W.R. Berkley News

W.R. Berkley Taps Morgan Stanley’s Abbey for Strategy Post

W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. Abbey previously worked as a banker focusing on mergers and acquisitions, corporate restructurings and capital-raising …

RLI’s Dunn Named Carolina Casualty CEO

W. R. Berkley Corp. has appointed David A. Dunn as president and chief executive officer of its trucking insurance specialist, Carolina Casualty. Dunn has 40 years of experience in the property/casualty insurance industry, principally in the specialty transportation segment. Most …

13 Specialty Insurers Emerging As Takeover Targets: S&P

Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …

W.R. Berkley Forms Construction Professional Liability Unit; Bustamante to Head

W. R. Berkley Corp. announced the creation of Berkley Construction Professional Liability Underwriters to provide professional liability, pollution liability and protective coverages for contractors and project owners across all forms of non-environmental construction. Products will be available on both a …

W.R. Berkley Reports Q4 Premium Growth, Net Income Drop

W.R. Berkley Corp. reported a stellar fourth-quarter in terms of premium growth, but net income dipped at year-end due in part to investment return challenges. Berkley’s 2014 Q4 net income is booked at $110.7 million ($0.83 per diluted share), versus …

W. R. Berkley Names McPherson as VP in Predictive Modeling Unit

W. R. Berkley Corp. announced the appointment of Robert L. McPherson as vice president. The appointment is effective immediately. He will lead the corporate team responsible for providing technical expertise and advice in designing and implementing predictive modeling at the …

Berkley FinSecure Forms Berkley Crime Unit

Berkley FinSecure, a W .R. Berkley company based in Towson, Md., has launched Berkley Crime, an operating unit focused solely on offering  crime-related insurance products. The crime underwriting team of Berkley FinSecure, which was originally established in 2008 as part …

W.R. Berkley Posts Q1 Gains But Cites ‘Painfully Competitive’ Reinsurance

For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed overall gains in net income, gross premiums written and returns on equity. …

Berkley Underwriting Partners Changes Name to Berkley Program Specialists

Berkley Underwriting Partners, a W. R. Berkley company, has changed its name to Berkley Program Specialists. The company said the change better reflects its sole focus on program business. “We decided to change our name to better reflect what we …

Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business

Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life Sciences is able to secure locally accepted insurance …