WR Berkley will assume the management of WR Berkley Syndicate 1967 from June 1st, replacing the “turnkey” syndicate management agreement which has been in place since 2009.
The news follows the approval by the FSA and Lloyd's of London for WR Berkley Syndicate Management Limited to act as a Lloyd's managing agent.
“We are pleased to offer the capabilities of an integrated Lloyd's platform for Syndicate 1967,” says William R Berkley, chairman and chief executive officer of WR Berkley Corporation.
“WR Berkley Corporation has had a long and profitable association with Lloyd's, and we have the utmost confidence in our team's ability to fully develop this expanded role.”
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