W. R. Berkley Corp. has formed Berkley Management Protection, a unit that offers a modular suite of management liability products through a platform tailored to independent agents.
A platform will provide on-demand quoting capabilities with instant access to technical underwriting expertise, enabling independent agents to be more efficient in responding to customers, according to a statement.
Charles E. Thompson, who has been named president of the unit, has 26 years of management experience both domestically and internationally, focused on building startup organizations, launching products and establishing distribution models for all lines of management liability and property and casualty insurance products.
His resume includes executive positions at Travelers and the Chubb Group.
“This business will complement our existing operations in the professional liability space as we continue to broaden our offerings that serve growing parts of the U.S. economy,” said W. R. Berkley President and CEO W. Robert Berkley Jr.
“Charles has an outstanding track record of building professional liability businesses. Undoubtedly, he and his highly-skilled team will bring great value to the marketplace and our shareholders.”
Based in Greenwich, W. R. Berkley is an insurance holding company that operates worldwide in two segments of the property casualty insurance business: Insurance and reinsurance and monoline excess.
