Reinsurance News

W. R. Berkley

W.R. Berkley posts record underwriting income

26th April 2022

Re/insurance holding company W. R. Berkley Corporation has posted record underwriting income of $274.4 million for the first quarter of the year. The company’s net income similarly more than doubled from $229.5 million to $590.6 million, while operating income moved from $201.8 million to $306.9 million. During Q1, net premiums written also ... Read the full article

W. R. Berkley reports twofold income growth for 2021

28th January 2022

Re/insurance holding company W. R. Berkley Corporation has reported a nearly twofold increase in net income over 2021, which totaled $1.02 billion for the year, compared with $530.7 million in 2020. Operating income for the year similarly more than double from $438.3 million to $951.9 million. For the Q4 period, net income ... Read the full article

W/R/B Underwriting hires Jaymin Patel as Senior Construction Underwriter

13th December 2021

W/R/B Underwriting, a W. R. Berkley-syndicate, has appointed Jaymin Patel as Senior Construction Underwriter. Patel brings a strong background in both Underwriting and Broking, and will further bolster the capabilities of the team. He joins from Alesco Risk Management Services where he was partner for just over two years. In that position, he ... Read the full article

James Hastings to join WR Berkley Syndicate Mgmt as President

10th December 2021

W. R. Berkley has announced the appointment of James Hastings as president of its Syndicate Management subsidiary, a role that's expected to dovetail into Chief Executive Officer upon the departure of David Bronsen in early 2022. Brosnan will remain on the Board of Directors of the Managing Agency following the transition. Hastings ... Read the full article

W. R. Berkley names Henle as President of Union Standard

9th November 2021

W. R. Berkley Corporation has announced the appointment of John Henle as President of Union Standard Insurance Group (Union Standard), effective immediately. He succeeds B. Keith Mitchell, who has transitioned into a new role as Chairman of Union Standard. Henle joins Union Standard with more than 20 years of multi-line insurance experience, ... Read the full article

Daniel Smyrl named president of Admiral Insurance Group

29th October 2021

W. R. Berkley Corporation has appointed Daniel Smyrl as president of Admiral Insurance Group. He succeeds Curtis Fletcher, who has been named chairman of Admiral. Smyrl joined Admiral in 2002 and most recently served as executive vice president of underwriting. He has nearly 40 years of commercial property and casualty insurance experience in ... Read the full article

W. R. Berkley reports $2.3bn of NPW in Q3

22nd October 2021

Re/insurance holding company W. R. Berkley corporation reported its net premiums written (NPW) increased by 23.7% in Q3, at $2.3 billion compared to $1.8 billion for the same prior year period. Helping its net premium increase was their reinsurance segment, with casualty reinsurance NPW increasing to $194 million whilst its property ... Read the full article

Glen Riddell promoted to lead both Berkley Re Asia & Australia

26th July 2021

Re/insurance holding company W.R Berkley has appointed Glen Riddell to lead its Berkley Re operations in Australia as Chief Executive Officer, alongside his exisiting role as CEO of Berkley Re Asia. He enters the role in the new year, at which point he'll succeed Tony Piper, who will transition into the role of chairman of ... Read the full article

W. R. Berkley posts record Q2 underwriting profit

23rd July 2021

W. R. Berkley Corporation has posted record underwriting profit of $202.2 million for the second quarter of 2021, as net premiums written increased by 27.2%. Overall, the company posted operating income of $219.1 million, compared with just $11.6 million in the same period last year, while its six-month total was $420.8 ... Read the full article

W. R. Berkley names new president of Berkley Fire & Marine

8th July 2021

W. R. Berkley Corporation has appointed David Higley as president of Berkley Fire & Marine. Higley joins Berkley Fire & Marine with over 30 years of commercial property and casualty insurance experience, including more than 10 years in executive leadership roles in the marine market. He most recently served as senior vice ... Read the full article

Michelle Middleton named President of Berkley Mid-Atlantic Group

9th June 2021

W. R. Berkley Corporation has announced the appointment of Michelle D. Middleton as President of Berkley Mid-Atlantic Group (BMAG), its commercial property and casualty insurance business that covers the Mid-Atlantic region of the US. Effective immediately, she succeeds John F. Kearns, who has been named Chairman of the operating unit and ... Read the full article

Charles Thompson to lead new Berkley Management Protection unit

19th May 2021

W. R. Berkley Corporation has announced the formation of Berkley Management Protection, a new operating unit that will deliver a modular suite of management liability products to independent agents. Charles E. Thompson has been named as President of the unit, bringing 26 years of management experience to the role, both in ... Read the full article

Eppolito takes over as President of Berkley Oil & Gas, Randall named Chair

4th May 2021

Linda Eppolito has been named as President of Berkley Oil & Gas, succeeding Carol Randall, who has taken on the role of Chairman of the operating unit, effective immediately. Eppolito joined W.R. Berkley's Oil & Gas division in July of 2010, most recently serving as its Chief Financial Officer (CFO). She brings ... Read the full article

Clare Himmer appointed president of Berkley Re UK

29th April 2021

W. R. Berkley Corporation has appointed Clare Himmer as president of Berkley Re UK. Himmer has just under 30 years of experience in the reinsurance industry with a particular focus on the London and international markets across multiple classes of business. Most recently, she led the London subsidiary of a specialty Bermuda ... Read the full article

W. R. Berkley posts record quarterly underwriting gain for Q1

21st April 2021

W. R. Berkley Corporation has reported net income of $229.5 million and a quarterly underwriting gain of $182.6 million for the first-quarter of 2021. The company's net income improved significantly from the $4.4 million loss reported a year earlier, while underwriting income reached a quarterly high. Both gross and net premiums written ... Read the full article