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Berkley Specialty Underwriting Managers Formed a New Division to Offer Insurance Products for the Entertainment and Sports Industries

GREENWICH, Conn.--(BUSINESS WIRE)--Aug. 13, 2004--W. R. Berkley Corporation (NYSE: BER) announced today that Berkley Specialty Underwriting Managers LLC has formed a new division that will offer insurance products for the entertainment and sports industries.

Cindy Broschart, 46, has been named president of the new division, which will be headquartered in Dallas, Texas. Ms. Broschart, who most recently served as a senior vice president in charge of Gulf Insurance Group's entertainment and sports division, has over 27 years of insurance industry experience.

Michael Harris has been named vice president of the division. Mr. Harris, 43, most recently served as a senior vice president with Gulf Insurance Group's sports division and has 22 years of insurance industry experience.

In making the announcement, William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corporation, commented, "This is another opportunity for us to expand our offering of niche products. We continue to search for the right people to provide expertise in segments of our industry which offer more knowledge driven opportunities. We are very pleased to have both Cindy Broschart and Michael Harris as part of our organization and are confident in their abilities to build a successful business."

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international.

CONTACT: W. R. Berkley Corporation
Eugene G. Ballard, 203-629-3000
SOURCE: W. R. Berkley Corporation

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