WR Berkley

Inside P&C’s morning summary of the key stories to get you up to speed fast.

CEO Rob Berkley said the company would likely participate in the space for one to three years if rates remain favorable.

The weakened combined ratio was driven by an increase in the company's loss ratio.

The CEO noted that the company can participate in the property cat reinsurance market three out of every 10 to 12 years, given its approach to that class.

A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.

Berkley also increased its position in Global Indemnity and now owns around 8.5% of the firm.

The insurer’s results are in line with other carriers, but they are ahead of the curve on adjusting loss costs.

Commercial insurers surprised with continued positive results despite economic conditions.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

WR Berkley founder and chairman Bill Berkley said that his company can add at least “several hundred million dollars” to its investment income, as the Federal Reserve hikes interest rates to tame inflation.

The specialty insurer reported growth across almost all lines of business as it shifted focus from rate to expansion.

The sector was hit by a rough first half of 2022, with more to come in the second half of the year.