BOSTON & DUBAI–(BUSINESS WIRE/AETOSWire)-– Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has finalized proprietary Directors & Officers (D&O) Liability and Professional Indemnity (PI) policy wordings for customers in the UAE and throughout the Middle East.
“Companies in the Middle East are increasingly concerned about management and professional liability exposures particularly in the challenging business environment created by the Covid-19 pandemic,” said Aisling Malone, Head of Executive & Professional Lines, Middle East BHSI. “Our new policy forms enable customers and brokers to secure broad coverage that is backed by excellent financial strength and the deep claims expertise of BHSI.”
BHSI’s D&O Liability insurance is a clear and simply worded form. It is built expressly for the complex and evolving risks facing directors, officers and their companies. It can also be easily customized to include features that customers want in their D&O policy for specific business needs and exposures.
BHSI’s PI insurance has equally clear language, and is designed to provide broad civil liability coverage which can be tailored to suit individual needs.
BHSI can provide both D&O Liability and PI coverage to customers on a direct insurance basis in the Dubai International Financial Centre or on a reinsurance basis elsewhere in the Middle East. Coverage can be provided to both publicly listed and private companies, traditional professions as well as miscellaneous professions and financial institutions.