W. R. Berkley Corporation announced that the U.K. Financial Services Authority (FSA) and Lloyd’s of London have approved W.R. Berkley Syndicate Management Limited’s assumption of the management of W.R. Berkley Syndicate 1967, effective June first.
It replaces the “turnkey” syndicate management agreement established when the syndicate commenced in 2009. Berkley said it “now has a fully integrated Lloyd’s platform, which complements its worldwide operations.”
Chairman and CEO William R. Berkley stated: “We are pleased to offer the capabilities of an integrated Lloyd’s platform for Syndicate 1967. W. R. Berkley Corporation has had a long and profitable association with Lloyd’s, and we have the utmost confidence in our team’s ability to fully develop this expanded role.”
Source: W. R. Berkley Corp.
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty 
Judge Says Smucker’s Lawsuit Against Trader Joe’s Over Frozen PB&J Can Proceed 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
First Half US P/C Industry Underwriting Gain Jumps to $31.7B 
