Berkley Financial Specialists News

Berkley FinSecure Announces Formation of Berkley Crime Unit

Towson, MD, Oct. 15, 2014 – Berkley FinSecure, a W .R. Berkley company, announced today the formation of Berkley Crime, an operating unit focused solely on offering a wide range of crime related insurance products.  The crime underwriting team, which was originally established in 2008 as part of Berkley Asset Protection, also a W. R. […]

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Berkley FinSecure Promotes Jon Martin to Vice President, Sales and Distribution

Towson, MD – September 15, 2014 – Berkley FinSecure, a W. R. Berkley company, announced today that Jon Martin has been promoted to Vice President, Sales and Distribution.    In his new role, Mr. Martin will be responsible for management of Berkley FinSecure’s nationwide network of regional sales executives in addition to his current responsibility of […]

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FDIC-Insured Institutions Earned $40.2 Billion in the Second Quarter of 2014

Other highlights from the FDIC Quarterly Banking Profile include: Quarterly loan growth is largest since 2007 Commercial banks and savings institutions second quarter net income increased $2B or 5.3% More than half of the 6,656 institutions reporting had positive year over year growth in earnings The number of problem banks fell for the 13th consecutive […]

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FDIC Continues to Collect from D&O Lawsuits and Claims

On July 25, 2014 the FDIC released its Professional Liability Lawsuits Updates. The link is below. Some notable items: $6.8B – the amount collected from FDIC for professional liability claims from 1986 through 2012 by the FDIC (and former Resolution Trust Corporation); $1.9B is the amount spent to fund all professional liability claims and investigations […]

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Berkley FinSecure Advises CU Directors and Officers to be Watchful of their Changing Risks

In a recently published article in Credit Union Management magazine (June 2014 – Vol: 37, No. 6), three executives from Berkley FinSecure provided valuable insights into the changing risks for directors and officers of credit unions.  The article, “A Bubble of Protection” by Karen Bankston (https://www.cues.org/article/view/id/A-Bubble-of-Protection), related how regulatory, business and technology changes within credit […]

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June Events

Berkley FinSecure representatives will be participating in the following events in June and would be happy to meet with you. Please contact them for further information: Chuck Cook Missouri Bankers Association 2014 Annual Convention June 4 – 6, 2014   Hilton Branson Convention Center, Branson, MO __________________________________________________ Bill Groves Virginia Bankers Association Annual Convention June 15 – 18, […]

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FinSecure Announces Company Name Change to Berkley FinSecure

Towson, MD, April 25, 2014 – FinSecure, a W. R. Berkley Company, announced today that it is changing its name to Berkley FinSecure. The name change is part of a re-branding effort that builds on its success in the financial institution insurance market and more closely aligns the Company’s positioning with the strength and resources […]

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Upcoming Events for May

Berkley FinSecure representatives will be participating in the following events in May and would be happy to meet with you. Please contact them for further information: David Cassel Louisiana Bankers Association 114th Annual Convention & Exposition May 7 – 9, 2014 The Ritz-Carlton, New Orleans, LA  __________________________________________________ Scott Harris Texas Bankers Association Annual Convention May […]

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