Berkshire Hathaway Introduces Berkshire Hathaway Specialty Insurance

Thanks to Will for passing this along.

Berkshire Hathaway announced today that Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S.

"It's official: We are moving into commercial insurance in a substantial way, and we are here to stay," said Warren E. Buffett, CEO of Berkshire Hathaway Inc. "With our proven underwriting discipline and financial strength, along with a stellar management team, Berkshire Hathaway Specialty Insurance is a welcome solution for customers seeking large-scale property and casualty capacity for the long term."