BHSI Launches New D&O Liability Insurance in Switzerland

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its European footprint with the launch of two new Executive First Directors & Officers (D&O) Liability insurance policies in Switzerland.

The new offerings provide specialised coverage for the unique regulatory and operational hurdles facing the Swiss market.

One policy is specifically tailored for commercial and industrial organisations – while the second is designed to meet the requirements of financial institutions and investment managers.

Addressing a complex risk landscape

The introduction of these primary D&O solutions comes at a time when corporate governance and executive accountability are under intense scrutiny.

The policies are built to offer clear and transparent language – ensuring that leaders have certain knowledge of their protection against modern liability exposures.

“Swiss organisations and their leaders face an increasingly complex risk environment,” says Christoph Kammermann, Head of Executive & Professional Lines for Switzerland at BHSI.

“With our new Executive First D&O policies, we are delivering clear, current coverage, purposefully built for today’s D&O liability exposures – and backed by the security of BHSI’s financial strength and CLAIMS IS OUR PRODUCT philosophy.”

Christoph notes that the focus remains on delivering straightforward protection that is responsive to the current legal climate.

Global reach with local expertise

A key feature of the new Swiss D&O suite is its integration into BHSI's broader multinational capabilities.

Policies can be structured as part of wider global programmes – with master policies issued in Switzerland and local policies available in more than 178 countries.

This allows Swiss companies with international operations to maintain consistent coverage across different jurisdictions.

Franco Masciovecchio, Country Manager for Switzerland at BHSI, highlights the strategic importance of the launch for the firm’s regional growth.

“These launches mark another important milestone in building our sustainable long-term business in Switzerland,” he says.

“We continue to invest in building our talented team, expanding our product lines, and creating strong and lasting business relationships with brokers and customers countrywide.”

Broadening the Swiss portfolio

The addition of the Executive First D&O line builds on BHSI's existing presence in the Swiss market.

The insurer has been steadily increasing its local capabilities – which now include casualty insurance, multinational programmes and customised property damage and business interruption insurance.

By providing specific wording for financial firms and industrial enterprises – BHSI aims to address the distinct indemnification needs and risk profiles of these different sectors.

The move signals a continued commitment to the Swiss insurance sector through the provision of high-capacity and financially secure underwriting.

Global expansion for BHSI 

The announcement follows BHSI’s launch into surety market in Ireland, aiming to deliver bonding solutions to leaders in the construction sector for “major international projects”. 

To ensure a smooth delivery of BHSI’s long-term view, the company has also appointed Sean Mulvey to lead as Head of Surety in Ireland.

He brings over a decade of surrey underwriting and corporate banking experience to the role.