Berkshire Hathaway Overview
Berkshire Hathaway Specialty Insurance began in 2013 when Berkshire Hathaway Inc. announced that they were moving into commercial insurance. From there Berkshire Hathaway Specialty insurance has gone from strength to strength fuelled by stellar financial strength and have become a strong and trusted insurance partner. Berkshire Hathaway Speciality Insurance provide a wide range of covers throughout the world and come with a worldwide team of experts and professionals with excellent capabilities and character that TLC Insurance can draw on. Berkshire Hathaway Specialty Insurance is committed to its excellence in claims handling and brings efficiency and transparency to all aspects of the claims process, something TLC Insurance regards itself highly in.
Berkshire Hathaway Speciality Insurance Rating Information
Berkshire Hathaway Specialty Insurance underwrites on the paper of Berkshire Hathaway’s National Indemnity group of insurance companies which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Their large and stable balance sheet gives the exceptional ability to take on complex risks and provide consistent capacity and flexible solutions. It also gives the utmost confidence when it comes to claims time.
The current Insurer financial strength ratings of the Berkshire Hathaway Specialty Insurance Market are as follows:
| Standard & Poors | AA+ (Very Strong) | |
| A.M. Best | A++ (Superior) |
The Standard & Poor’s Financial Strength Rating Scale:
AAA Extremely Strong / AA Very Strong / A Strong
BBB Good / BB Marginal / B Weak
CCC Very Weak / CC Extremely Weak / C Regulatory Action
SD Selective Default / D Default / NR Not rated
The A.M Best Financial Strength Rating Scale:
A+ (Superior) / A (Excellent)
B+ (Good) / B (Fair)
C+ (Marginal) / C (Weak)
D (Poor)
Benefits to TLC partnering with Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance national indemnity group of insurance companies offer the security of a top-rated balance sheet and the expertise of a worldwide team of professionals. This paired with the successful heavy machinery platform TLC Insurance has made in New Zealand over the past 22 years forms a strong position in the heavy machinery market.
Vero Liability Overview
Liability is a very serious part of what TLC does in providing complete cover for our contractors. Cover for liability goes hand in glove with the cover on the plant and if insured separately, it can create gaps in cover which has the potential to leave the client stranded in between.
We have therefore sought the very best insurer to protect our clients' legal interests – Vero Liability is such an Insurer, committed to providing its products and services via professional insurance brokers and agents.
Vero Liability understands that its clients and insurance advisors require dependable underwriting and claims management services. In recognition of this Vero Liability is committed to providing insurance that actually fits with the requirements of the insured and is proud to have people with the experience, skill and commitment to deliver the best service and value to insurance buyers backed up with an unrivalled claims service.
HEAD OFFICE
127 Second Avenue, Tauranga 3110
PO Box 7006, Tauranga 3148
Phone. +64 7 544 6686
Freephone. 0800 TLC INS (0800 852 467)
Email. info@tlcinsurance.co.nz
