Public liability and professional indemnity insurer W. R. Berkley Insurance Australia rebrands to Berkley Insurance Australia. W. R. Berkley Insurance Australia (WRBIA), currently a branch of W. R. Berkley Insurance (Europe), Limited (WRBIEL), has announced it will operate as a branch of Berkley Insurance Company (“BIC”). In addition, WRBIA will rebrand to “Berkley Insurance Australia”. BIC is the primary and largest underwriting entity within W. R. Berkley Corporation and maintains an A+ (Superior) rating from A.M. Best and an A+ (Strong) rating from Standard and Poor’s, delivering outstanding security as a further benefit. “We regard Australia as a key contributor to our global strategy of generating long-term risk- adjusted returns in our target markets” says Chairman and CEO of W. R. Berkley Corporation, William R. (Bill) Berkley. “Having Berkley Insurance Australia operate as a branch of Berkley Insurance Company, allows the W. R. Berkley Insurance Group to deliver a more efficient operating platform to further develop the Group’s business in Australia”. Transition to this new operating model will occur over the next 60 to 90 days. New business will be issued by Berkley Insurance Australia, the Australian branch of Berkley Insurance Company.
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