W. R. Berkley Corp. announced it has launched a business unit dedicated to writing South African business. The new unit, which will report to Berkley Re UK, will provide treaty service to both insurers and brokers in the region.
Sean Paradine has been named as senior vice president, underwriting, Africa. Paradine has nearly 25 years of reinsurance experience, most recently as vice president of international reinsurance at another leading international global reinsurer with responsibility for sub-Saharan Africa treaty, worldwide facultative (excluding USA), Asia marine treaty and home foreign treaty.
In comments on the announcement, William R. Berkley, chairman and chief executive officer, said: “Africa is a dynamic and rapidly growing region of the world and one in which we believe our organization can make a difference in the services it offers to clients. Sean brings the experience and focus that will enable us to reach our goal by providing market-leading client solutions and expertise.”
Berkley Re provides reinsurance products and services through operating units in the United States, United Kingdom and Asia Pacific.
Source: Berkley Re
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