New Berkley Unit Targets Asset Protection Including Fine Arts, Jewelry

May 6, 2008

W. R. Berkley Corp. has formed Berkley Asset Protection Underwriters, LLC. Based in New York City, it will offer products designed to protect commercial and personal assets. The products will include coverage for fine arts, jewelers block, fidelity/crime and related risks.

Berkley Asset Protection Underwriters will underwrite on behalf of two W. R. Berkley Corp. member companies, StarNet Insurance Co. on an admitted basis and Gemini Insurance Co. on a surplus lines basis. Both companies are rated A+ (Superior) by A.M. Best Co., Inc.

Joseph Dowd has been named president of Berkley Asset Protection Underwriters. Dowd has more than 20 years experience in the insurance industry, all of which has been focused on asset protection. He previously served in senior positions with major insurers.

Gregory Smith has been appointed executive vice president of Berkley Asset Protection Underwriters. Smith, a leading claims expert in the fine art, jewelry and other inland marine product lines, has over 22 years of related experience in the insurance industry.

Sean Missal and Nicholas Reynolds have each been named vice president of Berkley Asset Protection Underwriters. Missal has 12 years of industry experience specifically in the area of fidelity/crime and other high value inland marine products. Reynolds has more than 20 years of experience in underwriting fine arts risks, both internationally and domestically.

Source: Berkley Asset Protection Underwriters

Topics Underwriting

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