Towson, MD, Oct. 15, 2014 – Berkley FinSecure, a W .R. Berkley company, announced today the formation of Berkley Crime, an operating unit focused solely on offering a wide range of crime related insurance products. The crime underwriting team, which was originally established in 2008 as part of Berkley Asset Protection, also a W. R. Berkley company, will transfer from Berkley Asset Protection to become a new operating unit of Berkley FinSecure. Berkley Crime team members will remain in their current locations nationwide and will continue to be led by Sean Missal, Vice President.
Berkley Crime is focused exclusively on providing various crime related insurance products for commercial organizations, Financial Institutions and governmental entities. The operating unit’s extensive offerings include coverage for most types of crime related losses including employee theft, forgery, robbery, burglary and computer and funds transfer fraud. In addition, Berkley Crime offers a cost effective insurance product that covers kidnap, ransom and extortion losses for small to large companies and private individuals, and includes access to a top-rated crisis response company for insureds during a loss related event.
Sean Missal, Vice President of Berkley Crime, stated, “We are very excited about this transition as it offers the ideal environment for us to continue to grow and expand our business. The introduction of the new Berkley Crime brand identity highlights our commitment to the marketplace with a specialized operating unit exclusively focused on this product line. We have also launched a dedicated website, www.berkleycrime.com, to provide comprehensive company and product information with easy access to applications for agents and brokers.”
“The addition of the well-established and experienced underwriting team of the Berkley Crime operating unit enables Berkley FinSecure to broaden our offerings to our customers, agents and brokers and deliver on our common mission: ‘Experts focused on your protection. We Deliver’,” said Mike Dandini, President of Berkley FinSecure.
About Berkley Crime and Berkley FinSecure
Berkley Crime, an operating unit of Berkley FinSecure, is focused exclusively on providing crime related insurance products for commercial organizations, Financial Institutions and governmental entities as well as kidnap and ransom coverage for small to large companies and private individuals.
Berkley FinSecure is an insurance provider focused on serving the insurance needs of Financial Institutions, predominately small to medium-sized banks, savings and loans and credit unions. The company offers bond, management liability coverages and all standard property-casualty lines as well as specialty products catering to mortgage lenders and trust managers.
All products are underwritten on an admitted basis on behalf of W. R. Berkley Corporation member insurance companies, which carry A.M. Best and S&P A+ ratings and A.M. Best Financial Size Category XV.
Based in Towson, MD, Berkley FinSecure is a member company of W. R. Berkley Corporation, a Fortune 500 insurance holding company. For more information, please visit www.berkleyfs.com or contact Tonya Lusk at 410-372-6316 or [email protected].