WR Berkley

Early reporters eased the tension with strong Q1 operating trends and some optimistic commentary on BI exposures. That said, the level of uncertainty remains high and unchanged by new disclosures.

Social inflation related to the pandemic will put added strain on insurers, the executive said during an earnings call.

Scott Holbrook succeeds former Key Risk president Robert Standen, who takes the helm of other operating units.

AIG gains 19 percent, outstripping a 12 percent increase on the S&P 500 insurance industry index.

The broader S&P 500 insurance index ended the day down 11.3%.

The executive joins Verus after about 20 years with Bermudian carrier Argo.

WR Berkley reported Q4 op. EPS of $0.71 versus $0.63 YoY and a dead meet to consensus.

WR Berkley has witnessed a surge in E&S submissions even as rates creep upward.

Berkley's earnings relied heavily on below trend expenses and lower cats, while both the AY loss ratio and PYD deteriorated meaningfully.

Jonathan Talisman is the founder of Capitol Tax Partners, a Washington DC lobbying group, focused on taxation policy.

The specialty insurer reported earnings of $0.85 per share, surpassing a consensus analyst estimate of $0.67 per share.

David LeBlanc takes over for Douglas Nelson who has vacated the role to become chairman.