W. R. Berkley Corporation’s Board of Directors announced that the Company’s founder and its current chairman and chief executive officer, William R. Berkley, will become executive chairman on October 31, 2015. At that time, W. Robert Berkley, Jr. will assume the role of chief executive officer, continuing the transition plan implemented by the Board of Directors when he was appointed president and chief operating officer in 2009.
As executive chairman, William R. Berkley will continue to be fully engaged in the Company’s activities, primarily focused on investments and strategy as W. Robert Berkley, Jr. expands his portfolio of responsibilities beyond the insurance and reinsurance operations to include many of the holding company activities. The Board noted that Rob Berkley has demonstrated a record of outstanding results with the Company and fully appreciates the nuances of the property casualty insurance market, as well as our competitive advantages and shareholder focus.
Source: W. R. Berkley Corporation
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