W. R. Berkley Corporation Names Jay Weber President of Berkley Southeast Insurance Group

Rhea-AI Summary

W. R. Berkley Corporation (NYSE: WRB) has appointed Jay Weber as the new president of Berkley Southeast Insurance Group, effective immediately. He succeeds Dennis Barger, who transitions to the role of chairman after serving as president since the group’s inception in 2013. Weber brings 30 years of experience in commercial property and casualty insurance, recently leading business development for North America at a major global insurance firm. W. Robert Berkley, Jr., CEO of W. R. Berkley Corporation, expressed gratitude for Barger’s contributions and confidence in Weber’s leadership to enhance the team’s capabilities.

Positive

• Jay Weber's appointment as president may enhance leadership effectiveness due to his extensive experience in the insurance industry.
• Dennis Barger's transition to chairman ensures continuity and support during the leadership change.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Jay Weber as president of Berkley Southeast Insurance Group. Mr. Weber succeeds Dennis Barger, who has been named chairman of the business. The appointments are effective immediately.

Mr. Weber is a strategic leader with 30 years of commercial property and casualty insurance experience focused on small to mid-sized businesses. He most recently served as the business development leader for North America at a leading global insurance group. He holds a Bachelor of Science degree from the Syracuse University Martin J. Whitman School of Management.

Mr. Barger joined Berkley Southeast as president upon its formation in 2013. As chairman, he will continue to support the Berkley Southeast team through the transition, and he will remain a key member of the W. R. Berkley Corporation team.

W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented on the appointment, “Dennis was instrumental in founding and developing Berkley Southeast over its first decade. We thank him for his outstanding contributions to our organization and we are extremely grateful that he will be continuing as Berkley Southeast’s chairman. Additionally, we are very pleased to welcome Jay as president of Berkley Southeast. We are confident his background, knowledge and expertise will be a great addition to the leadership team as they continue to serve their market. We are delighted to welcome him to Berkley.”

For further info about products and services available from Berkley Southeast Insurance Group, please visit www.berkleysig.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/20230424005826/en/

Karen A. Horvath

Vice President - External

Financial Communications

(203) 629-3000

Source: W. R. Berkley Corporation

FAQ

Who is the new president of Berkley Southeast Insurance Group?

Jay Weber has been appointed as the new president of Berkley Southeast Insurance Group.

What position did Dennis Barger take at Berkley Southeast Insurance Group?

Dennis Barger has been named chairman of Berkley Southeast Insurance Group.

What is the stock symbol for W. R. Berkley Corporation?

The stock symbol for W. R. Berkley Corporation is WRB.

When did Jay Weber's appointment become effective?

Jay Weber's appointment as president of Berkley Southeast Insurance Group is effective immediately.

What experience does Jay Weber bring to his new role?

Jay Weber has 30 years of experience in commercial property and casualty insurance, focusing on small to mid-sized businesses.