WR Berkley launches small business unit in expansion move
Property/casualty insurer WR Berkley Corporation has formed a new operating unit that will offer commercial insurance products for small businesses through a data and analytics-driven technology platform.
Berkley Small Business Solutions' initial product offering will focus on preferred risks in the non-fleet transportation market.
The unit will be led by Jeanne Fenster as president. Fenster joined Berkley as president of Berkley Prime Transportation in 2018 and has over 25 years of experience in the property casualty insurance industry, with particular expertise in predictive modeling and analytics.
Berkley Prime Transportation will continue to offer its fleet trucking insurance under the leadership of David Lockhart, president of Berkley’s Carolina Casualty operation.
Robert Berkley, Jr., president and chief executive officer of WR Berkley Corporation, commented, “Small businesses represent an important component of the US economy, and this new operation will complement our existing businesses to deliver solutions specifically tailored for this market.
"By leveraging analytics, data and technology, this new operation will enable us to expand our footprint and offer attractive solutions to our customers in an easy to use platform. Jeanne is an outstanding leader with the experience and expertise to drive success in this new endeavor. We are excited that she will be leading the highly-skilled team at Berkley Small Business Solutions.”
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