W. R. Berkley Corporation News

W. R. Berkley Corporation Appoints LeBlanc as President of Acadia Insurance

W. R. Berkley Corporation has appointed David J. LeBlanc as president of Acadia Insurance, a Berkley Company. He succeeds Douglas M. Nelson, who has been appointed chairman of Acadia Insurance. The appointments are effective immediately. LeBlanc has more than 35 …

Kearns Appointed President of Virginia’s Berkley Mid-Atlantic Group

W. R. Berkley Corporation has appointed John F. Kearns as president of Berkley Mid-Atlantic Group, a Glen Allen, Va.-headquartered Berkley Company (BMAG). Kearns succeeds Susan N. Grady, who remains a member of the Berkley team focusing on regional small commercial …

Connecticut’s W.R. Berkley Corporation Sells Real Estate Investment

W. R. Berkley Corporation has sold its real estate investment at 1101 New York Avenue NW in Washington, D.C. The company expects to report a realized pre-tax gain of approximately $120 million on the sale in the third quarter of …

New York’s Berkley Alliance Managers Hires Andersen

Berkley Alliance Managers, an Albany, N.Y.-based Berkley Company, has named Anthony Andersen as senior vice president and professional liability claims manager. In this role, he will be responsible for providing managerial oversight to the company’s claims staff. Andersen joins Berkley …

Berkley to Launch High Net Worth Personal Lines Brand ‘Berkley One’

W.R. Berkley Corporation has launched a new high net worth personal lines brand, Berkley One. Set to launch its products in the latter half of 2017, Berkley One will offer specialty personal insurance coverages to sophisticated individuals and families, supported …

W. R. Berkley Launches South Africa Treaty Unit; Paradine Named Senior VP

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 …

Rinc√≥n to Head New W. R. Berkley Subsidiary-Berkley Int’l Seguros Colombia

W. R. Berkley Corporation announced the formation of Berkley International Seguros Colombia S.A., which it said would “provide a full range of commercial insurance products, including construction all risk, surety, general liability, directors and officers liability, select classes of professional …

Best Affirms W. R. Berkley Corp. and Subs ‘A+’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Delaware-based Berkley Insurance Company (BIC) and 24 of its reinsured subsidiaries and affiliates, collectively referred to as W. …

W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire

W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of 2013 came in at …

W.R. Berkley Posts $101M Q3 Profit; Rates on Renewed Policies Up 7%

Commercial lines insurer W.R. Berkley Corp. reported $100.95 million net profit for its third quarter, up 32.1 percent from $76.41 million reported during the same period one year ago. The Greenwich, Conn.-based insurer said its quarterly results benefited from “significant …