W. R. Berkley Corporation announced that its subsidiary, Berkley Insurance Company, has received approval from the International Financial Services Centres Authority (IFSCA) to establish a branch office in India. The new branch, Berkley Insurance Company, IFSC Branch GIFT City, Gujarat, signifies a strategic expansion into the Asian market.
Unnati Bajpai has been appointed as the chief executive officer and principal officer of the IFSC Branch, bringing extensive experience in the insurance industry to the role. Ms. Bajpai will work closely with Shasi Nair, CEO of Berkley Insurance Asia, to establish the team in India.
W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, stated that the company expects to begin operations in 2025. This entry into the Indian market underscores W. R. Berkley's commitment to selectively developing its business in Asia and introducing its specialty insurance products to the region.
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