W.R. Berkley Forms New Division

NU Online News Service, Aug. 13, 1:31 p.m. EDT?W. R. Berkley Corporation said that its Berkley Specialty Underwriting Managers, LLC, has formed a new division to offer insurance products for the entertainment and sports industries.[@@]

The Greenwich, Conn.-based insurer said Cindy Broschart, 46, was named president of the new division, which will be headquartered in Dallas. Ms. Broschart, who most recently served as a senior vice president in charge of Gulf Insurance Group's entertainment and sports division, has over 27 years of insurance industry experience.

Michael Harris, 43, was named vice president. He most recently served as a senior vice president with Gulf Insurance Group's sports division and has 22 years of insurance industry experience.

"This is another opportunity for us to expand our offering of niche products," said William R. Berkley, chairman of the board and chief executive officer of the company. "We continue to search for the right people to provide expertise in segments of our industry which offer more knowledge driven opportunities. We are very pleased to have both Cindy Broschart and Michael Harris as part of our organization and are confident in their abilities to build a successful business."

On Tuesday, St. Paul Travelers, based in St. Paul, Minn., said it formed a national business unit to work with retail agents and brokers to provide p-c insurance to the entertainment industry, including film, television, music and stage productions.

The new Entertainment Unit included the combination of Gulf Insurance Group's specialized entertainment division with St. Paul Travelers' existing entertainment program written through Encore Entertainment Insurance Services, LLC, the Los Angeles-based managing general agency.

Special Reports /

W.R. Berkley Forms New Division

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