W. R. Berkley Corporation Forms Marine Division of Berkley Offshore Underwriting Managers, LLC
Announces Management Appointments
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) today announced the
formation of a new marine division of its Berkley Offshore Underwriting
Managers operating unit. Through its New York office, Berkley Offshore
will underwrite a full spectrum of marine hull and liability coverages
to brownwater vessel operators, ports, terminals and other marine
entities based in the United States and Canada.
Brian Murphy has been named vice president - marine manager of Berkley
Offshore. Mr. Murphy has more than 17 years of experience in the marine
insurance market and currently serves on the Hull Committee at the
American Institute of Marine Underwriters (AIMU). He holds a B.S. in
Marine Transportation from the United States Merchant Marine Academy at
Kings Point, NY, and holds the CPCU and AMIM insurance designations.
Joining Mr. Murphy is Les Bogdan, who has been named vice president —
marine liability. Mr. Bogdan has more than 24 years of insurance
industry experience and currently serves on AIMU's Liability Committee.
He holds a B.A. in Economics from the State University of New York at
Stony Brook.
Commenting on these appointments, W. Robert Berkley, Jr., president and
chief operating officer of W. R. Berkley Corporation, said, "We are
extremely pleased to have Brian and Les join the Berkley Offshore team.
They are both industry veterans who possess a wealth of expertise in
marine insurance."
For further information about the marine products and services available
from Berkley Offshore, please contact Brian Murphy at bmurphy@berkleyoffshore.com
or Les Bogdan at lbogdan@berkleyoffshore.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 in five segments of the property casualty insurance
business: specialty insurance, regional property casualty insurance,
alternative markets, reinsurance and international.
This is a "Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995. Any forward-looking statements contained
herein, including statements related to our outlook for the industry and
for our performance for the year 2012 and beyond, are based upon the
Company's historical performance and on current plans, estimates and
expectations. The inclusion of this forward-looking information should
not be regarded as a representation by us or any other person that the
future plans, estimates or expectations contemplated by us will be
achieved. They are subject to various risks and uncertainties, including
but not limited to, the success of our new ventures or acquisitions and
the availability of other opportunities, our ability to attract and
retain key personnel and qualified employees, and other risks detailed
from time to time in the Company's filings with the Securities and
Exchange Commission. These risks could cause actual results of the
industry or our actual results for the year 2012 and beyond to differ
materially from those expressed in any forward-looking statement made by
or on behalf of the Company. Any projections of growth in the Company's
revenues would not necessarily result in commensurate levels of
earnings. Forward-looking statements speak only as of the date on which
they are made, and the Company undertakes no obligation to update
publicly or revise any forward-looking statement, whether as a result of
new information, future developments or otherwise.
W. R. Berkley Corporation
Karen A. Horvath
Vice
President — External
Financial Communications
203-629-3000
Source: W. R. Berkley Corporation
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