W. R. Berkley Corporation announced on December 19, 2024, that Berkley Insurance Company has received approval from the International Financial Services Centres Authority (IFSCA) to establish a branch office in India. The new branch, named Berkley Insurance Company, IFSC Branch GIFT City, Gujarat, signifies a key milestone for Berkley Insurance Asia.
Unnati Bajpai has been appointed as the chief executive officer and principal officer of the IFSC Branch. Ms. Bajpai brings extensive experience in the insurance industry and will join the Berkley Insurance Asia leadership team.
W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, stated that the entry into the Indian market underscores the company's commitment to selectively developing its business in Asia. Operations are expected to commence in 2025, with a focus on introducing specialty insurance products to the Indian market.
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