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W. R. Berkley Corporation Forms Berkley Construction Solutions
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
W. R. Berkley Corporation (NYSE: WRB) has appointed Andrew Robinson as the president of its newly formed unit, Berkley Construction Solutions, which aims to offer excess liability insurance for contractors. This strategic move is intended to enhance Berkley's involvement in the vital construction sector. Robinson brings nearly 40 years of experience in property casualty insurance with a specialization in construction. The company remains committed to growing its market presence and delivering dedicated expertise to contractors.
Positive
Formation of Berkley Construction Solutions to target excess liability insurance for contractors.
Appointment of Andrew Robinson, a seasoned insurance professional with nearly 40 years of experience, as president.
Negative
None.
Appoints Andrew Robinson as President
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) today announced the formation of Berkley Construction Solutions, to provide excess liability insurance for contractors throughout the construction industry. Andrew Robinson 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 formation of this new business is a continuation of our efforts to enhance our participation in emerging and dynamic parts of the economy, by bringing talent and expertise to various specialty industries. Construction is a very important industry focus for Berkley. We are pleased to be expanding our existing participation with dedicated capabilities and expertise for contractors. Andy is an exceptionally accomplished insurance professional with a wealth of knowledge and extensive experience in the construction space and will undoubtedly bring great value to the marketplace. We are excited to welcome Andy to Berkley.”
Mr. Robinson brings nearly 40 years of experience in the property casualty insurance industry to Berkley, with a focus on construction. Most recently, he served as the senior vice president of primary and excess construction at a leading commercial lines insurer. Mr. Robinson holds a Master of Business Administration degree from the D'Amore-McKim School of Business at Northeastern University and a Bachelor of Arts degree from Connecticut College.
For further information about products and services available from Berkley Construction Solutions, please contact Andy Robinson at arobinson@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 2022 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 2022 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.
