W.R. Berkley Corp. News

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 …

W.R. Berkley’s FinSecure Appoints P/C Chief Underwriting Officer

FinSecure — a W.R. Berkley Corp. member company that focuses on insurance for financial institutions — announced that Elizabeth Loft Good has joined the company as vice president and chief underwriting officer of property/casualty. In this newly created role, Good …

Hill Program Managers, Berkley Custom Insurance Form Underwriting Agreement

Denver-based Hill Program Managers, LLC has formed an agreement to underwrite design professional liability coverage in conjunction with Berkley Custom Insurance Managers, a member company of W. R. Berkley Corp. Hill Programs will underwrite professional liability for architects, engineers, surveyors, …

W.R. Berkley Appoints Levine VP, Chief Marketing Officer

W. R. Berkley Corp. has appointed  Jonathan M. Levine to the office of vice president and chief marketing officer. Levine has 20 years of experience in the field of marketing, most recently at a leading global insurer, according to the …

W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum

W.R. Berkley Corp. reported on Tuesday $116.62 million net income for its 2013 first quarter, representing a 13.6 percent decline compared to $135.32 million income reported during the first quarter of 2012. Net premiums written and the combined ratio both …