W. R. Berkley Corporation (NYSE:WRB), today announced the
establishment of a business unit dedicated to writing South African
business. The new unit, which will report to Berkley Re UK, will provide
fast and reliable treaty service to both insurers and brokers in the
region.
Sean Paradine has been named as senior vice president, underwriting:
Africa. Mr. Paradine has nearly 25 years of reinsurance experience, most
recently as vice president of international reinsurance at another
leading international global reinsurer with responsibility for
sub-Saharan Africa treaty, worldwide facultative (excluding USA), Asia
marine treaty and home foreign treaty.
In making the announcement, William R. Berkley, chairman and chief
executive officer, said “Africa is a dynamic and rapidly growing region
of the world and one in which we believe our organization can make a
difference in the services it offers to clients. Sean brings the
experience and focus that will enable us to reach our goal by providing
market-leading client solutions and expertise.”
Berkley Re is a provider of reinsurance products and services that
address the diverse needs of clients worldwide, through operating units
in the United States, United Kingdom and Asia Pacific. For further
information about the products and services available from Berkley Re
UK, please contact Richard Fothergill at rfothergill@berkleyreuk.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.
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