W. R. Berkley Corporation has combined its two healthcare-centric operating units, BerkleyMed and Berkley Healthcare, into a single operating unit under the name Berkley Healthcare.
In a statement, the company said that the newly combined operating unit will provide a broader and more cohesive array of products and services to the continuum of healthcare providers.
Effective immediately, Gregg A. Piltch was appointed president and Collin J. Suttie was named chair of Berkley Healthcare.
Since its formation in 2001, BerkleyMed has maintained its core business focus on the excess hospital professional liability market. Berkley Healthcare traditionally provided customized, comprehensive professional liability solutions and a suite of financial coverages, including directors' and officers' liability, employment practices liability, and errors and omissions to the healthcare community.
According to the company, under the new structure, the enhanced BerkleyMed team will be responsible for all medical professional coverages, while the Berkley Healthcare financial lines team will be responsible for financial lines. The company said that the combined strength of the new Berkley Healthcare will allow Berkley to respond to the changing needs of the growing and evolving healthcare industry through a single source that can seamlessly bring new and enhanced products to market and offer additional coverages such as workers' compensation, environmental, and cyber in conjunction with other Berkley companies.
Berkley Healthcare has been led by Mr. Piltch, who joined as president, since 2018. He has over 30 years of experience in the property casualty insurance industry. He has expertise in underwriting, operations, and risk management.
Mr. Suttie has been a member of BerkleyMed's senior management team since its inception, and has served as its president since 2010.
Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said, "We are extremely grateful to Collin for his leadership in the growth and success of BerkleyMed from its inception and are pleased that he will continue to share his knowledge and expertise with the combined operating unit. In addition, we look forward to his contributions to the broader Berkley group.
"With a strong foundation of professional liability and financial lines products and services, Berkley Healthcare is well positioned to deliver comprehensive solutions tailored to the specialized needs of businesses in the healthcare sector, and we are excited to have Gregg lead the team. This structure will allow us to better allocate our resources across the platform and increase the pace at which we are able to respond to the market."
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].