W. R. Berkley, an insurance holding company, has introduced a new unit called Berkley Healthcare to serve healthcare providers.
The new unit constitutes Berkley Healthcare Professional Underwriters and Berkley Healthcare Financial Lines.
Berkley Healthcare Professional Underwriters will offer tailored professional liability solutions.
Berkley Healthcare Financial Lines will include liability for directors and officers, employment practices liability, errors and omissions as well as cyber liability.
The new unit will be headed by Gregg Piltch as president. In the new role, Piltch will manage additional and enhanced product offerings.
Piltch has spent around three decades in the property casualty insurance sector, with expertise in underwriting, operations and risk management.
Prior to assuming the new role, he headed global casualty technical underwriting for a global commercial lines insurer.
W. R. Berkley president and CEO W. Robert Berkley, Jr. said: “With a strong foundation of professional liability products and services and the introduction of financial lines, Berkley Healthcare, along with BerkleyMed, is in a unique position to deliver comprehensive solutions tailored to specialised needs of businesses in the healthcare sector.”
W. R. Berkley believes the healthcare sector to be “vitally important” for the US economy and noted that the sector represents 18% of US GDP.