W.R. Berkley News

Spragg Named President of Berkley Select

W.R. Berkley Corp. announced the appointment of Daniel R. Spragg as president of its specialty unit, Berkley Select. Spragg has 30 years of experience in the specialty insurance and insurance consulting industries. He most recently served as founding partner of …

Berkley Names Argo’s Edwards as President of Verus Underwriting Managers

W. R. Berkley Corp. has appointed Marlo M. Edwards as president of Verus Underwriting Managers. Edwards succeeds Dale H. Pilkington, who is retiring. Edwards joins Verus with 20 years of experience in the property/casualty insurance industry. She most recently served …

W.R. Berkley’s Reinsurance Results Falter

W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio due to higher catastrophe loss expenses. At the same time, insurance premiums and investment income grew. The Connecticut-based insurer and reinsurer booked more than …

W.R. Berkley Environmental and Entertainment/Sports Split to Run as Independent Units

W. R. Berkley Corp. has announced the formation of two independent operating units, Berkley Entertainment & Sports and Berkley Environmental. These units, which previously comprised Berkley Specialty Underwriting Managers, will now operate as independent businesses. “Establishing them as independent operating …

W.R. Berkley Suspends Marine Underwriting in London: Sources

W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the company’s Lloyd’s managing agent, is suspending its …

More Insurers Disclosing Climate Change Risks, Report Shows

Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …

W.R. Berkley Names Lowery as Chief Information Officer

W. R. Berkley Corp. has appointed Richard M. Lowery as senior vice president and chief information officer. In this role, Lowery will be responsible for the development and implementation of strategic information technology solutions. He will report to Lucille T. …

W.R. Berkley Taps Morgan Stanley’s Abbey for Strategy Post

W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. Abbey previously worked as a banker focusing on mergers and acquisitions, corporate restructurings and capital-raising …

RLI’s Dunn Named Carolina Casualty CEO

W. R. Berkley Corp. has appointed David A. Dunn as president and chief executive officer of its trucking insurance specialist, Carolina Casualty. Dunn has 40 years of experience in the property/casualty insurance industry, principally in the specialty transportation segment. Most …

13 Specialty Insurers Emerging As Takeover Targets: S&P

Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …