Berkley Re unveils new division

Berkley Re announced the launch of Berkley Re Turnkey Solutions, a new division dedicated to providing “innovative” reinsured turnkey solutions to carriers, MGAs, program administrators, and insurtech companies. This division will focus on growing Berkley Re’s reinsurance portfolio with scalable, easily implemented solutions backed by decades of industry expertise.

Having already achieved success in the reinsured turnkey business, Berkley Re is now committing focused resources to grow this portion of its reinsurance portfolio.

This new division will continue to offer a wide range of reinsured turnkey solutions for both commercial and personal lines. These solutions include Cyber Insurance, Employment Practices Liability Insurance (EPLI), Contractors Professional (E&O), Crime Insurance, Workplace Violence coverage for commercial entities, and Violent Event Protection coverage for personal lines. The unique value proposition lies in the ability to deliver scalable solutions that are easily implemented, backed by decades of industry expertise with a commitment to operational excellence. While offering a robust portfolio of existing products, Berkley Re is also committed to working closely with partners to uncover needs for new solutions, tapping into the power of the Berkley organization.

“We are excited to invest in and continue growing this portion of our portfolio. Helping partners launch new lines of coverage powered by our full spectrum of services is exciting for our team. We are focused on having the best people, products, and processes, making it easy to do business with us. This launch underscores our commitment to meeting the needs of clients and reinsurance broker partners with innovative and reliable solutions. We look forward to delivering partners the experience, tools, and innovations, backed by the strength and reliability of Berkley Re.” – Christopher Ellis, Senior Vice President and Head of Turnkey Solutions.