Berkshire Extends Commercial Insurance Growth With Delisio

Geoff Delisio was hired from Zurich Insurance as an SVP for surety; he will report to EVP David Bresnahan.

INN Breaking News, June 13, 2014

Craig Giammona

(Bloomberg) -- Berkshire Hathaway Inc.’s specialty insurance business, created last year to expand into new niches, said its latest push is into backing construction projects.

Geoff Delisio, 47, was hired from Zurich Insurance Group AG as a senior vice president for surety, Berkshire Hathaway Specialty Insurance said in a statement today. He’ll be based in Boston and report to Executive Vice President David Bresnahan. Surety insurers can provide guarantees to make sure that construction and industrial projects are completed.

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