Nomad Insurance, Kazakhstan's premier insurance firm with a "BB+" rating from Standard & Poor's, achieved a milestone by forming a strategic partnership with Berkshire Hathaway Specialty Insurance (BHSI), part of Warren Buffett's Berkshire Hathaway.

BHSI, a key player in the insurance and reinsurance sectors, has a turnover exceeding almost $75bn (about KZT 34 trillion). The company is discerning in its partnerships, collaborating with only one insurance partner in each of the 178 countries it operates in. Founded in 2008, BHSI employs over 1,000 people worldwide and is headquartered in Omaha, Nebraska.

Warren Buffett, the "Oracle of Wall Street," serves as the Chairman and CEO of Berkshire Hathaway. Founded in 1889, Berkshire Hathaway has grown into a leading investment company under Buffett's leadership, with a portfolio that includes shares in notable brands such as Coca-Cola, Apple, American Express, and Bank of America.

Through this partnership, BHSI clients with operations in Kazakhstan can now access the comprehensive insurance services provided by Nomad Insurance, covering all activities authorized by the company's license.

Shakir Iminov, Head of PR Service at Nomad Insurance, stated, "This is a significant event for Kazakhstan's insurance market. The confidence of Berkshire Hathaway Specialty Insurance (BHSI) is a testament to Nomad Insurance's expertise and financial stability, highlighting the growing appeal of Kazakhstan's insurance market to international investors."

Established in January 2004, Nomad Insurance holds a license for "General Insurance" and operates in three major cities and 17 regions throughout Kazakhstan. The company holds an international rating from Standard & Poor's: BB+ with a stable outlook and a national credit rating of kzAA.

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