W.R. Berkley Corp. News

W.R. Berkley Combines U.S. Broker Reinsurance Units

W. R. Berkley Corp. said it has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM) name. Berkley Re America is a …

Capital Ownership, Cost a Challenge for Insurance Industry: Berkley CEO

The U.S. economy is evolving in many ways, most significantly when it comes to both the cost of capital and the ownership of capital, and that change in capital ownership is a challenge for the insurance industry, according to William R. Berkley, chairman …

Google Compare for Car Insurance Has Arrived

Google Compare for car insurance was introduced on Thursday in California, “with more states to follow,” the tech giant said. “Google Compare for car insurance provides a seamless, intuitive experience for connecting with your customers online,” the company said in …

Berkley: Google’s Entry Into Auto Insurance Should Frighten Agents

That Google is getting into auto insurance should have the voice in the head of every agent who sells personal auto coverage saying: “Be afraid, be very afraid.” OK, that’s not exactly how W.R. Berkley Corp. CEO William R. Berkley …

W.R. Berkley’s Q3 Net Income Rises 37% to $189M

W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income reported a year ago. The Greenwich, Connecticut-based insurer’s net premiums written for the third quarter were $1.525 billion, …

Acadia Insurance in Maine Announces 2 Promotions

Acadia Insurance, a Westbrook, Maine-based subsidiary of W.R. Berkley Corp., promoted David LeBlanc to senior vice president, chief underwriting and marketing officer; he will be based in Acadia’s home office in Westbrook. Acadia Insurance also promoted Sharon Pontes to regional …

Acadia Insurance in Maine Announces 2 Appointments

Acadia Insurance, a Westbrook, Maine-based subsidiary of W. R. Berkley Corp., announced two appointments in its specialty marine unit.Acadia Insurance said Mark Groenheide will assume the role of assistant vice president, specialty marine. In his new role, he will be …

W.R. Berkley Q4 Profit Declines 21% to $130M; Underwriting Improves

W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income for the full year 2013 was $499.93 million, …

W.R. Berkley Names Littzi As VP, Senior Counsel

Insurance holding company W. R. Berkley Corp. has named John M. Littzi as vice president and senior counsel, where he will responsible for the legal aspects of business development transactions, alternative investments and general corporate matters. The appointment is effective …

W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%

W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in at …