Senior Management Appointments
W. R. Berkley Corporation Announces Senior Management Appointments to Berkley Medical Excess Underwriters
GREENWICH, Conn., May 6, 2002 (BUSINESS WIRE) -- W. R. Berkley Corporation (NYSE: BER) today announced the appointments of Collin J. Suttie, Wayne Matthew (Matt) Fessler, Dianne L. Perry and Kimberley H. Willis each to the office of Vice President of Berkley Medical Excess Underwriters, LLC, its recently formed underwriting management unit specializing in medical malpractice liability coverage written on behalf of its affiliates, Admiral Insurance Company and Berkley Insurance Company.
The appointments are effective immediately.
Mr. Suttie, 40, was most recently with Employers Reinsurance Corporation where he served as Global Claims Actuary responsible for the measurement of claim process improvement initiatives in the US, UK, and Europe. During his six years there, he also had responsibility for product pricing of all healthcare segment lines and excess and treaty medical professional liability business. Mr. Suttie previously was an Actuarial Consultant with Milliman & Robertson for eight years. He received a B.S. from University of Wisconsin-Madison, an MBA from University of Wisconsin-Whitewater, and is a Fellow of the Casualty Actuarial Society.
Mr. Fessler, 43, was most recently with St. Paul Fire and Marine Insurance Company where he was responsible for the strategic and operational leadership of the largest medical professional liability claim organization in the industry. He spent 20 years at St. Paul in various corporate and field positions developing expertise in the oversight of high exposure litigation. He has his CPCU designation and is a member of the Defense Research Institute (DRI) Medical Liability Subcommittee. A graduate of Carthage College in Kenosha, Wisconsin, Mr. Fessler has participated in the Insurance Executive Leadership Program through the University of Pennsylvania, Wharton School of Business. He holds the Claim Law Associate designation through the American Education Institute.
Ms. Perry, 59, was most recently Vice President, Clinical Risk Management Services, for Employers Reinsurance Corporation, responsible for developing and implementing a variety of health care risk management activities to support the efforts of heath care organizations across the country. An R.N., she spent her early career as a staff and charge nurse in adult medicine, including critical care, obstetrics, and pediatrics. Her involvement in risk management spans 22 years in both hospital and insurance company settings. She is a past president and a former member of the board of the Missouri Association of Health Care Risk Managers.
Ms. Willis, 36, was most recently with AON Risk Services as Managing Director, Healthcare Syndication. During her 16 years at AON, her responsibilities included marketing, policy analysis, statistical loss analysis, product development, and financial evaluation of alternative risk vehicles, as well as designing programs for integrated delivery systems, multi-hospital systems, long term care providers, physician groups and managed care entities. She received her B.A. from the University of Missouri and her MBA from Maryville University. She has her CPCU and ARM designations and is a member of the American Society for Hospital Risk Management.
Berkley Medical Excess Underwriters will provide medical malpractice excess insurance and reinsurance coverage and services to hospitals and hospital associations that self insure their risks. With these appointments, Berkley Medical Excess Underwriters expects to meet its July 1, 2002 target to begin accepting business. Founded in 1967, W. R. Berkley Corporation is an insurance holding company which operates in five segments of the property casualty insurance business: specialty insurance, alternative markets, reinsurance, regional property casualty insurance and international.
This is a "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained herein may be identified by the use of forward-looking words including, without limitation, "believes", "expects" or "estimates". We caution you that such forward-looking statements should not be regarded as a representation by us that the future plans, estimates, or expectations contemplated by us will in fact be achieved. Please refer to our annual report on form 10-K for the year ended December 31, 2001 and our other filings made with the Securities and Exchange Commission for a description of the business environment in which we operate and the important factors that may materially affect our results. W. R. Berkley Corporation is not under any obligation, and expressly disclaims any such obligation, to update or alter its forwardlooking statements, whether as a result of new information, future events, or otherwise.
CONTACT: W. R. Berkley Corporation
Eugene G. Ballard, 203/629-3000
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Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding W.R. Berkley's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. News provided by COMTEX. User agreement applies
