of customers across ASEAN and across the region." In the area of ​​transaction liability, BHSI currently offers agency and warranty insurance, tax insurance, contingent liability insurance and class action settlement insurance worldwide. “Dan accompanies us in a crucial phase of our development in the transaction liability market in the Middle East of Asia. The product is becoming more widespread not only by private equity firms but al...

The once "sleepy" trust market can no longer be called such as lawsuits for excessive fee claims continue to grow, insurance managers say. The escrow room has recently taken off " an abrupt and sudden turnaround "due to these allegations, which are class action lawsuits against defined contribution plans related to allegations that records and other charges imposed by them are unnecessary or inappropriate," said Alison Martin, Pittsburgh-based escrow product manager and senior vice president at Chubb Ltd. She spoke Thursday during a session of the Professional Liability Underwriting Society's annual directors and officers symposium in Minneapolis, which was conducted virtually. While these claims are not new, they were manageable and filed at the rate of about 20 per year until they started in late 2019 when "we saw a significant change" and in 2020 more than 90 were filed against plan sponsors. Said Martin. It also expanded who is addres...