W.R. Berkley establishes commercial transportation insurance division

W.R. Berkley establishes commercial transportation insurance division | Insurance Business

W.R. Berkley establishes commercial transportation insurance division

W.R. Berkley has announced the formation of a new division which focuses on offering primary transportation insurance products for standard and preferred risks.

The new Berkley Prime Transportation division will focus on utilizing analytics and technology to develop new methods of providing quality service to agents and customers, a release said.

As part of the formation of the division, Jeanne R. Fenster has been named president of Berkley Prime Transportation. Fenster has nearly 25 years of experience in the P&C insurance industry, most recently serving as senior vice-president and global head of commercial auto and general liability at a major property casualty insurer. She earned her Bachelor of Science degree in mathematics and psychology from the University of Memphis and a Juris Doctor degree from Vanderbilt University School of Law.

“The establishment of this new division will enable us to expand our footprint in commercial auto at a particularly good time. Jeanne has a wealth of expertise in both transportation insurance and predictive modeling and analytics that will allow us to leverage high-tech solutions to create an ‘ease of use’ brand,” commented W.R. Berkley Corporation president and CEO W. Robert Berkley, Jr.

The CEO also noted that the new division’s data and analytic tools will provide opportunities for broad application throughout the rest of the company.