Berkshire Hathaway Expands Specialty Insurance in Europe

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Berkshire Hathaway International Insurance Limited ( “Bhilai”) today announced that it will offer specialty insurance solution for Europe with its subsidiary company Berkshire Hathaway, the insurance profession ( “BHSI”) (subject to approval by the regulatory authorities), and named Tom Bolt as President, United Kingdom, Southern Europe, in force on June 1 and Gregor Koehler as president, Northern Europe, effective immediately. Mr. Bolt will assume the role of CEO, he and Mr. Köhler will also be members of the board of directors of Berkshire Hathaway International Insurance Limited, is also subject to regulatory approval.

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“Creation of a European capacity is a natural next step in the maturation of BHSI and an important milestone in the development of our global presence,” said Peter Eastwood, President and Chief Executive Officer, BHSI. “We are pleased that the talents of the top-calibre of Tom and Gregor efforts lead to the development team in the UK and Europe.”

Tom Bolt has extensive experience in insurance and reinsurance, covering the UK, Europe and the United States, he recently was Director of Performance Management at Lloyd. Previously, he served as Managing Director of Marlborough Management Agency and spent 25 years in the Berkshire Hathaway Group in various senior managers, including senior vice president of reinsurance division and Managing Director Tenecom and BHIIL.

Mr. Bolt received a BA and an MBA from Northwestern University. He will be based in London.

Mr. Köhler comes to the operation of 30 years of insurance experience, and risk management. He was most recently President and CEO of Pallas Versicherung, AG, the global Bayer Group insurance division.

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Previously, he served as senior vice president of Marsh Inc., and managing director, corporate risk management and insurance in Bertelsmann AG, the global media and services company. He was also the AVP and senior vice president of corporate risk management and insurance Mannesmann AG (Now Vodafone). He received a master’s degree in business administration at the University of Applied Sciences in Cologne, Germany.

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