WR Berkley

WRB promotes Egan to Berkley Equine & Cattle manager

John Egan has been named Berkley Equine & Cattle manager, an appointment that follows him joining the Berkley Program Specialists division from Liberty Mutual last year.

WR Berkley seeks $90mn from reinsurers in landmark Covid-19 ri dispute

WR Berkley's Lloyd's arm is suing its reinsurers – including units of Axa XL, Brit, Liberty, Chaucer and Everest – seeking over $90mn in reinsurance recoveries it says it is owed to cover business interruption, event cancellations and related risks incurred during the Covid-19 pandemic.

Berkley Entertainment promotes Schuermann to president

WR Berkley has named Mark Schuermann president of Berkley Entertainment, after the executive joined the entertainment and sports-focused subsidiary as chief operating officer in 2021.

WR Berkley veteran Asahl named president of CWG unit

WR Berkley has named Daniel Asahl as president of commercial insurance subsidiary Continental Western Group, succeeding Melodee Saunders.

Berkley Europe names Eisele head of specialties

WR Berkley Europe AG has named Florian Eisele head of specialties, Europe and as a member of its leadership team.

WRB’s Preferred Employers hires Liberty’s Khan as president

WR Berkley has appointed Akbar Khan as president of workers’ compensation subsidiary Preferred Employers Insurance, succeeding Dennis Levesque.

Berkley CEO: Industry still has “lot of pain” to come from 2016-2019 period

WR Berkley’s Rob Berkley has suggested the 2016 to 2019 period will still cause “a lot of pain” for the industry, while the executive also expects “good news” on more recent casualty years and suggested property reinsurance pricing is likely to erode next year.

Berkley Technology Underwriters adds AHT’s Balch as president

Berkley Technology Underwriters (BTU) has brought in Christopher Balch from BRP-subsidiary AHT Insurance, with the new hire appointed president of the WR Berkley-owned business.

Berkley Offshore adds Crescent Specialty’s Karns to energy property team

Berkley Offshore Underwriting Managers has bolstered its ranks with the hire of energy insurance market veteran John Karns from MGA Crescent Specialty.

Focus on casualty sharpens in Q3 earnings commentary

The CEOs of leading US-listed property casualty insurers had a heightened focus on casualty losses and reserves on Q3 earnings calls amid rising loss costs and a hardening reinsurance market.

Rob Berkley: More attention needed on commercial auto as property grabs headlines

Rob Berkley said Monday evening the industry needs to pay the kind of close attention to the commercial auto segment it has to property over the last 18 months, with the CEO adding the former has “the biggest bull’s eye on its chest”.

WR Berkley grows Q3 UW income 35% to $259mn as cat losses dip 35% to $62mn

WR Berkley’s underwriting income grew by 35 percent in the third quarter to $259mn, driven by a 35 percent reduction in catastrophe losses, which fell to $62mn in the quarter and helped improve the combined ratio by 1.9 points in the period to 90.2 percent.

WRB E&S unit Nautilus hires Petronko as CFO

Nautilus Insurance Group, a WR Berkley-owned provider of US commercial excess and surplus lines insurance, has hired Rob Petronko from Global Indemnity as senior vice president and chief financial officer.

Forte promoted to president of Berkley Public Entity

WR Berkley Corporation has appointed John Forte as president of Berkley Public Entity, a promotion that comes five years after he joined the company.

Tremor Technologies founder Bourgeois exits with asset sale to WR Berkley

The assets of reinsurance placement insurtech Tremor Technologies have been sold to WR Berkley, capping a six-year journey for the platform, which sought to help buyers and reinsurers more efficiently match capacity and price, The Insurer can reveal.

Berkley Select unveils legal aid-focused ML and PL offering

Berkley Select has developed a new management and professional liability-focused product catering to organizations offering legal aid services, with the offering underwritten on the AM Best A+ rated capacity of its parent WR Berkley.

Berkley Equine & Cattle adds Liberty Mutual’s Egan as CUO

WR Berkley’s Berkley Equine & Cattle has recruited John Egan as vice president and CUO after six years at Liberty Mutual.

Is Q2 another “but-for” quarter for US P&C insurers?

Cat losses are already a big theme of the Q2 reporting season for US-listed P&C insurers, with some expecting chunky hits to their combined ratios from wind and hail storms, prompting WR Berkley’s leader to express bafflement that some of his competitors act as if “cat losses don’t make a difference”.

WRB: “Great opportunity” in E&S where standard market does not have appetite

WR Berkley’s Rob Berkley has commented that submission flow remains robust with no signs of softening in the E&S market “by and large”, although national carriers are being “very aggressive” where they have appetite.

WR Berkley in Q2 earnings beat as GWP hits record levels

US insurer WR Berkley has reported an earnings beat for the second quarter, with results that included a one point combined ratio deterioration, $53.5mn in catastrophe losses and record gross and net written premiums.

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