W. R. Berkley Corporation has announced the formation of Berkley Specialty Excess.
The subsidiary is created to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries.
John Termini has been named President of the new business, effective immediately.
W. Robert Berkley, Jr., the President and Chief Executive Officer of W. R. Berkley Corporation, commented, “The specialty excess market continues to offer attractive opportunities. John brings to Berkley deep expertise and experience in his areas of focus and we are excited to welcome him to the team.”
Termini is a market veteran and has nearly 30 years of experience in the property and casualty insurance market, with a focus on the environmental and energy sectors.
Throughout his career, he has held various executive and leadership positions.
He most recently served as the Head of the Environmental and Energy Division of a Global Specialty re/insurer. He holds a Bachelor of Science in environmental biology from Salem State University.
