W. R. Berkley Corporation Forms Berkley International Fianzas México S.A. and Berkley International Seguros México S.A.
Released : 06/12/2017
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) today announced the
formation of Berkley International Fianzas México S.A. and Berkley
International Seguros México S.A. Both have been granted authorization
to commence operations by Comisión Nacional de Seguros y Fianzas (CNSF)
and will begin offering coverages to clients throughout Mexico in the
next few weeks. Berkley International Fianzas México will focus on
surety business, while Berkley International Seguros México will offer a
broad array of specialty commercial insurance products and services.
Guillermo Espinosa Barragan has been named general director of Berkley
International Fianzas México and Javier Garcia Ortiz de Zarate has been
named general director of Berkley International Seguros México. Mr.
Espinosa has nearly 25 years of experience in the property casualty
insurance industry, predominately focused in the surety segment. He most
recently served as regional director for a Mexican surety subsidiary of
a leading insurer. Mr. Garcia has over 15 years of experience in the
property casualty insurance industry, predominately focused on
underwriting in Mexico and Argentina. He most recently served as
regional director for property casualty insurance in Mexico for a major
insurance company. The appointments are effective immediately.
W. Robert Berkley, Jr., chief executive officer and president of W. R.
Berkley Corporation, commented, “Mexico is a vibrant market with
relatively low insurance penetration that provides significant
opportunities. Guillermo and Javier both have extensive knowledge of the
surety and insurance markets, respectively, in Mexico, and their
experience will enable us to develop a superior offering of products and
services tailored to the specific needs of clients in the region. We are
pleased to welcome them to our team.”
Celebrating 50 years, 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 2017 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 2017 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170612006140/en/
W. R. Berkley Corporation
Karen A. Horvath, 203-629-3000
Vice
President – External
Financial Communications
Source: W. R. Berkley Corporation