WR Berkley

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.

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The executive said the company is willing to “allow exposure growth be the priority over rate, though not across the board”.

WRB's loss ratio decreased 1.8 points to 59.5% and the expense ratio improved 1.2 points to 28.1%.

The CEO said he so far had seen no slowdown of business moving into the non-admitted channel.

The carrier’s 88.2% combined ratio was its lowest since at least 2007; it also boosted GWP by 25%.

The carrier seeks to recover 14,217 shares valued at $473,620.40 from Stanley, in addition to the dividends the executive earned on the stock.