MINNEAPOLIS–(BUSINESS WIRE)–Berkley Technology Underwriters, LLC, a leading Minneapolis-based global technology underwriter, has been accredited as a Coverholder on behalf of Lloyd’s of London. As a Coverholder, Berkley Technology Underwriters is able to secure locally accepted insurance coverage around the world for its U.S. technology clients.
Coverage is provided under Lloyd’s licenses through W. R. Berkley Syndicate 1967, a Lloyd’s syndicate underwriting a worldwide portfolio of insurance and reinsurance risks.
The arrangement with Lloyd’s, the world’s premier specialist insurance market, allows for a range of first- and third-party insurance coverages, from the coverage of property such as electronic processing data equipment, to public and general liability.
“Our mission is to help U.S. technology companies manage their risks wherever they do business,” said Matthew Mueller, who has more than 30 years of experience in insurance underwriting for technology companies and has served as president of Berkley Technology Underwriters since its launch in 2011. “U.S. technology companies doing business globally are at risk to any number of complex situations and Berkley Technology Underwriters is prepared to provide the solutions they need to navigate those risks.
“Our arrangement with Lloyd’s, will offer us broad new capabilities to serve the needs of our technology clients wherever they venture to expand their markets,” Mueller added.
“We’re excited to welcome Berkley Technology Underwriters as a Coverholder on our behalf,” noted Mike Sibthorpe, chief executive of W. R. Berkley Syndicate 1967. “We are confident that our alliance will add great value to their business partners and clients worldwide, based on the strong credentials that Berkley Technology Underwriters has in the technology market.”
About Berkley Technology Underwriters
Berkley Technology Underwriters is a global technology insurance underwriter specializing in professional liability insurance, general liability insurance, property insurance, and international technology insurance for clients with technology exposure and technology firms worldwide. Headquartered in Minneapolis, Minn., Berkley Technology Underwriters is a member company of W. R. Berkley Corporation, one of the most respected names in the property casualty insurance market. For more information about Berkley Technology Underwriters, visit our website at www.berkley-tech.com.
About W. R. Berkley Lloyd’s Syndicate 1967
W. R. Berkley Lloyd’s Syndicate 1967 is a Lloyd’s syndicate specializing in underwriting a worldwide portfolio of insurance and reinsurance risks. The syndicate is managed at Lloyd’s by W. R. Berkley Syndicate Management Limited, which is authorized and regulated by the Financial Services Authority (“FSA”). W. R. Berkley Syndicate 1967 is the trading name of W. R. Berkley Syndicate Management Limited, registered in England and Wales under the company number 06589648, with an address at 34 Lime Street, London, EC3M 7AT. For more information about W. R. Berkley Lloyd’s Syndicate 1967, visit their website at www.wrbsyndicate.com.
Stephen Dupont, 612-435-8315
Copyright Business Wire 2012