Baio Named Treasurer of W.R. Berkley Corp.

W. R. Berkley Corp. has appointed Richard M. Baio to the newly created office of vice president – treasurer.

He will manage the investment accounting and tax departments, global currency, banking relationships and all related treasury functions.

Baio, 40, has over 19 years of experience in the insurance and financial services industry, having served most recently as a director in Merrill Lynch & Co.’s financial institutions investment banking group, where he specialized in insurance company advisory, financing, merger and acquisition transactions. Baio previously spent a significant part of his career in public accounting advising the insurance industry as a partner in Ernst & Young’s insurance practice.

Baio assumes the position of treasurer from Eugene G. Ballard, who remains senior vice president – chief financial officer.

Source: W.R. Berkley Corp.