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Reinsurance News

W. R. Berkley

W.R. Berkley Q2 results boosted by “accelerating” market firming

24th July 2019

W. R. Berkley achieved 5% rate increases, excluding workers’ compensation, in the second quarter of 2019, with catastrophe-exposed property “clearly out in front.” President & Chief Executive Officer, William Robert Berkley Jr., noted in an earnings call yesterday that the company is seeing rate increases across the board except for workers’ ... Read the full article

W. R. Berkley appoints Daniel Westcott as President of Berkley Re America

9th July 2019

W. R. Berkley has announced the appointment of Daniel R. Westcott as President of Berkley Re America, its specialty property and casualty (P&C) reinsurance underwriter. Westcott arrives from The Navigators Group, where he most recently served as Chief Operating Officer (COO), Reinsurance. He has more than 20 years’ experience in the P&C ... Read the full article

W. R. Berkley forms Berkley Prime Transportation and names Jeanne Fenster President

28th June 2019

W. R. Berkley Corporation has named Jeanne R. Fenster as President of Berkley Prime Transportation, a newly formed division which will focus on offering primary commercial transportation insurance products across the country, for both standard and preferred risks. The new unit will utilise analytics and technology to create new methods of ... Read the full article

W.R. Berkley appoints Daniel Spragg as President of professional liability unit

18th June 2019

Re/insurance holding company W. R. Berkley Corporation has announced the appointment of Daniel R. Spragg as President of Berkley Select, the company’s professional liability insurance unit. Spragg has over 30 years’ experience in the specialty insurance and consulting industries, and joins Berkley Select after almost 12 years at A&M Insurance & ... Read the full article

Marlo Edwards named President of Berkley’s Verus Underwriting Managers

12th June 2019

Marlo Edwards has been appointed as President of Verus Underwriting Managers, a subsidiary of W.R. Berkley Corporation. Edwards' appointment is effective immediately and she succeeds the retiring Dale Pilkington. She joins the firm with more than two decades of experience in the property and casualty (P&C) insurance sector, most recently serving ... Read the full article

Early, but meaningful signs the market is responding to cat activity: Robert Berkley

24th April 2019

W. R. Berkley Corporation achieved a 6.4% rate increase, excluding workers' compensation, in the first-quarter of 2019, with much of the property market experiencing some of the most meaningful increases. "From our perspective, with the exception of workers' compensation, by and large, every line of business within the commercial line space ... Read the full article

W. R. Berkley appoints Arthur Davis as President of Vela unit

6th February 2019

Re/insurance holding company W. R. Berkley Corporation has appointed Arthur G. Davis as President of its subsidiary, Vela Insurance Services. Davis has more than 30 years’ experience in the property and casualty (P&C) insurance industry and joined Vela in 2018 as Senior Vice President and Chief Underwriting Officer. Prior to this, he ... Read the full article

W. R. Berkley names Gary Gudex President of North Pacific subsidiary

23rd January 2019

Re/insurance holding company W. R. Berkley Corporation has appointed Gary Gudex as President of its subsidiary Berkley North Pacific, effective immediately. Gudex joins the regional commercial property and casualty insurer with over 30 years’ experience in the industry. He has served as Director of Underwriting at the corporation's subsidiary Berkley Net since ... Read the full article

W.R. Berkley announces three senior executive appointments

3rd January 2019

Re/insurance holding company W. R. Berkley Corporation has announced a series of senior appointments, including the addition of Philip S. Welt as Executive Vice President and general counsel. Welt joined W. R. Berkley in 2004 as a Vice President and senior counsel and was named Exec VP with oversight responsibility for ... Read the full article

W.R. Berkley appoints Brad Nieland as CEO of A&H unit

30th November 2018

W.R. Berkley Corporation has appointed Brad N. Nieland as President and Chief Executive Officer of its subsidiary, Berkley Accident and Health (A&H). He will succeed Christopher C. Brown, who has been named as Chairman of Berkley Accident and Health. Nieland has more than 15 years’ experience in the healthcare and A&H re/insurance ... Read the full article

W. R. Berkley appoints Scott Barraclough CEO of public entity unit

26th October 2018

Re/insurance holding company W. R. Berkley Corporation has announced the appointment of Scott Barraclough as Chief Executive Officer of Berkley Public Entity (BPE), a Berkley Company. Curtis Fletcher succeeds Barraclough in his previous role as President of the Berkley company Admiral Insurance. The appointments are effective immediately. Barraclough joined the company in ... Read the full article

W. R. Berkley scales back reinsurance segment in 2018

24th October 2018

W. R. Berkley's reinsurance unit maintained underwriting discipline in the third-quarter of 2018, shrinking the business by 14% to $119 million in light of intense competition and the soft area of the market, according to the firm's Chief Financial Officer (CFO), Richard Baio. The insurance and reinsurance holding company has reported ... Read the full article

W. R. Berkley establishes new Healthcare unit, names head

22nd August 2018

W. R. Berkley Corporation has announced the formation of Berkley Healthcare, a new unit that will provide a broad array of products and services to all types of healthcare providers, and has appointed AIG's Gregg A. Piltch as its President. Berkley Healthcare is comprised of Berkley Healthcare Professional Underwriters, which provides ... Read the full article

Property still challenging, but reinsurance segment isn’t entirely a buyers market: Berkley

27th July 2018

Robert Berkley, the President and Chief Executive Officer (CEO) of W. R. Berkley Corporation, has underlined that while the property segment remains very challenging, in other areas of the reinsurance market, "it's not completely a buyers market." The firm recently announced its second-quarter 2018 results, reporting net income of $180 million ... Read the full article

W.R. Berkley subsidiary announces key promotions

8th January 2018

W. R. Berkley Corporation has named David Lockhart as president of its subsidiary Gemini Transportation Underwriters (Gemini), set to succeed Rocco Modafferi who has been promoted to chairman of Gemini. Lockhart joined Gemini as a senior vice president in 2014 and became executive vice president in 2017. Commenting on the appointments, which ... Read the full article

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