Vela Value - Why Partner with Us?
For more than 25 years, we have cultivated strong relationships with our broker partners and shown our commitment to an evolving Excess & Surplus Lines industry by listening and responding to the needs of our customers.
WHY VELA
Vela Value
Vela provides our exclusive network of wholesale brokers with a single source of comprehensive resources to meet their clients’ needs. We are an Excess & Surplus lines problem solver, consistently thinking outside of the box, providing innovative Casualty and Professional solutions. Responsiveness and speed to market are cornerstones of the wholesale brokers experience partnering with Vela. Our experienced and knowledgeable staff offer unique solutions for complex risks which earns Vela a strong reputation in the marketplace.
The Advantages of Partnering with Vela
Vela Happenings
Vela Happenings
In honor of Women’s History Month, we took the time to speak with Senior Vice President and Chief Actuary Kay Frerk. Kay has been with Vela since 2004 and has become an invaluable member of our company in function and culture.
Kay has an aura about her of rich knowledge and understated authority. “When she walks into a room, you know she’s there and that you should listen to her,” a team member said. But Kay isn’t loud- she simply carries herself with a smile and warmth that speaks to her confidence and intelligence. She is more than willing to share what she’s learned with those around her and to expand the breadth of actuary knowledge within all departments, not just her own.
So many employees call Kay an inspiration, and we're honored to have her as part of our organization and representing the women at Vela for Women's History Month.
How did you find success in your career?
Kay: Being an actuary, there are several exams that are required to obtain our certification. Investing in my education gave me credibility and recognition in my area of practice and that was the foundation. As importantly, I have a passion for what I do and always want to excel at whatever comes my way. I’m always willing to put in the extra effort to do the job right. When I saw an opportunity, I reached for it even though I wasn’t sure I was quite ready!
Which female figures have inspired you and why?
Kay: One of my early managers had a lasting impact on me. She was incredibly talented, well respected, and not afraid of taking on a challenge or the next step. Watching how she led a room of diverse opinions helped me learn to navigate the early years of my career. She influenced me to find my voice in challenging situations and to step outside of my comfort zone. I also developed strong female peer relationships early on in my career and to this day I can always lean on them for advice, guidance, and strength. It’s also important to recognize several male mentors who have played a large role through my career providing support and confidence as well as being my champion. It’s important to have inspiration and inclusivity from everyone in the room.
What advice would you give to the next generation of women in insurance and Vela?
Kay: Develop your expertise and find your passion. Don't be afraid to ask questions and never stop learning- there is always something new to challenge you ahead. Step outside of your box, even if you don't think you're ready - believe in yourself!
FAQs
VelaConnect
VelaConnect gives you the power to view detailed policy information, send loss runs to yourself and others, view forms and endorsements, and download billing statements. Access at any time from your smartphone, tablet, or computer.
Vela smallBiz - Need a Quick Small Business Professional Liability Quote?
Vela smallBiz is an exclusive small account facility, available 24/7. Quote, bind and issue a policy in minutes for a broad range of over 300 Miscellaneous Professional Liability classes. Contact your Underwriter or Risk Specialist for more information or email Karen Penney. Access smallBiz through VelaConnect to get started today!
The Power of Berkley
Vela is one of the 55+ (re)insurance businesses worldwide that comprise the Berkley brand. Berkley is one of America’s largest commercial lines property casualty insurance providers, operating worldwide within two segments of the P&C insurance business: Insurance and Reinsurance & Monoline Excess. Each business offers expertise within an industry, product, or region.
Vela is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500. W. R. Berkley Corporation’s insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor’s.
Berkley’s competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business—the ability to identify and respond quickly and effectively to changing market conditions and local customer needs. It provides our Berkley businesses with the strength and resources of a Fortune 500 organization as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.