|[January 25, 2013]
W. R. Berkley Corporation Forms Berkley Southeast Insurance Group
GREENWICH, Conn. --(Business Wire)--
W. R. Berkley Corporation (NYSE: WRB) today announced the
formation of Berkley Southeast Insurance Group. Berkley Southeast will
be based in Atlanta, Georgia, and will provide standard commercial lines
insurance services and expertise to a wide range of businesses in six
Southeastern states: Mississippi, Alabama, Georgia, Tennessee, North
Carolina and South Carolina. Products will be distributed through the
independent agency system.
Berkley Southeast will underwrite products on behalf of W. R. Berkley
Corporation's regional insurance member companies, which are all rated
A+ (Superior) by A.M. Best Company, Inc.
Dennis L. Barger has been named president of Berkley Southeast. Mr.
Barger has more than 30 years of experience in the property casualty
insurance industry. He previously served in senior positions with other
major insurers. Mr. Barger earned a B.A. from the University of
Cincinnati and holds the Certified Insurance Counselor (CIC) designation.
William R. Berkley, chairman of the board and chief executive officer of
W. R. Berkley Corporation, said: "The formation of Berkley Southeast
demonstrates our commitment to maintaining a local presnce and
developing expertise in niches that drive local communities. We are
pleased to add an accomplished and proven leader like Dennis as
president of the new unit. Its formation represents an outstanding
opportunity to better serve and expand the territory."
For further information about the products and services available from
Berkley Southeast, please contact Dennis Barger at email@example.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 in five segments of the property casualty insurance
business: specialty insurance, regional property casualty insurance,
alternative markets, reinsurance and international.
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 2013 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 2013 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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