W. R. Berkley Corporation Announces New Division: Berkley Embedded Solutions
Insurance holding giant W. R. Berkley Corporation has unveiled an innovative new division named Berkley Embedded Solutions. This strategic move is designed to harness cutting-edge technology and provide specialized digital insurance offerings. These solutions will enable customers to obtain customized insurance products exactly when they need them, benefiting from W. R. Berkley’s robust underwriting expertise and expansive network.
The newly established division will be led by Stephanie Lloyd as its President, effective immediately. Lloyd brings with her an impressive two decades of experience in the property and casualty insurance sectors. Throughout her career, she has held key leadership positions encompassing underwriting, product development, and distribution.
Most recently, Lloyd served as CEO of LiveWell by Zurich and prior to that, as President of Toggle Insurance. Her extensive experience also includes a 15-year tenure at Farmers Insurance, where she played various roles since her start in 2007.
W. Robert Berkley, Jr., President and CEO of W. R. Berkley Corporation, remarked on Lloyd’s appointment, “Stephanie is renowned as a trailblazer in the embedded insurance landscape, having successfully launched and scaled a thriving embedded platform servicing numerous global consumer brands. Berkley Embedded’s unique value lies in offering traditional insurance industry acumen while simultaneously engaging customers where they prefer. We are thrilled to have Stephanie spearheading Berkley’s initiatives on this significant frontier.”
