W. R. Berkley Corporation, headquartered in Greenwich, Connecticut, named Shadi Albert as president of Vela Insurance Services. He succeeds Arthur G. Davis, who will assume the role of chairman of the business. The appointments are effective immediately.
Albert joined Berkley as president of Berkley Luxury Group in 2023, after serving as the executive vice president of strategy and business development in a key division at Selective Insurance. Previous roles include assistant vice president of reinsurance, strategy and enterprise risk capital advisory at WTW.
Davis joined Vela in 2018 as senior vice president and chief underwriting officer and has served as its president since 2019. As chairman, he will support the Vela team through the transition.
Fusion Specialty Insurance Appoints Underhill Head of Americas
Fusion Specialty Insurance, headquartered in New York, hired Robert Underhill as head of Americas, based in New York.
Underhill joins Fusion following nine years as global head of transactional liability at Berkshire Hathaway Specialty Insurance, where he launched and led its M&A transactional liability business across the United States, Europe, Asia and Australia.
Before Berkshire Hathaway, Underhill held senior positions at Locke Lord as partner in the transactional and regulatory insurance practice group, managing director and counsel at Fortress Investment Group, and director and counsel roles at Credit Suisse Investment Bank and Citigroup Investment Banking. He began his career as a corporate lawyer at Cleary Gottlieb Steen & Hamilton.
Topics Excess Surplus