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W. R. BERKLEY CORPORATION NAMES JOHN D. VOLLARO PRESIDENT AND CEO OF NEW REINSURANCE VENTURE; ANTHONY J. DEL TUFO NAMED COMPANY SENIOR VP AND CFO

 GREENWICH, Conn., July 1 /PRNewswire/ -- W. R. Berkley Corporation (NASDAQ: BKLY), an insurance holding company, today announced that John D. Vollaro, 48, has been named president and chief executive officer of Signet Star Holdings, Inc. Signet Star Holdings, Inc. is the holding company recently formed by W. R. Berkley Corporation and General Re Corporation to own their respective broker-market reinsurance companies, Signet and North Star. That transaction, which had been previously announced, closed today. Anthony J. Del Tufo, 49, was named senior vice president and will succeed Mr. Vollaro as chief financial officer of W. R. Berkley Corporation.
 Mr. Vollaro joined W. R. Berkley Corporation in 1974. He was named a vice president in 1976, chief financial officer and treasurer in 1983 and senior vice president later that same year. In 1991, Mr. Vollaro was elected executive vice president of Berkley where he continued to be responsible for the outgoing reinsurance programs of all the company's insurance subsidiaries.
 Mr. Del Tufo, a C.P.A., joined KPMG Peat Marwick in 1966 and was elected a partner in 1975. Mr. Del Tufo's practice has been concentrated on the insurance industry for 27 years. He has specialized in the auditing of insurance companies and has served as an SEC review partner, reviewing the public documents of many of the firm's insurance clients. He is a graduate of the College of the Holy Cross.
 Signet Star Holdings, Inc., the holding company for North Star Reinsurance Company and Signet Reinsurance Company, commenced operations today. It is owned 60 percent by Berkley and 40 percent by General Re Corporation. During 1992, Signet and North Star had aggregate premium volume of approximately $184 million and policyholders' surplus of approximately $232 million.
 William R. Berkley, chairman of the board and chief executive officer of Berkley stated:
 "The appointment of John Vollaro as president of Signet Star underscores our commitment to make this new reinsurance venture one of the premier broker-market reinsurance companies in the country. With significant financial resources, a skilled management group and no liabilities from either North Star's or Signet's pre-1993 loss reserves and business, the Signet Star group is well positioned to be a significant source of quality reinsurance capacity for the insurance industry."
 W. R. Berkley Corporation is a holding company which operates, through its subsidiaries, in three segments of the insurance business: regional property casualty insurance; specialty lines of insurance (including excess and surplus lines, commercial transportation and reinsurance); and insurance services operations (including management of alternative insurance market mechanisms).
 -0- 7/1/93
 /CONTACT: Robert V. Mendelsohn, president of W. R. Berkley Corporation, 203-629-2880/
 (BKLY) CO: W.R. Berkley Corporation ST: Connecticut IN: INS SU: PER


WB-MG -- NY058 -- 7759 07/01/93 12:59 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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