Berkshire Hathaway Specialty Insurance (BHSI) has announced that it is moving into the surety market, focusing on contract surety business.
The company has appointed Geoff Delisio as Senior Vice President, Surety, reporting to David Bresnahan, Executive Vice President, BHSI.
"Our credit quality and willingness to take on significant contracting exposure will get us off to a fast start in the surety marketplace. Along with a strong balance sheet, we bring to the table the trust and integrity long associated with the Berkshire Hathaway brand, values that resonate positively with our customers and brokers," David said.
"With Geoff on board, we will be building a multi-disciplinary team of surety underwriting, claims and legal professionals to serve the needs of our construction customers and brokers for the long term," he added.
Geoff comes to BHSI with 13 years of surety experience, most recently as Senior Vice President, Surety, at Zurich. A certified Professional Engineer, Geoff spent a decade at a national geotechnical and civil engineering company.
He holds a master’s degree in Business Administration from Northeastern University and a bachelor’s degree in Civil Engineering from Ohio State University.