WR Berkley

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.

Sentiment scores are down across the industry, indicating pessimism regarding inflation and the economy.

Most recently, Rivera was the head of general liability underwriting at The Hanover Group.

Marcus joined Berkley in 2008 as a regional director at Key Risk and most recently served as Key Risk's senior vice president of sales, distribution and business analytics.

Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.

The specialty players are better placed than the commercial lines cohort with pricing and growth outperforming the broader market.

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

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