W. R. Berkley Corporation Forms Berkley Insurance Asia
Announces Senior Executive Appointments
W. R. Berkley Corporation (NYSE: WRB) today announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been
named chief executive officer and Aaron Yip has been appointed chief operating officer. The appointments are effective
immediately.
This new operating unit will begin offering specialty commercial insurance coverages to clients in North Asia and Southeast Asia
through offices in Hong Kong and Singapore, respectively, subject to relevant regulatory approvals.
Mr. Gangadharan has over 25 years of experience in the property casualty insurance industry, predominately focused in financial
and casualty lines, in the Asia Pacific and Middle East regions. He most recently served as the chief executive officer for the
Southeast Asia Region of a major property casualty insurance company.
Mr. Yip has more than 20 years of experience in the specialty commercial property casualty insurance industry. Prior to joining
the Company, he served as the chief executive officer for the Greater China Region at a major property casualty insurance
company.
W. Robert Berkley, Jr., chief executive officer and president of W. R. Berkley Corporation, commented, “We are excited to
establish a general insurance practice in Asia that will complement our existing reinsurance presence. Both Shasi and Aaron have
extensive local market experience that will enable us to develop a superior offering of product and services tailored to the
specific needs of clients in the region.”
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 business: Insurance and Reinsurance.
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.
W. R. Berkley Corporation
Karen A. Horvath, 203-629-3000
Vice President - External
Financial Communications
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