Berkley Forms Domestic Energy Industry Insurance Unit

W. R. Berkley Corp. has formed Berkley Oil & Gas Specialty Services, LLC. The new insurance unit, based in Houston, Texas, will provide multiline insurance products including general liability, auto liability, workers’ compensation, umbrella, control of well, inland marine, property and risk control services in the domestic energy sector.

Berkley Oil & Gas will underwrite on behalf of W. R. Berkley Corp. member insurance companies. The company said its distribution channels will include retail agents and brokers.

Carol Randall has been named president of Berkley Oil & Gas. She has 20 years of experience in the commercial insurance industry, with a primary focus on oil and gas risks. She most recently served as chief underwriting officer for oil and gas with a major insurer.

The new domestic unit marks an expansion of its oil and gas platform for Berkley, which already operates Berkley Offshore.

Source: W.R. Berkley Corp.