Berkshire Hathaway Specialty Insurance To Acquire MyAssist Inc.

BOSTON--()--Berkshire Hathaway Specialty Insurance today announced that it has signed an agreement to purchase from Noel Group the assets of MyAssist Inc., a live-agent personal-assistance and telematics service provider.

John Noel, Founder, Chairman and CEO of Noel Group, will continue to head the MyAssist operations and focus on growing its business globally.

"MyAssist, with its record of innovative and outstanding service, fits extremely well with Berkshire Hathaway," said Peter Eastwood, President of Berkshire Hathaway Specialty Insurance. “Its unique capabilities complement our existing positions in insurance and customer service, and will help us extend our brand and create new business opportunities.”

“We are honored to be part of the world-class group of companies that is Berkshire Hathaway. This opportunity allows us to grow our businesses and enhance the high-quality experience currently enjoyed by MyAssist customers,” said Noel, a pioneer in the travel-insurance and telematics industries.

"We are approaching potential acquisitions strategically and thoughtfully as we build our business for the long term,” Eastwood said. “We believe MyAssist’s list of customers speaks volumes about the appeal of its products and the quality of its services.” Corporate customers of MyAssist include Ford Motor Company, Mercedes-Benz USA, and Verizon Telematics.

About Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) is a division of the Berkshire Hathaway Group of Insurance Companies and provides commercial property, casualty, healthcare liability, executive and professional lines insurance and programs for customers across the U.S. Berkshire Hathaway Specialty Insurance underwrites on the paper of Berkshire Hathaway's National Indemnity group of companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has regional underwriting offices in Atlanta, Chicago, Los Angeles and New York. For more information, contact info@bhspecialty.com.

About MyAssist

Guidance, support and assistance – with anything, at anytime, from anywhere: That’s MyAssist™, a unique live-agent personal-assistance and concierge service from the Noel Group. MyAssist was created by John Noel to provide around-the-clock access to experts in travel and reservation services, online research, emergency services, and medical assistance. Learn more about MyAssist at myassist.com.

Contacts

Berkshire Hathaway Specialty Insurance
Camille MacIsaac, 617-936-2916
or
Noel Group
Brad Rutta, 715-295-9030

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Contacts

Berkshire Hathaway Specialty Insurance
Camille MacIsaac, 617-936-2916
or
Noel Group
Brad Rutta, 715-295-9030