Monday 25 April 2016

Philip Deramo - Longtime Senior-Level Professional of WR Berkley

Philip Deramo was integral to the success of insurance company WR Berkley for many years, serving the firm on a foundation of extensive industry experience, as well as his considerable skills as a lawyer, claims manager, and underwriter. His journey to WR Berkley began in 2002, when he joined a small underwriting consulting company for insurance firms called Berkley Capital Underwriters. When Deramo joined, the company consisted of only four experienced insurance workers, including Deramo himself. He joined as the Assistant Vice President of the company. One of his first accomplishments as a company leader was underwriting the Quota Share Treaty Reinsurance program that gave ceding companies capital surplus relief.

Philip Deramo

During his time with Berkley, Philip Deramo flashed his skill and creativity for providing new and improved insurance policies to all clients, corporate or individual. By the time that Berkley Capital Underwriters became WR Berkley, Deramo had begun managing a $15 million treaty book and was responsible for the review and approval of contract language. Philip Deramo drew on his legal skill and experience to perform his many duties for WR Berkley. As the Assistant State Prosecutor for Connecticut, he learned a great deal about establishing proof and legal language in contracts and agreements. His knowledge of how the legal system worked in the Connecticut and the United States made him an invaluable asset to WR Berkley until he left the firm in 2015.

Philip Deramo is proud of the service he provided to WR Berkley, as well as the service he provided to all of the company’s clients over the years. Deramo helped the company grow from a small startup to a large player on the national scale that assists in the underwriting of insurance policies.