W.R. Berkley Corporation has appointed Michael Fujii as president of its newly formed Berkley Custom Insurance Managers unit in Stamford, Conn.
Fujii has over 35 years of experience in the specialty property/casualty insurance industry, including more than 20 years as a senior executive. He previously was president and CEO of Endurance Worldwide Insurance Ltd.
The company said its Berkley Custom Insurance Managers unit will focus on the excess casualty insurance market and will underwrite on behalf of W.R. Berkley Corporation member insurance companies.
“Berkley Custom Insurance Managers will offer products and services in markets that complement those of our existing excess casualty businesses, broadening our reach and enabling us to serve an even greater number of clients,” W.R. Berkley CEO William R. Berkley stated. He added that the experience and expertise that Fujii brings to W. R. Berkley will enhance the company’s participation in the specialty segment.
Founded in 1967, Greenwich, Conn.-headquartered W.R. Berkley is an insurance holding company that is among the largest commercial lines writers in the United States.
The company operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international. In April, W.R. Berkley reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase from one year ago.