W.R. Berkley News

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 …

Shores Named President of Berkley’s Monitor Liability Managers

Joseph G. Shores, president of Berkley Select, will undertake the additional responsibility as president of Monitor Liability Managers, according to parent company W.R. Berkley Corp. in Greenwich, Conn. Shores succeeds Sandra C. Nelson, who the company said will be involved …

W. R. Berkley Corp. Creates Berkley Design Professional Underwriters

W. R. Berkley Corp. has launched Berkley Design Professional Underwriters to focus on liability coverage for architects and engineers, nationwide. Products will be distributed through independent agents and underwritten on an admitted basis on behalf of W. R. Berkley Corp. …

W.R. Berkley’s 2012 Q4 Profit Up 41%; $40M in Sandy Loss Reported

W.R. Berkley Corp. said its 2012 fourth quarter net profit was $165.49 million, up 41.4 percent compared to the same period in 2011 when it had $117.03 million profit. For the full-year 2012, the Greenwich, Conn.-based commercial lines insurer reported …

W.R. Berkley Estimates $40-$50 Million Net Loss From Sandy

W.R. Berkley Corp. announced it expects catastrophe losses attributable to Superstorm Sandy will be between $40 million and $50 million, before tax. The Greenwich, Conn.-based insurer said Thursday its loss estimate gives consideration to all currently available reinsurance and is …

W.R. Berkley Names President of B F Re Underwriters in Conn.

Greenwich, Conn.-headquartered W.R. Berkley Corp. announced Gregory A. Douglas has been named president of its B F Re Underwriters unit. The appointment is effective January 1, 2013. Douglas succeeds Daniel L. Avery, who served as president of B F Re …

Berkley Technology to Cover U.S. Tech Business through Lloyd’s

Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter and part of the W.R. Berkley Group, announced that it has “been accredited as a Coverholder on behalf of Lloyd’s of London. As a Coverholder, Berkley Technology Underwriters is able to …

W. R. Berkley Names Jiménez to Top Spanish Post as Esteban Steps Down

W. R. Berkley Corporation announced that Alejandro Jiménez has been promoted to presidente ejectutivo of W. R. Berkley Insurance (Europe), Limited Sucursal en España , reporting directly to Stuart Wright, CEO of W. R. Berkley Insurance (Europe), Limited (WRBIEL). The …