W. R. Berkley Corporation Names Scott R. Barraclough President of Admiral Insurance
Released : 06/30/2016
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) today announced the
appointment of Scott R. Barraclough as president of Admiral Insurance,
succeeding Steven S. Zeitman, who has been named chairman. The
appointments are effective immediately.
Mr. Barraclough joined Admiral Insurance in 1996 and has held various
financial and operational positions throughout his 20-year career with
Admiral. Most recently, he served as executive vice president. He holds
a bachelor’s degree in finance and accounting from Drexel University
College of Business and Administration.
W. Robert Berkley, Jr., president and chief executive officer of W. R.
Berkley Corporation, said: “With his extensive experience in the surplus
lines insurance market and proven success at Admiral Insurance over the
last two decades, we are confident that Scott is uniquely qualified to
take on this leadership role and provide a seamless transition for all
of Admiral’s stakeholders. Steve has made an enormous contribution to
the organization, both in his recent leadership role at Admiral
Insurance and having formed and led the business at Berkley Specialty
Underwriting Managers with great success. We are fortunate to have the
benefit of his continued involvement as chairman of Admiral Insurance.”
Based in Mount Laurel, NJ, Admiral Insurance provides excess and surplus
lines coverage for commercial risks that generally consist of
hard-to-place, specialized risks that involve moderate to high degrees
of hazard. Its lines of business include general liability, professional
liability, property, and excess coverage. Its products are distributed
exclusively by wholesale brokers. For further information about the
products and services available from Admiral Insurance, please visit www.admiralins.com.
For further information about W. R. Berkley Corporation, please visit www.wrberkley.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 worldwide in two segments of the property casualty
insurance business: Insurance and Reinsurance.
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W. R. Berkley Corporation
Karen A. Horvath, 203-629-3000
Vice
President - External Financial
Communications
Source: W. R. Berkley Corporation