W.R. Berkley to merge two U.S. reinsurer units

W.R. Berkley Corp. on Monday announced it will merge its two U.S. reinsurance underwriting units, Berkley Re America L.L.C. and Facultative ReSources Inc. The companies, both based in Stamford, Connecticut, will operate under the Berkley Re America name, the Greenwich, Connecticut-based insurer said in a statement. Berkley Re America is a specialty treaty reinsurance underwriter that services insurance companies or units within insurance companies that specialize in the products they underwrite, Berkley said.

http://ift.tt/1EWkmLZ