Berkshire Hathaway Specialty Insurance (BHSI), which opened last year and has been adding business lines, has announced its intention to enter the builders' risk insurance market. Robert Tricamo will head the division as VP Construction, a newly created position.
“Builder’s risk is a natural extension of our property and specialty lines expertise,” said Sanjay Godhwani, EVP of property and programs at BHSI. “These new capabilities enable us to round out our construction offering, bringing large-scale capacity and technical underwriting experience to large projects.”
Tricamo will oversee the insurer’s entry into builder’s risk and the ongoing strategy and execution of the product line. He has extensive technical property experience and comes to BHSI from Arch Insurance Group, where he served as the product line manager for builder’s risk. Tricamo has also worked for Quanta US Holdings and Swiss Re.