W. R. Berkley Corporation
Our Business
 
Berkley International Argentina

Eduardo Llobet

President & Chief Executive Officer

James S. Carey

 

Officers

Eduardo Llobet

President & General Manager, BIS
President, BIART

Osvaldo Borghi

Sr. Vice President &
Vice General Manager, BIS

Alejandro Bruce

Sr. Vice President &
General Manager, BIART

Fernando Sellei

Deputy General Manager, BIART

Martin Sotoquintus

Business Director, BIA

Marcelo Crespo

Chief Financial Officer, BIA

Cristian Abudd

Chief Information Officer, BIA

Alfredo Aimone

Surety Manager, BIS

Juan Pablo Bradley

Life & Related Manager, BIS

Gabriel Rodriguez

Claims Manager, BIS

Raúl Piermarini

Administration Manager, BIS

Diego Comolli

Underwriting Manager, BIS

Mariano Armengou

Claim Prevention Manager, BIART


Regional Managers

Alberto Tettamanti

Interior Commercial Manager, BIS

Claudio Allende

Buenos Aires Regional Manager

Fabián Bertotti

Buenos Aires Commercial Manager

Marcelo Andri

Middle & Northwestern Regional
Manager

Maximiliano Rodríguez

Cuyo Regional Manager

Lisandro Gayol

Litoral Regional Manager


Berkley International
Do Brasil Seguros S.A.

Horácio D´Almeida E Silva

President & Chief Executive Officer

Marcelino Risden

Executive Vice President

Silvia Vergara

Chief Underwriting Officer

Carlos Alberto Borges
Do Nascimento

Chief Financial Officer

Company At-A-Glance PDF

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Berkley International Argentina

Berkley International Seguros and Berkley International ART are the first providers of property, liability, surety, group life and related, and workers’ compensation insurance products and services on a multi-regional basis in Argentina.

Our Mission

Our goal is to become the most reliable and dependable provider of insurance products and services in Argentina. Our entrepreneurial spirit allows us the creativity to innovate, and the flexibility to generate opportunities.

Company Description

Berkley International Argentina S.A. (BIA), through its operating companies, Berkley International Seguros (BIS) and Berkley International ART (BIART), is the first multi-regional insurance provider in Argentina. Berkley International Seguros and Berkley International ART are member companies of Berkley International, LLC. We offer a wide variety of property, liability, surety, group life and related lines, and workers’ compensation insurance products and services designed to meet the needs of individuals and businesses.

Our new multi-regional organizational concept, with its decentralized structure of autonomous regional units, has allowed us to successfully understand and respond to local market needs, trends and opportunities. Berkley International Seguros provides property and liability insurance and surety, group life and related products, while workers’ compensation coverage and services are provided through Berkley International ART.

Utilizing our same model of decentralization and regional consolidation, in 2006 we began operations in Brazil through the incorporation of a new subsidiary. Berkley International do Brasil Seguros S.A. specializes in the surety business and provides that type of insurance nationwide, while focusing in the Southeast and South main regions of Brazil. With this important step, we continue creating strong competitive advantages in the regional surety markets.

How Berkley International Seguros And Berkley International Art Are Different

Our business philosophy is one of continuous innovation, introducing new products and services that exceed our customers’ highest expectations. We rely on flexible administrative structures and advanced technological systems to provide the highest quality marketing and underwriting functions. This is combined with a service-oriented claims management and resolution approach that is as close to the clients as possible.

Accountability We encourage our employees to take initiative in providing the highest quality care and service to our customers. We focus on the needs of our customers, agents, representatives, suppliers, and shareholders.

People-Oriented Strategy Due to our flexible operating structure, we are able to personalize local business contacts and focus on quality of service and risk management. We combine the resources and skills of a large corporation with the agility and flexibility of a small company. We believe our success is due to understanding the insurance needs of our customers and our close contact with them.

Responsible Financial Practices Although we have had rapid growth, we have sustained a healthy financial position that provides us with flexibility and support. This sound financial position is reflected in our AA rating given by Fitch Ratings Argentina in December 2006, which has reported that our “capacity for timely payment of claims is very solid within the country.”

Distribution We have developed an operational platform managed by three main regional profit centers – Rosario, Buenos Aires and Córdoba – which operate in five regions:

  • Buenos Aires Region: Buenos Aires City and Greater Buenos Aires.
  • Litoral Region: Rosario, Santa Fe, Formosa, Chaco, Corrientes, Entre Ríos, Misiones and North of Buenos Aires Province.
  • Middle & Northwestern Region: Córdoba, La Rioja, Catamarca, Tucumán Salta, Jujuy and Santiago del Estero.
  • Cuyo Region: Mendoza, San Juan and San Luis.
  • Austral Region: Center and South of Buenos Aires Province (Mar del Plata and Bahía Blanca areas), La Pampa, Neuquén, Chubut, Río Negro, Santa Cruz and Tierra del Fuego.

Products In personal lines, we offer insurance services and products for individuals including, but not limited to, homeowners, automobile, theft and personal liability. In commercial lines, we offer specific policies to cover the needs of businesses and professionals, as well as coverage specially designed for affinity groups, including but not limited to, workers’ compensation, surety, group life and related, fire, hail, automobile, third party liability and transportation.

Contact Information

For additional information, please contact us at the address of our home office, our web site www.berkley.com.ar, or at any of our regional offices via telephone, fax or email.

Rosario
Bartolomé Mitre 699
Tel: 54 0341 410 4200
Fax: 54 0341 425 9802
ros@berkleyseguros.com

Buenos Aires
Berkley Tower
Carlos Pellegrini 1023
Tel: 54 011 4378 8100
Fax: 54 011 4378 8189
bue@berkleyseguros.com

Córdoba
Av. Olmos 275
Tel/Fax: 54 0351 410 4200
cba@berkleyseguros.com

Santa Fe
San Martín 2698
Tel/Fax: 54 0342 453 6391 / 452 4411
sfe@berkley.com.ar

Mendoza
España 818
Tel/Fax: 54 0261 429 0470 / 429 2338 /
423 0397
mza@berkley.com.ar

Mar del Plata
Santiago del Estero 1495
Tel/Fax: 54 0223 494 4280/89
mdp@berkley.com.ar

Bahía Blanca
Av. Colón 397
Tel/Fax: 54 0291 455 1500
bahia@berkley.com.ar

Rio Grande
El Cano 909
Tel/Fax: 054 02964 1545 2962
tdf@berkleyseguros.com

Berkley International
do Brasil Seguros S.A.

Rua Olimpíadas 200, 11º Andar, 04551-000
- Vila Olímpia, São Paulo, Brazil
Tel: 55 11 3848 8622
Fax: 55 11 3848 8633
berkley@berkley.com.br
www.berkley.com.br

Financial Highlights

The following financial data is based on BIA US GAAP Consolidated Financial Statements for the year ended December 31, 2006.

Financial Data
(In Argentine Pesos)

 
2006
 
Total Assets
Total Stockholders’
Equity
Direct Premiums Written
Net Income
Return on Equity
508,787,216  

198,219,523  
334,825,318  
27,972,900  
16.8%

2005
 
Total Assets
Total Stockholders’
Equity
Direct Premiums Written
Net Income
Return on Equity
408,802,780   

166,182,405   
255,320,179   
36,092,037   
27.7%

2004
 
Total Assets
Total Stockholders’
Equity
Direct Premiums Written
Net Income
Return on Equity
352,928,238   

130,078,883   
225,163,206   
25,515,009   
35.1%