Friday, October 28, 2016

W.R. Berkley Combines U.S. dealer Reinsurance units



W. R. Berkley Corp. stated it has combined its U.S. dealer marketplace reinsurance units, Berkley Re the usa and Facultative assets, into a single operating unit in order to alternate under the Berkley Re the us (BRAM) name.
Berkley Re america is a specialty treaty reinsurance underwriter for coverage agencies, or devices inside insurance groups, which have a commercial enterprise model built upon specialization in the goods they underwrite.
Facultative assets is a casualty, professional liability and assets facultative underwriter.
The newly constituted BRAM will provide a single marketplace for reinsurance agents to deal with the needs of those customers.
Jonathan A. Schriber has been named leader underwriting officer of the Reinsurance – worldwide segment. in this role, he will be chargeable for the coordination of reinsurance underwriting sports throughout the group and the build-out of extra products with international scope, and will help the geographic growth of the reinsurance operations.
Schriber most these days served as president of Berkley Re america has been named chairman. He joined BRAM in 2007 as govt vp and chief administrative officer and has twenty years of enjoy in the assets/casualty reinsurance industry.
Joseph L. Sullivan has been named president of BRAM.  Sullivan has twenty years of experience in casualty coverage and reinsurance, with a selected emphasis at the casualty market. He joined Facultative sources in 2010 as government vice chairman and chief running officer, and was named president in 2012. He had formerly held senior control positions with some of reinsurance organizations.

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