Berkley Canada is celebrating its 10th founding anniversary on October 06.
“As we celebrate this milestone, we are thankful for all the support we have received from our customers and broker partners,” said Berkley Canada president Andrew Steen in a statement. “We look forward to continuing our mission of combining expertise and local decision making to create better outcomes for customers.”
A release said that Berkley Canada – a W. R. Berkley Corporation company – was established on the premise that offering customers and broker partners with a service built on “specialized knowledge and expertise,” as well as the ability to make all decisions locally, would deliver long-term value. Since its inception, Berkley Canada has become one of the Canadian P&C market’s top performing niche specialty carriers.
“We would like to congratulate our colleagues at Berkley Canada on their many accomplishments as they cross the threshold into their second decade of operations,” commented W. R. Berkley Corporation president and CEO W. Robert Berkley Jr. “We are excited about the ongoing opportunities in this market and the future success of Berkley Canada.”
At present, Berkley Canada’s business is comprised of two segments: commercial specialty insurance and accident, health and travel insurance. The company has more than doubled in size and improved its combined ratio by over 40% in the last five years.
