Reinsurance News
W. R. Berkley
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
W.R. Berkley sets up Entertainment & Sports and Environmental units
9th June 2017
W. R. Berkley Corporation today announced the formation of two independent operating units, Berkley Entertainment & Sports and Berkley Environmental, after these segments grew into independently successful businesses and evolved out of Berkley Specialty Underwriting Managers. W. Robert Berkley, Junior president and chief executive officer of W. R. Berkley Corporation, said; “Berkley ... Read the full article
W. R. Berkley’s reinsurance unit falls to underwriting loss in the first-quarter
25th April 2017
W. R. Berkley Corporation's first-quarter 2017 financial results reveal a pre-tax net income decline in its reinsurance segment to roughly $4.6 million, with the firm reporting a reinsurance underwriting loss with a combined ratio of 112.9%, compared with 97.6% a year earlier. Gross premiums written in the firm's reinsurance unit declined by ... Read the full article
Ex-Goldman analyst Nannizzi Joins W. R. Berkley to focus on insurtech investments
19th April 2017
Michael Nannizzi, who was previously the lead equity analyst covering insurance at Goldman, Sachs & Co., is joining insurance and reinsurance group W. R. Berkley Corporation to take on a role focusing on evaluating investments in insurtech start-ups. Reflecting the importance of emerging insurance technology companies in the re/insurance industry, Nannizzi ... Read the full article
W. R. Berkley announces executive hires
19th January 2017
Insurance and reinsurance holding company W. R. Berkley Corporation has announced a number of executive appointments, including Melissa M. Emmendorfer as Senior Vice President (SVP), Underwriting. Prior to her appointment Emmendorfer served as Vice President (VP), insurance risk management at the firm, after joining its reinsurance unit, Berkley Re America as a SVP ... Read the full article
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