W. R. Berkley Corporation (NYSE:WRB) today announced the creation
of Berkley Construction Professional Liability Underwriters, a W. R.
Berkley Company®, to provide professional liability,
pollution liability and protective coverages for contractors and project
owners across all forms of non-environmental construction. Products will
be available on both a primary and excess basis through W. R. Berkley
Insurance Group members rated A+ (Superior) by A.M. Best Company, Inc.
Raymond F. H. Bustamante has been named executive vice president of
Berkley Construction Professional Liability Underwriters. Mr. Bustamante
has 25 years of property casualty insurance industry experience
specializing in design and construction professional liability. He is a
graduate of Valparaiso University, with a Bachelor of Arts in
international economics.
In making the announcement, William R. Berkley, chairman of the board
and chief executive officer of W. R. Berkley Corporation, commented:
“Ray is a highly experienced veteran in the construction professional
liability market who was instrumental in developing many of the products
in use today. We are pleased to have such an innovator lead an
experienced team in offering solutions that address the often unique
risks that contractors and owners/developers face.”
For further information about the products and services available from
Berkley Construction Professional Liability Underwriters, please contact
Ray Bustamante at (973) 600-0926 or rbustamante@berkleycp.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 three segments of the property casualty insurance
business: Insurance-Domestic, Insurance-International and
Reinsurance-Global.
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 2015 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 2015 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 described above are provided through various
surplus lines insurance company subsidiaries of W. R. Berkley
Corporation and offered through licensed surplus lines brokers. Not all
products and services may be available in all jurisdictions, and the
coverage provided by any insurer is subject to the actual terms and
conditions of the policies issued. Surplus lines insurance carriers do
not generally participate in state guaranty funds and insureds are
therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150713006020/en/
Copyright Business Wire 2015