W.R. Berkley Corp. News

W. R. Berkley Corp. to Invest in Iowa’s Global Insurance Accelerator, Join Board

The Global Insurance Accelerator (GIA), based in Des Moines, Iowa, announced that W. R. Berkley Corp. (W. R. Berkley), will join the GIA board of directors through a commitment to be an investor. Founded in 1967 and based in Greenwich, …

California’s Enforcement against W.R. Berkley Ends in $12M Settlement

California Insurance Commissioner Dave Jones today announced that the enforcement action taken against W.R. Berkley Corp. entities and operating units has resulted in a $12 million settlement. Admiral Insurance Co., Admiral Risk Insurance Services Inc. nka BXM Insurance Services Inc., …

Berkley Re Direct’s Douglas Expands Responsibilities to Berkley Program Specialists

W. R. Berkley Corp. said that Gregory A. Douglas, president of Berkley Re Direct, has assumed the additional responsibility of president of Berkley Program Specialists. Douglas joined W. R. Berkley Corp. as executive vice president and chief operating officer of …

W.R. Berkley Forms Berkley Insurance Asia, Naming Gangadharan CEO, Yip as COO

W.R. Berkley Corp. announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been named chief executive officer and Aaron Yip has been appointed chief operating officer. The appointments are effective immediately. This new operating unit will begin offering specialty …

Best Revises Issuer Credit Rating Outlook for W. R. Berkley Insurance (Europe)

A.M. Best has revised the issuer credit rating (ICR) outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and the ICR of “a+” of W. R. Berkley Insurance (Europe) Ltd. (WRBIEL). The outlook for the …

Douglas Named VP of BerkleyNet in Atlanta

BerkleyNet, a W. R. Berkley Company, has appointed Brian Douglas as vice president, Marketing & Business Development. Douglas has more than 15 years of experience in the insurance industry. A graduate of Valdosta State University, he holds a Master’s degree …

Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity

W.R. Berkley Corp.’s chairman and CEO slammed the surge of merger and acquisition activity hitting the property/casualty industry in recent months as something driven more by “management ego” than true business needs. “Consolidation that is happening now is frequently about …

Berkley Forms Berkley Global Product Recall Management, Hires Lubrano to Lead

W.R. Berkley Corp. has formed Berkley Global Product Recall Management, a W. R. Berkley Co., to aid all types of businesses throughout the world in the prevention and management of product recall incidences. Products and services will be available through …

Zeitman Named President of Admiral Insurance, Succeeding Carey

Berkley Corp. reported that Steven S. Zeitman has been named president of its excess and surplus lines carrier Admiral Insurance, succeeding James S. Carey. The appointment is effective immediately. Carey passed away in April. Zeitman has nearly 45 years of …

W.R. Berkley Names Ballard, Lederman, Shiel to Executive VP Posts

W. R. Berkley Corp. announced the appointments of Eugene G. Ballard, Ira S. Lederman and James G. Shiel to the offices of executive vice president. Ballard has been with the Greenwich, Conn.-based company since 1999, serving as senior vice president …