NU Online News Service, May 29, 11:34 a.m. EDT
Greenwich, Conn.-based insurer W. R. Berkley Corp. says it received approval by the U.K. Financial Services Authority and Lloyd’s of London for W. R. Berkley Syndicate Management Ltd. to act as a Lloyd’s managing agent.
Beginning June 1, W. R. Berkley Syndicate Management will assume the management of W. R. Berkley Syndicate 1967, which was established in 2009.
W. R. Berkley says it now has a fully integrated Lloyd’s platform, which complements its worldwide operations.
In a statement, William R. Berkley, chairman and chief executive officer of W. R. Berkley, says, “We are pleased to offer the capabilities of an integrated Lloyd’s platform for Syndicate 1967. W. R. Berkley Corp. has had a long and profitable association with Lloyd’s, and we have the utmost confidence in our team’s ability to fully develop this expanded role.”
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