Reinsurance News
W. R. Berkley
W. R. Berkley makes senior executive changes
30th January 2020
W. R. Berkley Corporation has announced the additions of James Gilbert as Executive Vice President - enterprise technology and Nelson Tavares as Executive Vice President with responsibility for the oversight of certain operating units. Since 2018, Gilbert has served as Executive Vice President with responsibility for the oversight of certain operating ... Read the full article
W.R. Berkley reports $114m Q4 underwriting profit, 9% rate rises
29th January 2020
Re/insurance holding company W.R. Berkley Corporation saw its fourth quarter underwriting income increase 71.1% against the prior year quarter to $114.7 million, while average rate increases excluding workers' compensation were approximately 9%. The company noted that, as rate increases remain robust, it expects continued opportunities to grow the top line. Gross and ... Read the full article
W. R. Berkley names Levesque as President of Preferred Employers Insurance
7th January 2020
W. R. Berkley Corporation has announced the appointment of Dennis J. Levesque as President of Preferred Employers Insurance, effective immediately. He succeeds Steven A. Gallacher, who has been appointed Chairman of Preferred Employers Insurance. Levesque has over 30 years of experience in the property casualty insurance business, including in leadership positions for ... Read the full article
Tremor helps W. R. Berkley secure $600mn capacity for property cat renewal
10th December 2019
Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has helped W. R. Berkley to price and place the renewal of its 2020 Property Catastrophe Program, securing $600 million of capacity from more than 50 reinsurers. The marketplace process enabled reinsurers to log in and submit blind sealed bids over a ... Read the full article
W. R. Berkley adds Talisman to board
11th November 2019
Re/insurance holding company W. R. Berkley Corporation has appointed Jonathan Talisman to its board of directors as a director. The move increases the number of board members to eleven and independent directors to nine. Talisman is a founder and managing partner of Capitol Tax Partners. Before forming the company in 2001, he ... Read the full article
Further rate increases boosts WR Berkley in Q3
23rd October 2019
W. R. Berkley achieved over 7% rate increases across all lines excluding workers’ compensation in the third quarter of 2019, a trend the re/insurance holding company expects to persist for the foreseeable future. The firm cites growing opportunities presented by current market conditions, including accelerating rate increases, as having helped drive ... Read the full article
WR Berkley names David LeBlanc as Acadia president
18th October 2019
Re/insurance holding company WR Berkley Corporation has promoted David LeBlanc to serve as president of Acadia Insurance, its commercial property and casualty subsidiary. LeBlanc succeeds Douglas Nelson, who joined as president in 2011 and will now transition to chairman of Acadia. With over 35 years’ experience in the P&C insurance space, LeBlanc ... Read the full article
Tremor reaches $1bn of reinsurance quotes, adds new investors
4th September 2019
Tremor Technologies, the programmatic risk transfer platform, has passed $1 billion of total reinsurance quotes and lines bound of nearly $500 million, and has announced $10 million in financing from new investors. The company has now completed six reinsurance placements, with quotes from more than 70 reinsurers, ILS funds, and Lloyd’s ... Read the full article
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