WR Berkley
-
Executive chairman Bill Berkley expects the company’s returns to reach or exceed its targeted 15% rate, driven by its investment income results. -
Sources said Ardila succeeds Sylvia Rincon, who will continue serving at the firm on its board of directors in Colombia.
-
Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
-
Curtis Fletcher has been named president and CEO of the new business, effective immediately.
-
The two specialty insurers reported strong Q3 2022 earnings, continuing to outperform the commercial industry in underwriting gains and value creation.
-
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.
Related
-
MSI to purchase 15% of WR Berkley shares
March 28, 2025 -
Property momentum slowing as casualty heats up: WR Berkley CEO
January 27, 2025 -
Q4 earnings roundup January 27: WR Berkley, Brown & Brown
January 27, 2025 -
Broker consolidation significant, but not concerning for WR Berkley
December 11, 2024