W. R. Berkley Corporation Expands Role of Joseph G. Shores, President of Berkley Select, to Include President of Monitor Liability Managers
GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE: WRB) today announced that Joseph G. Shores, president of Berkley Select, will undertake the additional responsibility as president of Monitor Liability Managers. The appointment is effective immediately. Mr. Shores succeeds Sandra C. Nelson, who will be involved in other activities within the W. R. Berkley Corporation group of companies.
Joe Shores joined W. R. Berkley Corporation in May 2007 with the launch of Berkley Select, and will remain Berkley Select's president in addition to his new responsibilities at Monitor. Prior to joining W. R. Berkley Corporation, Mr. Shores was responsible for regional specialty lines underwriting operations at another leading national property and casualty insurer, including the executive management of a significant professional liability operation. He has over 25 years of experience in the insurance industry with significant specialty, professional liability and excess lines experience.
Monitor's public company directors' and officers' liability business will report to Berkley Professional Liability. Under the direction of John Benedetto, president, BerkleyPro has developed into a leading provider of professional liability insurance for publicly traded and large private entities based in the U.S. and Canada since its formation in 2008.
William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corporation, said: "Joe has done an outstanding job in developing a successful operation at Berkley Select. He has worked closely with Monitor for many years, and while these two operating units will remain independent, they will both benefit from the expertise of his leadership. In addition, the combination of all public company directors' and officers' liability business under John's exceptional direction will provide additional market opportunities. We thank Sandy for her numerous contributions to the organization over the years and are pleased that she will be continuing on with us."
Based in Rolling Meadows, IL, Monitor Liability Managers is an underwriting management company specializing in executive and professional liability insurance. Monitor distributes its products to the marketplace through appointed and licensed independent agents and brokers on a nationwide basis with a focus on small to middle market companies. For further information about the products and services available from Monitor, please visit www.monitorliability.com.
Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates in three segments of the property casualty insurance business: insurance-domestic, insurance-international, and reinsurance-global.
W. R. Berkley Corporation
Karen A. Horvath, Vice President - External Financial Communications
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The article W. R. Berkley Corporation Expands Role of Joseph G. Shores, President of Berkley Select, to Include President of Monitor Liability Managers originally appeared on Fool.com.
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