Reinsurance News

W. R. Berkley

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

W. R. Berkley promotes both John Littzi and Neil Keenan

23rd June 2020

W. R. Berkley Corporation, a U.S. domiciled insurance holding company, has announced the appointments of John Littzi as senior vice president, deputy general and Neil Keenan as vice president, senior counsel, effective immediately. Keenan takes over from Littzi who has served as vice president, senior counsel since 2013, having joined the ... Read the full article

COVID-19 to ‘turbocharge’ pricing trends, says WR Berkley

29th May 2020

As COVID-19 related losses and uncertainty permeates throughout the marketplace, W.R. Berkley leadership has told Credit Suisse that they expect prior pricing trends and Excess and Surplus growth to become 'turbocharged'. Prior to COVID-19's outbreak, WRB says P&C insurance industry was in a period of transition, with acceleration in insurance rates ... Read the full article

WR Berkley’s Ira Lederman to step down as EVP, Secretary

28th May 2020

Re/insurance holding company WR Berkley has announced that Ira Lederman will step down as executive vice president and secretary on June 1. He will continue as Of Counsel and assistant secretary. Lederman boasts a 40 year legal career and joined the company in 1983 as associate counsel. He was appointed senior vice president, ... Read the full article

W/R/B Underwriting appoints trio to property team

29th April 2020

Berkley company W/R/B Underwriting has announced the appointments of Olly Durell, Dan Black and Sarah Reeve to its senior property team. Dan Black has joined as Senior Underwriter from MS Amlin where he spent 10 years in the Global Direct and Facultative (D&F) property team. Sarah Reeve has also joined as Senior ... Read the full article

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