GREENWICH, Conn.–(BUSINESS WIRE)–W. R. Berkley Corporation (NYSE:WRB) today announced the formation of Berkley International Seguros Colombia S.A. to 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. Berkley Insurance Company entered the Colombian reinsurance market by establishing a representative office in Bogotá in 2014.
Sylvia Luz Rincón has been named president and chief executive officer of Berkley International Seguros Colombia. Mrs. Rincón has more than 20 years of experience in the property and casualty insurance market in Colombia and leads a team including Jaime Alberto Aramburo, who has more than 20 years of insurance and reinsurance experience, leading the representative office.
In making the announcement, William R. Berkley, chairman of the board and chief executive officer of W. R. 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.”
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.