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.
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