News Details

Released : 07/06/2015

Announces Senior Executive Appointment

GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE:WRB) today announced the formation of Berkley International Seguros Colombia S.A., a W. R. Berkley Company, to provide a full range of commercial insurance products, including construction all risk, surety, general liability, directors and officers liability, select classes of professional liability and cargo. Berkley Insurance Company entered the Colombian reinsurance market by establishing a representative office in Bogotá in 2014.

Sylvia Luz Rincón has been named president and chief executive officer of Berkley International Seguros Colombia. Mrs. Rincón has more than 20 years of experience in the property and casualty insurance market in Colombia and leads an outstanding team. Jaime Alberto Aramburo, who has more than 20 years of insurance and reinsurance experience, leads the representative office.

In making the announcement, William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corporation, said: "We are pleased to enter the insurance market in Colombia through the establishment of Berkley International Seguros Colombia. Colombia is a fast growing insurance market with a strong economy. Establishing a new local presence with an experienced leader like Sylvia will enable us to serve the unique needs of businesses in her market."

For further information about the products and services available from Berkley International Seguros Colombia, please visit www.berkley.com.co

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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W. R. Berkley Corporation
Karen A. Horvath
Vice President – External
Financial Communications
203-629-3000

Source: W. R. Berkley Corporation