W. R. Berkley Corporation Forms Berkley International Fianzas Mexico S.A. and Berkley International Seguros Mexico S.A.

By a News Reporter-Staff News Editor at Insurance Weekly News -- W. R. Berkley Corporation (NYSE: WRB) announced the formation of Berkley International Fianzas Mexico S.A. and Berkley International Seguros Mexico S.A. Both have been granted authorization to commence operations by Comision Nacional de Seguros y Fianzas (CNSF) and will begin offering coverages to clients throughout Mexico in the next few weeks. Berkley International Fianzas Mexico will focus on surety business, while Berkley International Seguros Mexico will offer a broad array of specialty commercial insurance products and services.

Guillermo Espinosa Barragan has been named general director of Berkley International Fianzas Mexico and Javier Garcia Ortiz de Zarate has been named general director of Berkley International Seguros Mexico. Mr. Espinosa has nearly 25 years of experience in the property casualty insurance industry, predominately focused in the surety segment. He most recently served as regional director for a Mexican surety subsidiary of a leading insurer. Mr. Garcia has over 15 years of experience in the property casualty insurance industry, predominately focused on underwriting in Mexico and Argentina. He most recently served as regional director for property casualty insurance in Mexico for a major insurance company. The appointments are effective immediately.

W. Robert Berkley, Jr., chief executive officer and president of W. R. Berkley Corporation, commented, "Mexico is a vibrant market with relatively low insurance penetration that provides significant opportunities. Guillermo and Javier both have extensive knowledge of the surety and insurance markets, respectively, in Mexico, and their experience will enable us to develop a superior offering of products and services tailored to the specific needs of clients in the region. We are pleased to welcome them to our team."

Celebrating 50 years, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty business: Insurance and Reinsurance.

Keywords for this news article include: Financial Companies, W. R. Berkley Corporation, Property and Casualty Insurance Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC