W. R. Berkley Corporation announced the formation of Berkley Embedded Solutions, a new business unit designed to deliver tailored insurance products and services directly to customers at the point of purchase. This initiative aims to integrate modern technology with digital-first insurance products and complementary services.
Stephanie Lloyd has been appointed as president of the new business, effective immediately. Ms. Lloyd brings 20 years of experience in the property and casualty sector, which will be instrumental in leading this new venture.
The formation of Berkley Embedded Solutions aligns with W. R. Berkley's growth strategy, leveraging its underwriting culture and market reach to innovate within the insurance industry. This move is expected to enhance the company's ability to adapt to evolving customer needs and market demands.
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