W. R. Berkley Co. News

AM Best Assigns Superior Credit Rating to Iowa-Based Berkley Luxury

AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) to Berkley Luxury Insurance Company (Berkley Luxury), based in Urbandale, Iowa. The outlook assigned to the FSR …

People Moves: Lezaj to Lead Zurich Complex Casualty; MMC Names Bouchard as Climate Director

Lezaj to Lead New Zurich Middle Market Complex Casualty Unit Zurich North America has created a Complex Casualty unit to support its customers in the upper middle-market segment. Steve Lezaj, a veteran insurance executive, has been appointed to lead this …

W.R. Berkley Says Rate Increases Averaging 14.5% Contributed to Solid 3Q Results

W.R. Berkley Corp.’s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more COVID-19 losses, a result the company credits to rate hikes and underwriting discipline. The commercial lines specialty insurer and reinsurer …

Berkley Re UK Launches Global Facultative Property Unit; Galea to Lead Team

Berkley Re UK Limited*, the London-based subsidiary of W. R. Berkley Co., announced it launched a global facultative property unit to provide targeted and tailor-made coverage to global clients, which will “enable them to better manage their risks, whether in …

Midwest Employers Casualty Adds Anderson as Director, Group Captives

St. Louis-based Midwest Employers Casualty Co. (MECC), a W. R. Berkley Co., announced that David R. Anderson has joined MECC as underwriting director of the recently formed workers’ compensation captive practice. Previously, Anderson held underwriting management positions with several large …