W. R. Berkley Corporation announced the formation of Berkley Edge, a new business dedicated to providing professional liability and casualty insurance for small to mid-sized businesses. This new venture will specifically target hard-to-place and distressed risks, offering coverage exclusively through wholesale brokers.
Jamie Secor has been named president of Berkley Edge, bringing 25 years of insurance industry experience, including executive and leadership roles. Her expertise in underwriting and finding solutions for challenging risks will be crucial for the new business.
W. Robert Berkley, Jr., president and chief executive officer, stated that Berkley Edge deepens the company's commitment to the excess and surplus lines market. This strategic move is designed to meet the growing demand for specialized liability solutions in a segment with complex risk profiles.
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