A global insurance-holding company has announced three senior executive appointments.
Philip Welt was named executive vice president and general counsel of W.R. Berkley Corporation, while Joseph Sullivan and Michael Maloney were appointed as executive vice presidents (EVP) with oversight responsibility for certain operating units.
Welt joined Berkley in 2004 as vice president – senior counsel and was named EVP with oversight responsibility for some of the company’s operating units in 2011. Prior to that, he was assistant general counsel of mergers and acquisitions at a major international insurer and a corporate associate with the New York law offices of Davis Polk & Wardwell. Welt is also a certified public accountant and was a senior manager at the accounting firm of Deloitte & Touche.
Sullivan joined Berkley as EVP and chief operating officer of Facultative ReSources in 2010 and was most recently president of Berkley Re America since 2012. He brings nearly 25 years of property and casualty insurance and reinsurance experience to his new role.
Robert Hewitt, EVP with oversight of the company’s reinsurance operating units, was appointed interim president of Berkley Re America.
Maloney has more than three decades of experience in the property and casualty insurance industry. He was most recently EVP and chief underwriting officer for a leading global insurer’s North American financial lines.
“Phil and Joe have both been key contributors to the long-term success of our enterprise,” said W. Robert Berkley, Jr., president and CEO of W.R. Berkley Corporation. “We expect that these changes in each of their responsibilities will allow us to take full advantage of their individual skillsets within their areas of expertise and allow them to have an even greater impact on the company’s future. We are also extremely pleased to welcome Mike to Berkley. His extensive underwriting background will be very complementary to our team.”