W. R. Berkley Corporation Forms Berkley Small Business Solutions
July 12 2021 - 4:39PM
Business Wire
Appoints Jeanne R. Fenster President
W. R. Berkley Corporation (NYSE: WRB) today announced the
formation of Berkley Small Business Solutions. The new operating
unit will offer commercial insurance products for small businesses
through a modern technology platform that leverages data and
analytics to deliver a superior customer experience. Its initial
product offering will focus on preferred risks in the non-fleet
transportation market.
Jeanne R. Fenster has been named president of the new operating
unit. Ms. Fenster joined Berkley as president of Berkley Prime
Transportation in 2018 and has over 25 years of experience in the
property casualty insurance industry, with particular expertise in
predictive modeling and analytics. She holds a Bachelor of Science
degree in mathematics and psychology from the University of Memphis
and a Juris Doctorate from Vanderbilt University School of Law.
Berkley Prime Transportation will continue to offer its fleet
trucking insurance under the leadership of David R. Lockhart,
president of Berkley’s Carolina Casualty operation.
W. Robert Berkley, Jr., president and chief executive officer of
W. R. Berkley Corporation, commented, “Small businesses represent
an important component of the U.S. economy, and this new operation
will complement our existing businesses to deliver solutions
specifically tailored for this market. By leveraging analytics,
data and technology, this new operation will enable us to expand
our footprint and offer attractive solutions to our customers in an
easy to use platform. Jeanne is an outstanding leader with the
experience and expertise to drive success in this new endeavor. We
are excited that she will be leading the highly-skilled team at
Berkley Small Business Solutions.”
For further information about products and services available
from Berkley Small Business Solutions, please contact Jeanne
Fenster at jfenster@wrberkley.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.
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 2021 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 2021 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.
Products and services are provided by one or more insurance
company subsidiaries of W. R. Berkley Corporation. Not all products
and services are available in every jurisdiction, and the precise
coverage afforded by any insurer is subject to the actual terms and
conditions of the policies as issued.
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Karen A. Horvath Vice President - External Financial
Communications (203) 629-3000
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