W. R. Berkley Corporation (NYSE:WRB) today announced that
Kathleen M. Tierney has been appointed senior vice president. Ms.
Tierney will oversee the Company’s newly created high net worth personal
lines business. The appointment is effective immediately.
Ms. Tierney has over 25 years of cross-functional experience in the
property casualty insurance industry, including underwriting, marketing,
finance, strategic development and field leadership positions. Most
recently, she served as executive vice president and chief operating
officer of a similar division at another leading insurance group. She
graduated with a Bachelor of Arts degree from Williams College and holds
a Masters of Business Administration from the New York University Stern
School of Business.
W. Robert Berkley, Jr., chief executive officer and president of W. R.
Berkley Corporation, commented on the appointment, “We are excited to be
entering the high net worth personal lines market with a dynamic and
proven leader like Kathy. We view this segment of the property casualty
insurance market as a specialty business where expertise and customer
service can provide significant differentiation. Kathy is a highly
experienced insurance executive who possesses the full set of
capabilities that will enable us to deliver a superior value proposition
to clients, while simultaneously obtaining strong risk-adjusted returns
for our shareholders over the long term.”
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 2016 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 2016 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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