Authorisation to carry on insurance business
Insurance Act 1973
TO: Berkshire Hathaway Specialty Insurance Company ABN 84 600 643 034 (the Applicant)
Level 18 Deutsche Bank Place, 126 Phillip Street, Sydney, NSW 2000
SINCE the Applicant applied to APRA under subsection 12(1) of the Insurance Act 1973 (the Act), on 11 July 2014 for authorisation to carry on insurance business in Australia;
I, Brandon Kong Leong Khoo, a delegate of APRA, under subsection 12(2) of the Act, AUTHORISE the Applicant to carry on insurance business in Australia.
This Authorisation takes effect on the date it is signed. Dated: 22 April 2015
[Signed]
Brandon Kong Leong Khoo Executive General Manager Diversified Institutions Division
Interpretation Document ID: 217591
In this Notice
APRA means the Australian Prudential Regulation Authority.
insurance business has the meaning given in section 3 of the Act.
Note 1
Under subsection 12(4) of the Act, if APRA authorises an applicant, APRA must give written notice
to the applicant and ensure that notice of the authorisation is published in the Gazette.
Note 2
Note 3
APRA may revoke an authorisation in accordance with sections 15 and 16 of the Act.
Under subsection 13(1) of the Act, APRA may, at any time, by written notice to a general insurer,
impose conditions or additional conditions or vary or revoke conditions imposed on the insurer’s authorisation under section 12 of the Act. The conditions must relate to prudential matters.