Reinsurance News
W. R. Berkley
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
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
