W. R. Berkley Corporation Creates Berkley Design Professional Underwriters Announces Management Appointments Business Wire GREENWICH, Conn. -- April 23, 2013 W. R. Berkley Corporation (NYSE: WRB) today announced the creation of Berkley Design Professional Underwriters to focus on liability coverage for architects and engineers, nationwide. Products will be distributed through independent agents and underwritten on an admitted basis on behalf of W. R. Berkley Corporation member insurance companies, which are all rated A+ (Superior) by A.M. Best Company, Inc. Stephen L. Porcelli has been named president of Berkley Design Professional Underwriters. Mr. Porcelli has approximately 25 years of experience in the professional and specialty segments of the property casualty insurance industry. He most recently served as senior vice president of the professional liability profit center for another major insurance group, having previously held senior positions with other major insurers. Lawrence Moonan has been appointed executive vice president and chief operating officer of the new operating unit. Mr. Moonan has more than 20 years of experience in the professional liability market. Catherine Santiago has been named Berkley Design Professional’s vice president and lead underwriter. Ms. Santiago has 35 years of experience in the property casualty insurance industry with a long-term focus on design professionals. In making the announcement, William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corporation, said: "We are excited to bring together experienced underwriters, claim experts and loss control professionals with a singular commitment to the design industry. Together they will deliver fresh ideas and new products and services that will truly address the unique needs of architects and engineers and the agents that represent them." For further information about the products and services available from Berkley Design Professional, please contact Stephen Porcelli 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. Contact: W. R. Berkley Corporation Karen A. Horvath, 203-629-3000 Vice President – External Financial Communications
W. R. Berkley Corporation Creates Berkley Design Professional Underwriters
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