W. R. Berkley Corporation today announced that Kathleen M. Tierney has been appointed senior vice president. Ms. Tierney will oversee the Company's newly created high net worth personal lines business. The appointment is effective immediately.
Ms. Tierney has over 25 years of cross-functional experience in the property casualty insurance industry, including underwriting, marketing, finance, strategic development and field leadership positions. Most recently, she served as executive vice president and chief operating officer of a similar division at another leading insurance group. She graduated with a Bachelor of Arts degree from Williams College and holds a Masters of Business Administration from the New York University Stern School of Business.
W. Robert Berkley, Jr., chief executive officer and president of W. R. Berkley Corporation, commented on the appointment, "We are excited to be entering the high net worth personal lines market with a dynamic and proven leader like Kathy. We view this segment of the property casualty insurance market as a specialty business where expertise and customer service can provide significant differentiation. Kathy is a highly experienced insurance executive who possesses the full set of capabilities that will enable us to deliver a superior value proposition to clients, while simultaneously obtaining strong risk-adjusted returns for our shareholders over the long term."
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.