Reinsurance News

W. R. Berkley

W. R. Berkley names president of agriculture business

10th March 2021

W. R. Berkley Corporation has appointed Bradley T. London as president of Berkley Agribusiness, succeeding Michael Ekiss who will continue to engage on special projects and initiatives throughout W. R. Berkley Corporation. London has nearly 30 years of experience in the insurance industry with a particular focus on underwriting for agricultural businesses. Most ... Read the full article

W. R. Berkley hires David Brosnan as CEO of managing agent

5th February 2021

Re/insurance holding company W. R. Berkley has appointed David Brosnan as chief executive officer of W. R. Berkley Syndicate Management, the Lloyd’s managing agent for W. R. Berkley Syndicate 1967. Brosnan has over 35 years of insurance industry experience, serving in various executive leadership roles at a number of global insurance ... Read the full article

Berkley Re Solutions launches workplace violence protection cover

28th January 2021

Berkley Re Solutions, a subsidiary of Insurance holding firm Berkley has announced a new reinsured turn-key solution designed to help companies respond to workplace violence. A host of specific coverages and services that help organisations prepare for, respond to and recover from a workplace violence tragedy have been developed. As part of ... Read the full article

W. R. Berkley posts strong Q4, net income hits $312mn

27th January 2021

Insurance holding firm  W. R. Berkley recorded an all-time record net income of $312.2 million in the fourth quarter of 2020, driven by a 9% growth in gross premiums written. Net investment income grew 32%, despite a defensive position in fixed-maturity securities, where the company maintains a relatively short duration and ... Read the full article

W. R. Berkley targets third-party capital with launch of Lifson Re

29th December 2020

Lifson Re Ltd., a new special purpose insurer registered in Bermuda and licensed by the Bermuda Monetary Authority (BMA), has been launched by W. R. Berkley Corporation. The new sidecar-type structure has been capitalised with more than $250 million of equity from a small group of global investors with long-term investment ... Read the full article

Berkley North Pacific makes leadership hire

17th December 2020

Re/insurance holding company W.R Berkley has appointed Carrie Cheshier president of Berkley North Pacific. Cheshier has over 30 years of industry experience in leadership, distribution management, underwriting, operations and claims. She most recently served as a regional president for a Travelers, where she was with the company for over 20 years. She will ... Read the full article

WR Berkley appoints Thomas Joyce as president of Nautilus

29th October 2020

Re/insurance holding company W. R. Berkley has announced the appointment of Thomas Joyce as president of Nautilus Insurance Group, a Berkley company. He succeeds Thomas Kuzma, who has been named chairman, in the new year. Joyce joined Nautilus as senior vice president of claims in 2015 before serving as Chief Underwriting Officer in ... Read the full article

W.R. Berkley posts 93.7% combined ratio for Q3 despite cat impacts

21st October 2020

W.R. Berkley Corporation has reported operating income of $121.1 million for the third-quarter of 2020 and a combined ratio of 93.7%, despite the impacts of catastrophe events in the period. Operating income fell slightly from the $163.7 million reported for the third-quarter of 2019, while the insurer's net income also fell ... Read the full article

WR Berkley appoints Timothy Nelligan president of Continental Western Group

25th September 2020

Re/insurance holding company WR Berkley has announced the appointment of Timothy Nelligan as president of Continental Western Group, a Berkley Company (CWG). Nelligan joins with nearly 30 years' experience in the property casualty insurance industry and was previously a division director at The Hartford. “We are excited to welcome Tim to Berkley," said ... Read the full article

Berkley Offshore Underwriting Managers launches ocean cargo line

22nd September 2020

Berkley Offshore Underwriting Managers, a subsidiary of W. R. Berkley Corporation, has announced the launch of an ocean cargo product line within its marine division. This new product will focus on providing coverage for cargo in transit, cargo stock throughput, and project cargo as offerings to US domiciled companies. Mark Bernas has ... Read the full article

W. R. Berkley makes two senior appointments

9th September 2020

Re/insurance holding company, W.R Berkley has announced the appointments of David R. Lockhart as president of Carolina Casualty, a Berkley Company, along with Jason R. Lewis, who is to be the new president of Gemini Transportation Underwriters, a Berkley Company. Lockhard will be succeeding David A. Dunn, who will continue to ... Read the full article

Brian Griffith named President of Berkley Aspire

10th August 2020

W. R. Berkley Corporation has announced the appointment of Brian R. Griffith as President of its subsidiary, Berkley Aspire. Effective immediately, Griffith will succeed Miklos F. Kallo, who will continue to support Berkley Aspire throughout the transition and take on certain responsibilities at the corporate level. Griffith joins the company with nearly ... Read the full article

WR Berkley CEO eyeing reinsurance division growth

23rd July 2020

WR Berkley's President and Chief Executive Officer W. Robert Berkley says we will see his company grow its reinsurance division more and more as discipline returns to the market. Berkley stated that this growth will likely have an impact on how much business the company chooses to cede to the marketplace. In addition ... Read the full article

W. R. Berkley reports fall in Q2 net income as CR hits 98.7%

22nd July 2020

W. R. Berkley has reported a roughly 67% year-on-year decline in net income to $71 million for the second-quarter of 2020, while its combined ratio deteriorated to 98.7% in the period. In mid-July, the company warned of expected net catastrophe losses of approximately $145 million, pre-tax for Q2 2020, comprised ... Read the full article

W. R. Berkley puts Q2 cat losses at $145mn; includes $85mn COVID-19 hit

13th July 2020

W. R. Berkley Corporation has revealed that it expects to incur net catastrophe losses of roughly $145 million (pre-tax) for the second-quarter of 2020, most of which is attributable to the COVID-19 pandemic. The firm estimates that approximately $85 million, or 59% of its Q2 loss estimate relates to the ongoing ... Read the full article

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