W. R. Berkley Corporation Names Wayne H. Carter,
III President of Berkley Program Specialists

Greenwich, Connecticut, April 23, 2014
-- W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Wayne H. Carter, III as president of Berkley Program Specialists, a W. R. Berkley Company. The appointment is effective immediately.

Based in Naperville, Illinois, Berkley Program Specialists is a leading program management company offering both admitted and non-admitted insurance support for commercial program administrators and in-house program managers with specialized insurance expertise. Mr. Carter succeeds John Diem, who is retiring.

Mr. Carter has more than 35 years of experience in the property casualty insurance industry, notably in underwriting, risk management and distribution. Most recently, he served as the president and chief executive officer of a managing general underwriter (MGU) and program administrator specializing in professional liability insurance programs. Mr. Carter graduated with a B.S. in Mathematics and a B.A. in Economics from Virginia Polytechnic Institute and State University and holds both the Chartered Property Casualty Underwriter (CPCU) and Associate in Risk Management (ARM) designations.

William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corporation, commented, “With a background in many aspects of the program business, Wayne is particularly suited to take on the leadership of Berkley Program Specialists, and we welcome him to this role. We thank John for his substantial contributions to W. R. Berkley Corporation and wish him well in his retirement.”

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates in three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global

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