Tuesday, 1 March 2016

Philip Deramo - Former Vice President of WR Berkley Re America

Philip Deramo is a professional insurance underwriter who joined a small underwriting outfit in 2002 called WR Berkley Capital Underwriters. At the time, it was a company of only four experienced underwriters, including Deramo. He started as the Assistant Vice President of the company when he came aboard with his many years of experience working as an insurance underwriter and claims manager. One of his first large accomplishments for the company was producing and underwriting the Quota Share Treaty Reinsurance program that provided ceding companies with capital surplus relief. This helped the company grow and shot Deramo ever higher in the ranks.


Philip Deramo


Philip Deramo stuck with the company when it changed its name to WR Berkley Re America. He remained Assistant Vice President but his responsibilities grew. He managed a $15 million treaty book and became responsible for the review and approval of contract language. Philip Deramo has a deep background in law. He worked as the Assistant State Prosecutor for Connecticut in his early career. As WR Berkley Re America continued to grow, Deramo moved up to Vice President of the company in 2005. He established the professional liability department for the company when he took over as Vice President, and eventually achieved a combined gross loss ratio below 30% over ten years.

Philip Deramo is proud to have worked for WR Berkley Re America. He helped the company grow from a small startup into a national player that works with insurance companies and sections of insurance companies to underwrite clients and assist in their operations.