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W. R. Berkley Corporation Names Daniel Smyrl President of Admiral Insurance Group
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
W. R. Berkley Corporation (NYSE: WRB) has appointed Daniel Smyrl as president of Admiral Insurance Group, succeeding Curtis E. Fletcher, who becomes chairman. This leadership transition is effective immediately. Smyrl, who joined Admiral in 2002, brings nearly 40 years of insurance experience, having previously served as executive vice president of underwriting. Fletcher has been with Admiral for 23 years and will continue to contribute strategically as chairman. Both appointments are expected to support Admiral's ongoing success in the insurance market.
Positive
Daniel Smyrl's appointment is expected to bring fresh leadership and vision to Admiral Insurance Group.
Smyrl's extensive experience in insurance underwriting positions him well to lead Admiral's growth.
Curtis E. Fletcher remains involved as chairman, ensuring continuity in leadership.
Negative
None.
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Daniel Smyrl as president of Admiral Insurance Group (Admiral). He succeeds Curtis E. Fletcher, who has been named chairman of Admiral. The appointments are effective immediately.
Mr. Smyrl joined Admiral in 2002 and most recently served as executive vice president of underwriting. He has nearly 40 years of commercial property and casualty insurance experience in underwriting and management. He holds both the Associate in Surplus Lines Insurance (ASLI) and Associate in Commercial Underwriting (AU) designations.
Mr. Fletcher has been with Admiral for 23 years and was named president in 2018. He has been instrumental in advancing Admiral as a leader in the excess and surplus lines commercial insurance market. As chairman, he will maintain an active role, providing insights and strategic guidance.
W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented on the appointment, "Curt has been a model of what we look for in an outstanding leader within our organization. He has done an exceptional job in all of the positions he has held during his tenure. We would thank him for his extraordinary contributions to Admiral and W. R. Berkley Corporation over his many years of service, and we are delighted that he will be continuing in this new role. Dan is a dynamic executive, who has brought a wealth of experience to the organization. We are exceedingly confident in Dan’s ability to lead the Admiral team as they further build upon Admiral’s long history of success."
For further info about products and services available from Admiral Insurance Group, please visit www.admiralins.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.
Karen A. Horvath Vice President - External
Financial Communications (203) 629-3000
Source: W. R. Berkley Corporation
FAQ
Who is the new president of Admiral Insurance Group?
Daniel Smyrl has been appointed as the new president of Admiral Insurance Group.
What role will Curtis E. Fletcher have after stepping down as president of Admiral?
Curtis E. Fletcher will serve as chairman of Admiral Insurance Group, maintaining an active role.
When did W. R. Berkley Corporation announce the leadership changes at Admiral?
The leadership changes at Admiral Insurance Group were announced today.
What is Daniel Smyrl's background in the insurance industry?
Daniel Smyrl has nearly 40 years of experience in commercial property and casualty insurance, previously serving as executive vice president of underwriting.
What impact might the leadership changes have on W. R. Berkley Corporation stock?
The leadership changes are expected to positively influence the operational success of Admiral Insurance Group, which could benefit W. R. Berkley Corporation's overall performance.
