W.R. Berkley Corp. News

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 …

Agent Support, Ratings Added to Expanding Google Compare

The auto insurance comparison website Google Compare is expanding into Texas, Illinois and Pennsylvania, as well as adding ratings and insurance agent support. That announcement was made Tuesday by Stephanie Cuthbertson, group product manager for Google Compare, at Google’s annual …

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, …