W. R. Berkley announces leadership transition at Vela Insurance

Wr Berkley Shady Albert was appointed as a new head of her subsidiary, Vela Insurance Services, succeeding Arthur Davis.

The company said that Davis will move to the president’s role, and provide guidance during the change period.

As WR Berkley, Vela Insurance specializes in providing excessive and surplus lines insurance solutions and professional liability insurance solutions across four distinct sectors in the market.

Albert joined Berkeley in 2023 as head of Berkeley’s luxury group. His previous experience includes work as deputy chief executive of strategy and business development in a major American insurance group.

Davis, who was with Villa since 2018, initially joined the first vice president and the head of subscription before he became president in 2019.

“We thank art for his service and we are grateful that it will help in facilitating a smooth transition. We are excited by Shadi to take over this new role,” said son.

“His fixed leadership and depth of experience will complete the experience of the talented Villa team in providing an exceptional service to its mediators and customers.”

WR Berkley is an insurance holding company founded in 1967 and participates in the work of real estate resources worldwide through insurance, reinsurance and grant sectors.

Wr Berkley Corporation has reported a net income for ordinary shareholders of $ 417.6 million for the first quarter of 2025 (Q1 2025), a 5.6 % decrease from 442.4 million dollars in the previous year.

The company’s operating income for Q1 2025 was 404.7 million dollars, a decrease of $ 423.3 million in the first quarter of 2024.

Wr Berkley Corporation has seen an increase in the net written premiums, which rose to $ 3.1 billion from $ 2.8 billion in the same quarter of the previous year.

“WR Berkley announces the transfer of driving in Vela Insurance” was originally published by Life Insurance International, a brand owned by Globaldata.

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