The company has now announced its hiring for two key underwriting team leadership positions in that market.
Berkshire Hathaway Specialty Insurance (BHSI) has now announced that it has made two important appointments for the leadership positions in its Asian underwriting team, as the Asia regional head of first party lines position was filled by Malin Fredriksson, and the Asia regional head of engineering and construction is now Kiran Prakash.
Both of those positions are located in Singapore and will be integral to the company’s presence there.
Fredriksson has joined Berkshire Hathaway Specialty Insurance with almost twenty years of management and underwriting experience. She was most recently at RSA as the chief underwriting officer, specialty, Asia, and the underwriting and reinsurance director, Asia. Previous to that, she had been the head of property Asia and Middle East at RSA. She has also held a number of different property underwriting titles in centers around the world, including London, New York, Sweden, and China.
Prakash came to Berkshire Hathaway Specialty Insurance from having previously worked at Swiss Reinsurance Company.
At Swiss Reinsurance, Prakash had been the senior construction, machinery breakdown, and power/utilities underwriter in Asia, before coming to BHSI. Previous to that position, he was the Asia Capital Reinsurance (ACR) energy and utilities underwriter, and had also been a SmartBridges engineer.
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Prakash is a qualified mechanical design engineer with a degree (Master’s) in entrepreneurship from Singapore’s Nanyang Technological University. He also holds an insurance diploma from the United Kingdom’s Chartered Insurance Institute.
These announcements have followed an earlier one that was made by BHSI in which it revealed that it would be taking its specialty insurance into the Asian marketplace. That company has been moving into other countries at an increasing rate, having also recently announced its entry of the same business into Canada.
The Berkshire Hathaway Specialty Insurance appointments into these two lead positions reflect a solid progress forward within the Asian marketplace, which is a region in which it expects to be able to take advantage of considerable growth opportunities, particularly as large countries such as China have only just recently relaxed their regulations when it comes to foreign companies entering into their insurance marketplaces.