W. R. Berkley Corporation Forms Berkley Specialty Excess
01 6월 2023 - 5:15AM
Business Wire
Appoints John Termini as President
W. R. Berkley Corporation (NYSE: WRB) today announced the
formation of Berkley Specialty Excess to offer excess liability
coverages in specialized markets, with an initial focus on the
environmental and energy industries. John Termini has been named
president of the new business, effective immediately.
W. Robert Berkley, Jr., president and chief executive officer of
W. R. Berkley Corporation, commented, “The specialty excess market
continues to offer attractive opportunities. John brings to Berkley
deep expertise and experience in his areas of focus and we are
excited to welcome him to the team.”
Mr. Termini has nearly 30 years of experience in the property
and casualty insurance market, with a focus in the environmental
and energy sectors. Throughout his career, he has held various
executive and leadership positions, and most recently served as the
head of the environmental and energy division of a global specialty
(re)insurer. He holds a Bachelor of Science in environmental
biology from Salem State University.
For further information about products and services available
from Berkley Specialty Excess, please contact John Termini at
jtermini@wrberkley.com.
Founded in 1967, W. R. Berkley Corporation is an insurance
holding company that is among the largest commercial lines writers
in the United States and operates worldwide in two segments of the
property casualty insurance business: Insurance and Reinsurance
& Monoline Excess. For further information about W. R. Berkley
Corporation, please visit www.berkley.com.
This is a “Safe Harbor” Statement under the Private Securities
Litigation Reform Act of 1995. Any forward-looking statements
contained herein, including statements related to our outlook for
the industry and for our performance for the year 2023 and beyond,
are based upon the Company's historical performance and on current
plans, estimates and expectations. The inclusion of this
forward-looking information should not be regarded as a
representation by us or any other person that the future plans,
estimates or expectations contemplated by us will be achieved. They
are subject to various risks and uncertainties, including but not
limited to, the success of our new ventures or acquisitions and the
availability of other opportunities, our ability to attract and
retain key personnel and qualified employees, and other risks
detailed from time to time in the Company's filings with the
Securities and Exchange Commission. These risks could cause actual
results of the industry or our actual results for the year 2023 and
beyond to differ materially from those expressed in any
forward-looking statement made by or on behalf of the Company. Any
projections of growth in the Company's revenues would not
necessarily result in commensurate levels of earnings.
Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update
publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
Products and services are provided by one or more insurance
company subsidiaries of W. R. Berkley Corporation. Not all products
and services are available in every jurisdiction, and the precise
coverage afforded by any insurer is subject to the actual terms and
conditions of the policies as issued.
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version on businesswire.com: https://www.businesswire.com/news/home/20230531005934/en/
Karen A. Horvath Vice President - External Financial
Communications (203) 629-3000
WR Berkley (NYSE:WRB)
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WR Berkley (NYSE:WRB)
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