W. R. Berkley Corporation Names Lucas Prahl, Jr. President of Berkley Human Services

Rhea-AI Summary

W. R. Berkley (NYSE: WRB) has named Lucas Prahl, Jr. as president of Berkley Human Services, effective immediately. Prahl brings over 20 years of experience in the property and casualty insurance industry, previously serving as SVP and head of middle market, North America, at a multinational insurance group, overseeing operational profitability, market strategy, business development, underwriting, and operations. Roger M. Nulton, who has led Berkley Human Services since 2015, will transition to chairman. CEO W. Robert Berkley, Jr., expressed confidence in Prahl's leadership to drive the business forward, while also commending Nulton's contributions.

Positive

• Appointment of Lucas Prahl, Jr., with over 20 years of industry experience, as president of Berkley Human Services might drive effective leadership and growth.
• Roger M. Nulton, with a proven track record, continues to support the transition as chairman, ensuring stability and continuity.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Lucas Prahl, Jr. as president of Berkley Human Services, a Berkley company. He succeeds Roger M. Nulton, who has been named chairman of the business. The appointments are effective immediately.

Mr. Prahl is a strategic leader with over 20 years of experience focused in the property and casualty insurance industry. He most recently served as senior vice president and head of middle market, North America, for a multinational insurance group, where he was responsible for operational profitability, including market strategy, business development, underwriting, and operations.

Mr. Nulton joined Berkley Human Services in 2015 as president and has successfully led the business in building a well-known brand for delivering customized, end-to-end insurance solutions to human services organizations throughout the country. He will continue to support Mr. Prahl and the Berkley Human Services team throughout the transition.

Commenting on the appointment W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said, “We are extremely pleased to welcome Lucas to our organization as president of Berkley Human Services. His extensive knowledge and experience will be instrumental as the business continues to move forward. We thank Roger for his unwavering commitment and the outstanding leadership he has provided to the exceptional team at Berkley Human Services and our broader organization.”

Berkley Human Services is among the industry’s most trusted insurance providers of commercial property and casualty insurance specializing in human service organizations, with claims handling and risk control solutions designed specifically to serve clients in this niche. Please visit www.berkleyhumanservices.com for more information.

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.

Products and services are provided by W. R. Berkley Corporation’s subsidiaries and businesses. Businesses are not typically legal entities, but for marketing purposes may sometimes be referred to individually as “a Berkley company” or collectively as “Berkley companies”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701222603/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 Human Services as of October 2023?

Lucas Prahl, Jr. has been appointed as the new president of Berkley Human Services.

What is Lucas Prahl, Jr.'s background before joining Berkley Human Services?

Lucas Prahl, Jr. has over 20 years of experience in the property and casualty insurance industry and previously served as senior vice president and head of middle market, North America, at a multinational insurance group.

What role will Roger M. Nulton take on after Lucas Prahl, Jr.'s appointment?

Roger M. Nulton will transition to the role of chairman of Berkley Human Services.

What impact could Lucas Prahl, Jr.'s appointment have on WRB stock?

Lucas Prahl, Jr.'s extensive experience and new leadership role could potentially drive growth and operational efficiency, which might positively influence WRB stock.