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W. R. Berkley Corporation Names Douglas J. Powers President and Chief Executive Officer of Carolina Casualty Insurance Company

^{Published on 2010-07-29 11:20:43 - Market Wire}
 

GREENWICH, Conn.--([ BUSINESS WIRE ])--W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Douglas J. Powers as president and chief executive officer of Carolina Casualty Insurance Company, succeeding William E. Haines. The appointment is effective immediately.

Mr. Powers has more than 25 years of experience in the insurance industry. He has been with W. R. Berkley Corporation since 1992, having co-founded Monitor Liability Managers, LLC, a W. R. Berkley Corporation member company, and serving as its president and chief executive officer until 2009.

Carolina Casualty specializes in writing liability, physical damage and motor truck cargo insurance for the nationa™s trucking industry, including local, intermediate, and long-haul truckers, as well as private carriers. It also writes liability and physical damage coverage for various classes of business and public auto insurance.

Commenting on the appointment, William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corporation, said: aWe anticipate Douga™s leadership to positively impact Carolina Casualtya™s operations as a leading provider of insurance to the commercial transportation marketplace. We thank Bill for his fine service and accept his request to alter his role within our organization so that he can continue to provide value to both Carolina Casualty and W. R. Berkley Corporation.a

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 five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international.