Latest news with #underwriting
Associated Press
15 hours ago
- Business
- Associated Press
W/R/B Underwriting Rebrands as Berkley Specialty London
LONDON--(BUSINESS WIRE)--Jun 6, 2025-- W/R/B Underwriting, a leading provider of specialty insurance solutions, is proud to announce its official rebrand to Berkley Specialty London, effective today. This strategic change marks a significant milestone in the company's evolution and reflects its alignment with the globally recognised Berkley brand. The rebrand to Berkley Specialty London underscores the company's continued commitment to delivering exceptional underwriting and claims handling expertise, long-term stability, and service excellence—while embracing a stronger, more unified identity with its parent company - W. R. Berkley Corporation. 'This is more than a name change—it's a better reflection of who we are and where we're headed,' said James Hastings, President and CEO. 'As Berkley Specialty London, we're building on our strong foundation while positioning ourselves for future growth, innovation, and deeper partnerships with our clients, brokers and distribution partners.' Rob Berkley, President and CEOof W. R, Berkley Corporation said: 'The London market is one of the most important in the industry and we have been a proud participant within it for decades. The rebrand of W/R/B Underwriting to Berkley Specialty London fully encapsulates our efforts, commitment and our value proposition in the London market.' While the trading name is changing, the core of the business remains the same. Clients will continue to work with the same trusted team, benefit from the same tailored solutions, and experience the same high standards of service as always. About Berkley Specialty London Berkley Specialty London is a specialist insurer, providing innovative insurance solutions across the Specialty Property and Specialty Casualty sectors. Supported by the strength of W. R. Berkley Corporation, one of the world's premier commercial lines property and casualty insurance providers, Berkley Specialty London combines offers expertise, stability and collaboration to its trading partners and customers. For more information, please visit View source version on CONTACT: Media Contact: Ruby Karatziola Marketing, Events and Communications Officer [email protected] KEYWORD: UNITED KINGDOM EUROPE INDUSTRY KEYWORD: FINANCE HEALTH PROFESSIONAL SERVICES INSURANCE HEALTH INSURANCE SOURCE: Berkley Specialty London Copyright Business Wire 2025. PUB: 06/06/2025 04:30 AM/DISC: 06/06/2025 04:28 AM
Yahoo
16 hours ago
- Business
- Yahoo
W/R/B Underwriting Rebrands as Berkley Specialty London
A New Name, A Continued Commitment to Excellence LONDON, June 06, 2025--(BUSINESS WIRE)--W/R/B Underwriting, a leading provider of specialty insurance solutions, is proud to announce its official rebrand to Berkley Specialty London, effective today. This strategic change marks a significant milestone in the company's evolution and reflects its alignment with the globally recognised Berkley brand. The rebrand to Berkley Specialty London underscores the company's continued commitment to delivering exceptional underwriting and claims handling expertise, long-term stability, and service excellence—while embracing a stronger, more unified identity with its parent company - W. R. Berkley Corporation. "This is more than a name change—it's a better reflection of who we are and where we're headed," said James Hastings, President and CEO. "As Berkley Specialty London, we're building on our strong foundation while positioning ourselves for future growth, innovation, and deeper partnerships with our clients, brokers and distribution partners." Rob Berkley, President and CEO of W. R, Berkley Corporation said: "The London market is one of the most important in the industry and we have been a proud participant within it for decades. The rebrand of W/R/B Underwriting to Berkley Specialty London fully encapsulates our efforts, commitment and our value proposition in the London market." While the trading name is changing, the core of the business remains the same. Clients will continue to work with the same trusted team, benefit from the same tailored solutions, and experience the same high standards of service as always. About Berkley Specialty London Berkley Specialty London is a specialist insurer, providing innovative insurance solutions across the Specialty Property and Specialty Casualty sectors. Supported by the strength of W. R. Berkley Corporation, one of the world's premier commercial lines property and casualty insurance providers, Berkley Specialty London combines offers expertise, stability and collaboration to its trading partners and customers. For more information, please visit View source version on Contacts Media Contact: Ruby KaratziolaMarketing, Events and Communications Officerrkaratziola@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 days ago
- Business
- Bloomberg
A Market Verdict on Florida's Insurance Crisis Is Coming
Florida has made major strides since its property insurance crisis a few years ago, when some companies failed and others abandoned the state. Carriers have started turning profits again, new insurers are entering the market, and premiums have stabilized. Climate change isn't going away, but new insurers are testing the notion that they can manage the risks with better underwriting technology and legislative reforms. The forthcoming initial public offering from Slide Insurance Holdings Inc., which comes to market at the start of the Atlantic hurricane season, is perhaps the clearest test for that thesis.
Finextra
2 days ago
- Business
- Finextra
Liberis builds AI underwriting agent
Embedded business finance platform Liberis has launched a proprietary AI underwriting agent built to boost accuracy and slash decision times. 0 Called Ada after programming pioneer Ada Lovelace, the agent is designed to eliminate repetitive manual tasks and accelerate funding decisions for businesses. It ingests and analyses financial, compliance, and digital footprint data in real-time, automatically surfaces key risk factors, trends, and anomalies to support human underwriters. Liberis has been using AI for years and 85% of its financing decisions are already automated. However, manual underwriters are used for more complex cases. In those scenarios, underwriting accounts for nearly half of application processing time. Ada tackles these inefficiencies by automating data analysis across multiple sources including open banking data, Companies House records, credit bureau information, and digital footprint indicators. This, projects the firm, will deliver a 50% reduction in manual decision time for complex cases, while improving accuracy by correcting for human bias and blind spots. "Ada's value goes far beyond just time savings. As humans, we all have biases and blind spots. Ada helps us uncover those. It flags what we might have missed and brings those risks to the surface, improves fairness, and helps us learn from past decisions," says Rob Straathof, CEO, Liberis.
Yahoo
3 days ago
- Business
- Yahoo
Markel expands tie-up with Cyberwrite for cyber risk modelling
Cyberwrite, a provider of cyber risk modelling, has expanded its partnership with Markel Insurance to enhance underwriting, broker enablement and cyber risk modelling across Europe. Markel Europe uses Cyberwrite's AI-driven technology to help underwriters model exposures and share findings with brokers and clients. The integration provides predictive cyber risk analytics for businesses worldwide, reducing loss ratios and enabling data-driven underwriting in seconds. The technology also supports advanced cyber catastrophe modelling. Cyberwrite's patented AI transforms complex cyber risk data into actionable insights, allowing professionals to quickly communicate breach probabilities and economic impacts. The platform offers benchmarking against industry peers and supports Cyberwrite's next-generation catastrophe modelling solution. Cyberwrite CEO and founder Nir Perry said: 'This expanded partnership demonstrates how our patented AI-driven cyber insurance underwriting technology specifically addresses the gaps that have historically complicated cyber insurance underwriting and modelling.' Markel Europe CEO Frederik Wulff stated: 'Cyberwrite's platform has transformed how we evaluate cyber risk across diverse markets and industries for small and mid-size businesses. 'Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach.' This partnership expansion follows a similar initiative by Samsung Fire & Marine Insurance, which recently joined forces with Cyberwrite to enhance its cyber insurance processes. Founded in 2017 by cybersecurity and insurance veterans, Cyberwrite is a leader in AI-driven cyber risk quantification. Its solutions are used by insurers, reinsurers and brokers to streamline cyber insurance distribution and reduce costs. "Markel expands tie-up with Cyberwrite for cyber risk modelling " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
