WR Berkley Corp. said Monday it is broadening its Berkley Global Product Recall business and renaming it Berkley Product Protection.
The insurer said that in addition to product recall protection, it will offer product liability, general liability and excess liability protection that will be available to a wide range of medium to high risks, including manufacturers, wholesalers and importers.
The new policies will primarily be offered on a recognized basis with targeted effective dates beginning Jan. 1, 2023, the insurer said.
Luis Rivera, who has served as president of Berkley Global Product Recall since May 2022, will be joined by Ken Shoop, senior vice president and product liability chief underwriting officer, and Allison Daly, senior vice president and chief claims officer.
Mr. Shoop was formerly with Hartford Insurance Group, according to his LinkedIn profile, and Ms. Daly was previously with Marsh & McLennan Cos. Inc.