W. R. Berkley Corporation Names James Hastings as President of W. R. Berkley Syndicate Management Limited

Rhea-AI Summary

W. R. Berkley Corporation (NYSE: WRB) has appointed James Hastings as president of W. R. Berkley Syndicate Management Limited, effective February 22, 2022. Hastings brings nearly 20 years of experience in the insurance industry, focusing on international markets. He is expected to take on the role of CEO later in 2022, pending regulatory approval. David Brosnan will remain CEO during the transition and stay on the Board. W. R. Berkley operates globally in property casualty insurance across two segments: Insurance and Reinsurance.

Positive

• Appointment of James Hastings as president expected to enhance leadership and strategic direction.
• Hastings' extensive experience in the insurance industry may lead to business growth.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of James Hastings as president of W. R. Berkley Syndicate Management Limited, the Lloyd’s managing agent for W. R. Berkley Syndicate 1967, effective February 22, 2022. David Brosnan will continue as W. R. Berkley Syndicate Management Limited’s chief executive officer. The Company expects that Mr. Hastings will assume the role of chief executive officer in 2022, subject to regulatory approval, and that Mr. Brosnan will remain on the Board of Directors of the Managing Agency following the transition.

Mr. Hastings has nearly 20 years of experience in the insurance industry with a particular focus on the London and international markets across multiple classes of business. Most recently, he led the international wholesale division of a specialty insurance group, establishing and developing key client and broker relationships and growing the business to a substantial percentage of the group’s revenue. He is a graduate of the University of Hertfordshire.

W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented on the appointment, "James will be an outstanding addition to the W / R / B Underwriting team, and we are confident that he will play an important role in moving W / R / B Underwriting forward. We are delighted to welcome him to Berkley."

For further information about the products and services available from W / R / B Underwriting, please visit www.wrbunderwriting.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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005054/en/

Karen A. Horvath

Vice President - External

Financial Communications

(203) 629-3000

Source: W. R. Berkley Corporation

FAQ

Who was appointed as president of W. R. Berkley Syndicate Management Limited?

James Hastings was appointed as the president effective February 22, 2022.

What is the expected future role of James Hastings at W. R. Berkley Corporation?

James Hastings is expected to assume the role of CEO later in 2022, subject to regulatory approval.

Who remains the CEO during the transition at W. R. Berkley Syndicate Management Limited?

David Brosnan will continue as CEO during the transition.

What is W. R. Berkley Corporation known for?

W. R. Berkley Corporation is one of the largest commercial lines writers in the United States.