Released : 11/17/2016
Appoints Tracey Vispoli President
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE:WRB) today announced the
formation of Berkley Cyber Risk Solutions, a W. R. Berkley Company®,
to focus on insurance and risk management products that respond to the
changing cyber security vulnerabilities of organizations around the
world. Berkley Cyber Risk Solutions will offer specialty commercial
insurance coverages on a worldwide basis to clients of all sizes on
behalf of W. R. Berkley Insurance Group member insurance companies rated
A+ (Superior) by A. M. Best.
Tracey Vispoli has been named president of the operating unit. Ms.
Vispoli has over 25 years of experience in the property casualty
insurance industry and most recently served as senior vice president and
global segment leader of a major property casualty insurance company.
She holds a B.S. in accounting from Fairleigh Dickinson University.
W. Robert Berkley, Jr., president and chief executive officer of W. R.
Berkley Corporation, commented, “We are excited to add this important
capability to our group of operating units. Tracey is a pioneer in the
cyber insurance space with a wealth of expertise in cyber security
related issues. This will enable us to be on the forefront of providing
effective solutions for this continually evolving risk. Demand for such
solutions is increasing rapidly in every corner of the market, and the
coverages offered by this new unit will enhance the suite of products
available to our clients.”
For more information about the products and services offered by Berkley
Cyber Risk Solutions, please visit www.berkleycyberrisk.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
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161117006372/en/
W. R. Berkley Corporation
Karen A. Horvath, (203) 629-3000
President - External
Source: W. R. Berkley Corporation