WR Berkley
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Earlier today, the carrier reported that its Q1 combined ratio came in at 88.8%, down from last Q1’s 90.6%. -
Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.
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Carriers expressed confidence on the line’s ability to withstand medical inflation.
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Commercial carrier earnings continue to show mixed prior-year development.
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On Wednesday, the insurer reported 12% growth in net written premiums.
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The specialty carrier’s top-line growth accelerated throughout 2023.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The syndicate is suing its reinsurers to cover Covid-19-related claims in California, Colorado, Florida, Illinois, Nevada, New York and the UK.
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Schuermann joined Berkley Entertainment as chief operating officer in 2021 from NN Inc. Broshcart served in the president role upon the unit’s formation in 2004.
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The exec has nearly 30 years of property and casualty insurance experience and succeeds interim CWG president Melodee Saunders.
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S. Akbar Khan is a 20-year insurance industry veteran, most recently serving as a senior officer at a leading national US insurer.
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Christopher Balch is succeeding Matthew Mueller, who has been named chairman of the business. Both appointments are effective immediately.
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