Reinsurance News
W. R. Berkley
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
WR Berkley posts $65mn COVID-19 hit for Q1
22nd April 2020
Re/insurance holding company W. R. Berkley’s first quarter results have included a $65 million preliminary provision for COVID-19 related claims activity. The company said it is continually monitoring the rapidly evolving legal and regulatory environment and the potential impact it will have on the re/insurance industry. Q1 also saw net premiums written ... Read the full article
W. R. Berkley makes senior exec appointments
8th April 2020
W. R. Berkley Corporation has announced the appointment of Robert Standen as Executive Vice President with oversight responsibility for certain operating units. At the same time, the company said that Scott Holbrook will succeed Standen as President of Key Risk Insurance, a Berkley Company. Standen joined Key Risk Insurance in 2003 as ... Read the full article
Maureen Hackett named President of Berkley Luxury Group
5th March 2020
W. R. Berkley Corporation has announced the appointment of Maureen Hackett as President of Berkley Luxury Group, its division focused on upscale residential condo, co-op and rental properties and fine dining restaurants. She takes over the role from William Johnston, who has been appointed as Chairman of Berkley Luxury Group. Hackett most ... Read the full article
WR Berkley adds Marina Barg as SVP, claims
5th February 2020
Re/insurance holding company W. R. Berkley Corporation has appointed Marina Barg as senior vice president, claims. Barg’s appointment is effective immediately and she joins from The Navigators, where she most recently served as chief claims officer for US insurance. She brings over 15 years of experience in the property and casualty sector, ... Read the full article