W. R. Berkley Corporation (NYSE:WRB) today announced the
formation of Berkley Global Product Recall Management, a W. R. Berkley
Company®, to aid all types of businesses throughout the world
in the prevention and management of product recall incidences. Products
and services will be available through the W. R. Berkley Corporation
network of companies. W. R. Berkley Insurance Group is rated A+
(Superior) by A.M. Best Company, Inc.
Louis Lubrano has been named president of Berkley Global Product Recall
Management. Mr. Lubrano has more than 30 years of property casualty
insurance industry experience, including over 10 years as a leader in
crisis management.
Philip Rorty has been appointed chief underwriting officer. He brings to
that position nearly 40 years of insurance and risk management
experience as both an insurance leader and a corporate risk manager.
Tamra Maupin is joining the new operating unit as chief operating
officer, with more than 15 years of experience in the insurance market.
William R. Berkley, chairman of the board and chief executive officer of
W. R. Berkley Corporation, commented: “Product recall is a growing area
of property casualty insurance with many opportunities. Lou has
significant expertise and experience in developing solutions that can
not only contain costs in the event of a loss, but also provide
consultancy services that can help in the prevention of a loss. We are
pleased to have these seasoned and highly respected executives join our
Company.”
For further information about the products and services available from
Berkley Global Product Recall Management, please contact Lou Lubrano at
(917) 635-3921 or llubrano@BerkleyGPR.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 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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