Insurance holding company W. R. Berkley Corporation has announced the formation of Berkley Embedded Solutions and appointed Stephanie Lloyd as President, effective immediately.
Berkley Embedded Solutions will leverage advanced technology and purpose-built digital offerings, enabling customers to access tailored insurance solutions at the point of need, while benefiting from W. R. Berkley’s underwriting strength and extensive network.
Lloyd will head the new business as president. She brings two decades of experience in the property and casualty insurance business.
Through her career, the executive has held leadership roles that spanned underwriting, product development, and distribution. She most recently served as CEO of LiveWell by Zurich and prior to that president of Toggle Insurance.
Before Toggle, Lloyd spent 15 years of her career at Farmers insurance, where she held a number of roles since joining the company in 2007.
Commenting on the appointment W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said: “Stephanie is recognized as a pioneer in the embedded insurance market, having launched and scaled a successful embedded platform serving customers across several global consumer brands.
“Berkley Embedded’s value proposition will be offering traditional insurance industry expertise while simultaneously meeting customers where they want to be met. We are delighted to have Stephanie lead Berkley’s efforts along this important frontier.”
