W.R. Berkley Corporation has appointed Michael Fujii as president of its newly formed Berkley Custom Insurance Managers unit in Stamford, Conn. Fujii has over 35 years of experience in the specialty property/casualty insurance industry, including more than 20 years as …
Greenwich, Conn.-headquartered W.R. Berkley Corp. appointed Andrew Tuma as president of Berkley Surety Group. The appointment is effective immediately. Tuma, who joined Berkley Surety in 2007, has over 25 years of experience in the property/casualty insurance industry. He served most …
W. R. Berkley Corporation announced that the U.K. Financial Services Authority (FSA) and Lloyd’s of London have approved W.R. Berkley Syndicate Management Limited’s assumption of the management of W.R. Berkley Syndicate 1967, effective June first. It replaces the “turnkey” syndicate …
W.R. Berkley Corporation reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase compared to $115.59 million income reported one year ago. CEO William R. Berkley noted that price increases are accelerating this year and that he …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of South Dakota-based Missouri Valley Mutual Insurance Company (MVM). Best explained that the revised …
W.R. Berkley Corporation reported net income of $117.9 million for its 2011 fourth quarter, a 7 percent decline compared to the same period one year ago when the company reported $126.9 million net income. The Greenwich, Conn.-based commercial lines P/C …
Key Risk, a workers’ comp insurer and a member company of W. R. Berkley Corp., said it is expanding operations to Pennsylvania and is opening a new office in Harrisburg. Key Risk focuses solely on providing workers’ comp insurance and …
W. R. Berkley promoted William Rohde as a senior vice president of the company. Previously he was president of Acadia Insurance Company, W. R. Berkley’s regional operating unit based in Westbrook, Maine. In his new role, Rohde will assume oversight …
New York-headquartered international reinsurer Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one year ago. The earnings were hurt by $71 million of pre-tax net catastrophe costs (net of reinsurance and net reinstatement premiums) …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Berkley Insurance Group, Admiral Insurance Group, Berkley Regional Group and Nautilus Insurance Group and their respective property/casualty members. Best …
