Source: W. R. Berkley news release



W. R. Berkley Corp. has formed Berkley Agribusiness Risk Specialists, a new division of Continental Western Group LLC. Based in Des Moines, Iowa, Berkley Agribusiness Risk Specialists will operate nationally and offer property and casualty insurance products to mid-sized and larger commercial agribusiness and related risks. The new division will serve customers in regional grain storage and marketing, grower-packer-shippers and food and beverage distribution, among others.



Terry Shaw has been appointed division president and Brad Waline and Brad London have each been named senior vice president of the division.



Berkley Agribusiness Risk Specialists will use as its issuing carriers member companies of W. R. Berkley's regional segment, each of which are rated A+ (Superior) by A.M. Best Company Inc.



"Berkley Agribusiness Risk Specialists will use its underwriting expertise in specialized agribusiness products to become a leading nationwide market and should provide an excellent opportunity for profitable growth," said William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley.



Founded in 1967, W. R. Berkley is an insurance holding company that operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international.