W. R. Berkley Corp. has appointed Joseph Sullivan as president of Facultative Resources Inc. He is based in Stamford, Connecticut.
Facultative Resources is a broker market casualty, professional liability and property facultative underwriting manager for its affiliate, Berkley Insurance Company, a U.S. domestic professional reinsurance company and a member company of W. R. Berkley Corp.
Sullivan succeeds Gerald King, who has been appointed vice chairman of Berkley Facultative Reinsurance Services, LLC.
Sullivan, who has over 20 years of experience in property/casualty reinsurance, most recently served as Fac Re’s executive vice president and chief operating officer, having joined W. R. Berkley Corp. in 2010.
Founded in 1967, Greenwich, Conn.-headquartered W. R. Berkley Corp. is an insurance holding company that is among the largest commercial lines writers in the United States and operates in five segments of the property/casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance, and international.