W.R. Berkley Corp. said it has combined two of its healthcare-focused operating units in a bid to strengthen how it offers their products to customers.
BerkleyMed and Berkley Healthcare are now blended into a single operating unit with the Berkley Healthcare name, according to the insurer.
Launched in 2001, BerkleyMed has focused on the excess hospital professional liability market. Berkley Healthcare traditionally provided customized, comprehensive professional liability products and services and a suite of financial coverages, including directors and officers liability, employment practices liability, and errors and omissions to the healthcare community.
Under the new structure, the enhanced BerkleyMed team will handle all medical professional coverages, while the Berkley Healthcare Financial Lines team will be responsible for financial lines. The combined strength of the new Berkley Healthcare will allow Berkley to respond to the changing needs of the growing and evolving healthcare industry through a single source that can seamlessly bring new and enhanced products to market and offer additional coverages such as workers compensation, environmental and cyber in conjunction with other Berkley companies, the deal announcement noted.
With the reorganization, Gregg Piltch has been appointed president and Collin Suttie was named chairman of Berkley Healthcare. The appointments are effective immediately.
Piltch led Berkley Healthcare since 2018. He has over 30 years of experience in the property/casualty insurance industry, many of which were spent in senior leadership positions. He has significant expertise in underwriting, operations and risk management. Suttie has been a member of the BerkleyMed’s senior management team since its inception and served as its president since 2010. He will continue to support Piltch and the Berkley Healthcare team throughout the transition. Over time, he will support other Berkley initiatives and activities.
Source: W.R. Berkley Corp.