August 01, 2017
Berkshire Hathaway Specialty Insurance Company (BHSI) has established a new office in Dublin, it has been announced.
The new office will be led by Cormac McNamara, who has been named P&C manager of BHSI Ireland and will responsible for building a local team in the country and bringing BHSI’s Southern European underwriting capabilities to Ireland.
McNamara moves over after a six-year stint at MS Amlin, where he most recently served as Ireland underwriting and distribution manager. Prior to that, he served a number of underwriting positions at Chubb.
BHSI UK and Southern Europe division president Tom Bolt remarked: "We are excited to further expand our geographic footprint in the region as we steadily grow our underwriting capabilities as well."
The company did not state whether the move was related to Brexit or if the office will be a capitalised entity.
BHSI joins both Beazley and Chaucer, which have both chosen to establish Dublin offices in recent months.
While this serves as a boost for the Irish capital, the Benelux states have remained a popular location for (re)insurers seeking to establish post-Brexit hubs, in particular Luxembourg.