7 July 2015 Insurance

WR Berkley forms Colombian insurer

US insurer WR Berkley has established a presence in Colombia with the formation of a company aimed at providing commercial insurance products.

Berkley International Seguros Colombia will provide a full range of commercial insurance products, including construction all risk, surety, general liability, directors and officers liability, select classes of professional liability and cargo.

Sylvia Luz Rincón has been named president and chief executive officer of the company. Rincón has more than 20 years of experience in the property and casualty insurance market in Colombia.

Berkley Insurance Company entered the Colombian reinsurance market by establishing a representative office in Bogotá in 2014.

William Berkley, chairman of the board and chief executive officer of WR Berkley Corporation, said: "We are pleased to enter the insurance market in Colombia through the establishment of Berkley International Seguros Colombia.

“Colombia is a fast growing insurance market with a strong economy. Establishing a new local presence with an experienced leader like Sylvia will enable us to serve the unique needs of businesses in her market."

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