WR Berkley launches construction underwriting company

US insurer WR Berkley has launched Berkley Construction Professional Liability Underwriters.

The company will provide professional liability, pollution liability and protective coverages for contractors and project owners across all forms of non-environmental construction.

Raymond Bustamante has been named executive vice president of the company. Bustamante has 25 years of property casualty insurance industry experience specialising in design and construction professional liability.

William Berkley, chairman of the board and chief executive officer of WR Berkley, said: “Ray is a highly experienced veteran in the construction professional liability market who was instrumental in developing many of the products in use today.

“We are pleased to have such an innovator lead an experienced team in offering solutions that address the often unique risks that contractors and owners/developers face.”