Would provide a multi-line insurance product offering in the domestic energy sector
W. R. Berkley, an insurance holding company, has formed Berkley Oil & Gas Specialty Services. Berkley Oil & Gas, based in Houston, Texas, will provide a multi-line insurance product offering, including general liability, auto liability, workers’ compensation, umbrella, control of well, inland marine, property and risk control services in the domestic energy sector.
Berkley Oil & Gas will underwrite on behalf of W. R. Berkley member insurance companies. Its distribution channels will include retail agents and brokers.
Carol Randall has been named president of Berkley Oil & Gas. Ms. Randall has over 20 years of experience in the commercial insurance industry, with a primary focus on oil and gas risks. She most recently served as chief underwriting officer for oil and gas with a major insurer.
William Berkley, chairman and CEO of W. R. Berkley Corporation, said: “We are delighted to have Carol join us as the leader of this new operating unit to leverage our existing presence in the oil and gas marketplace. Our two distinct underwriting entities, Berkley Oil & Gas and Berkley Offshore – – which is headed by Frank Costa – – will expand the oil and gas insurance product portfolio offered by the W. R. Berkley Corporation group of companies and provide an expanded platform for our service to the energy industry.”