W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 million stems from COVID-19 claims, the specialty insurer …
W.R. Berkley Corp. said it has combined two of its healthcare-focused operating units in a bid to strength how it offers their products to customers. BerkleyMed and Berkley Healthcare are now blended into a single operating unit with the Berkley …
W. R. Berkley Corp. has announced that Scott R. Barraclough is the new chief executive officer of its Berkley Public Entity and Curtis E. Fletcher has succeeded Barraclough as president of Admiral Insurance, another Berkley company. Barraclough most recently served …
W.R. Berkley Corp.’s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net income during the 2018 third quarter, on par with the 2017 …
W. R. Berkley Corp. has named James B. Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units. Brian P. Douglas is succeeding Gilbert as president of BerkleyNet Underwriters. Gilbert has 30 years of …
Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan said. The insurer is negotiating …
The Global Insurance Accelerator (GIA), based in Des Moines, Iowa, announced that W. R. Berkley Corp. (W. R. Berkley), will join the GIA board of directors through a commitment to be an investor. Founded in 1967 and based in Greenwich, …
California Insurance Commissioner Dave Jones today announced that the enforcement action taken against W.R. Berkley Corp. entities and operating units has resulted in a $12 million settlement. Admiral Insurance Co., Admiral Risk Insurance Services Inc. nka BXM Insurance Services Inc., …
W. R. Berkley Corp. said that Gregory A. Douglas, president of Berkley Re Direct, has assumed the additional responsibility of president of Berkley Program Specialists. Douglas joined W. R. Berkley Corp. as executive vice president and chief operating officer of …
W.R. Berkley Corp. announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been named chief executive officer and Aaron Yip has been appointed chief operating officer. The appointments are effective immediately. This new operating unit will begin offering specialty …
