GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE:WRB) today announced that W. R. Berkley Syndicate 1967 has established an underwriting division at Lloyd’s Insurance Company (China) Limited (Lloyd’s China) to begin underwriting business on the Lloyd’s China platform beginning 1st January, 2016.
William R. Berkley, executive chairman of W. R. Berkley Corporation, commented, “W. R. Berkley Syndicate 1967 was established in 2009 to bring the W. R. Berkley Corporation brand and underwriting expertise to the Lloyd’s market. In a relatively short period, Syndicate 1967 has established itself as a leading underwriter in its chosen classes of business. Access to high-quality (re)insurance is critical to economic growth in China, and the establishment of this new division at Lloyd’s China is a testament of our commitment to and enthusiasm for the region and the Lloyd’s platform.”
Lloyd’s is the leading specialist insurance market operating in more than 200 countries worldwide and brings an unrivalled concentration of underwriting capacity to clients through a network of over 200 brokers. Syndicate 1967 underwrites policies on behalf of Lloyd’s of London, rated A+ (Strong) by Standard & Poor’s, AA- (Very Strong) by Fitch and A (Excellent) by A.M. Best. For further information about Syndicate 1967, please visit www.wrbunderwriting.com.
Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates in three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global.