Reinsurance News
WR berkley
Clear evidence re/insurance industry is still cyclical: W. R. Berkley CEO
21st October 2025
Re/insurance market dynamics through the third quarter shows that the industry is still cyclical, and while there's still margin in the property catastrophe reinsurance business, it is eroding and is no longer as attractive as it was in recent times, with further softening expected, according to Rob Berkley, Chief Executive ... Read the full article
W.R. Berkley launches branch office in India
20th December 2024
W.R. Berkley Corporation has announced that Berkley Insurance Company has received regulatory approval from the International Financial Services Centres Authority (IFSCA) to launch a branch office in India. The new branch, Berkley Insurance Company, IFSC Branch GIFT City, Gujarat, marks a notable milestone for Berkley Insurance Asia as it continues to ... Read the full article
Lucas Prahl named President of Berkley Human Services
4th July 2024
W. R. Berkley Corporation, a property and casualty re/insurer, has announced the appointment of Lucas Prahl as President of Berkley Human Services, a Berkley company. Prahl succeeds Roger Nulton, who has been named Chairman of the business after serving as President for nearly a decade. Nulton will continue to support Prahl ... Read the full article
Trisura Group reveals new senior management team
14th June 2024
Trisura Group Ltd, a specialty insurance provider operating in surety, risk solutions, and corporate insurance, announces several senior management appointments across the organisation. Richard Grant, who has been with Trisura Canada since its inception, has been appointed Chief Underwriting Officer. Initially leading the Corporate Insurance practice and most recently serving as ... Read the full article
W.R. Berkley sees net investment income rise 28.8% to $223.4 million in Q1
21st April 2023
In its Q1 2023 results, re/insurance holding company W.R. Berkley Corporation reported that net investment income grew almost 29% as an increasingly greater portion of its fixed-maturity portfolio was (re)invested at higher interest rates. "We maintained the short duration and high quality of our fixed-maturity portfolio, given the inverted yield curve ... Read the full article
Shadi Albert named President of Berkley Luxury Group
30th March 2023
W. R. Berkley Corporation has appointed Shadi Albert as president of Berkley Luxury Group, a premier insurer for luxury condos, co-ops, rentals, and upscale restaurants. Berkley describes Albert as an experienced P&C insurance executive who holds almost two decades of industry involvement. He has a track record of positioning operations for ... Read the full article
WR Berkley hires Lynn Neville as senior vice president for claims
7th December 2022
W. R. Berkley Corporation has named Lynn Neville as senior vice president for claims. Nevill is a new hire to the company, having been executive vice president and global head of insurance claims for Sompo International, a firm that she left in November. She is based in Charlotte, US, and W. R. ... Read the full article
We’re not shy to lean into property cat reinsurance: W. R. Berkley CEO
25th October 2022
Commercial lines property and casualty insurance holding company, W. R. Berkley, has been making plans and positioning itself to take advantage of rising prices in the property catastrophe arena, with the company's President and Chief Executive Officer (CEO), W. Robert Berkley, saying that it could become a meaningful part of ... Read the full article
WR Berkley releases Q3 results, with GWP up over 11%
25th October 2022
WR Berkley has reported its Q3 2022 results, saying that gross written premiums (GWP) in the period were $3bn up from $2.7bn in the same period from the prior year. Net premiums written, said the firm, also rose between the two periods, from $2.3bn in Q3 2021 to $2.5bn. The firm said ... Read the full article
WR Berkley names Michael Marcus as new president of Berkley Industrial
19th May 2022
WR Berkley had appointed Michael Marcus to be the new president of Berkley Industrial Company, succeeding Chandler F. Cox, Jr. Cox, meanwhile, has been appointed the chairman of the business. It is understood that both appointments are to be effective immediately. W. Robert Berkley, Jr., president and chief executive officer of WR ... Read the full article
WR Berkley appoints Scott M. McDonough as president of MEC
27th April 2022
WR Berkley has named Scott M. McDonough as president of Midwest Employers Casualty (MEC), succeeding Timothy Galvin. The company said, meanwhile, that Galvin will become chairman of MEC. Both appointments are to be effective immediately. J. Robert Berkley, Jr., president and CEO of the company, said: “We are exceptionally grateful to Tim ... Read the full article
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