W.R. Berkley Corp. has created a new Baltimore-based arm called FinSecure L.L.C. to underwrite property and liability insurance for financial-services companies.
FinSecure is led by Annette Merz, who previously was president of LenPex L.L.C., a Towson, Md.-based division of Deans and Homer. Both businesses sell liability insurance to companies that underwrite insurance on mortgage portfolios and securities, including insurance products from W.R. Berkley.
Greenwich-based W.R. Berkley is the largest independent insurance company based in Fairfield County, with a focus on reinsurance and specialty lines like liability insurance. In the first quarter, the company had $188 million in net income on $1.4 billion in revenue.
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