GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) today announced the formation of Berkley Transactional as a division of Berkley Professional Liability Underwriters (BerkleyPro), a W. R. Berkley Company®. Berkley Transactional will underwrite a full suite of transactional insurance products, including representations and warranties insurance, tax opinion insurance and contingent liability insurance on behalf of W. R. Berkley Insurance Group member insurance companies rated A+ (Superior) by A. M. Best.

Randolph Hein has been named president of the new division. The appointment is effective immediately. Mr. Hein has nearly 30 years of experience in the property casualty insurance industry and most recently served as senior vice president and transactional practice leader at a major property casualty insurance company. He holds a B.S. in business - finance from Miami University and an M.B.A. in finance from the Weatherhead School of Management at Case Western Reserve University.

W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented, “The establishment of this new division positions our Company to participate in this fast growing market , while providing BerkleyPro with additional products to serve its growing client base. Randy has a wealth of expertise that will allow us to provide creative insurance solutions that enable buyers and sellers in M&A deals to execute their transactions efficiently and effectively.”

For additional information about Berkley Transactional’s products and services, please contact Randy Hein atrhein@berkleypro.com.

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 worldwide in two segments of the property casualty business: Insurance and Reinsurance.