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W. R. Berkley Corporation Reports First Quarter Results
W. R. Berkley Corporation today reported net income for the first quarter of 2017 of $123 million, or $0.96 per share. Pre-tax return on equity was 14.5%. Book value per share grew 2.6% in the quarter. Investment income increased 14%. Net realized investment gains were $52 million pre-tax and $34 million after-tax. The combined ratio was 95.7%, inclusive of 1.9 loss...
Michael S. Nannizzi Joins W. R. Berkley Corporation
W. R. Berkley Corporation today announced that Michael S. Nannizzi has joined its corporate investment team. In this newly created role, Mr. Celebrating 50 years, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty...
W. R. Berkley Corporation Celebrates 50 Years
The Company was started with an initial investment of $2,500 and a fundamental understanding that providing customers with a service based on specialized knowledge and expertise, combined with appropriate risk-taking, would deliver outstanding long-term value to shareholders. The Company has grown to a market capitalization of nearly $9 billion and...
W. R. Berkley Corporation Estimates Impact of U.K. Ogden Rate Change
W. R. Berkley Corporation today announced that the impact on the Company’ s first quarter operating results of the Ogden rate change is estimated to be $30 million, before tax, or $22 million after tax. The Ogden rate is the discount rate used to calculate lump-sum bodily injury payouts in the U.K. and was recently reduced by the U.K. Ministry of Justice from +2.5% to...
W. R. Berkley Corporation to Announce First Quarter 2017 Earnings on April 24, 2017
W. R. Berkley Corporation will release its first quarter 2017 earnings after the market closes on Monday, April 24, 2017. A copy of the earnings release will be available on the Company’ s website at www.wrberkley.com. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States...
W. R. Berkley Corporation Names Christopher R. Rourke President of Berkley North Pacific
W. R. Berkley Corporation today announced the appointment of Christopher R. Rourke as president of Berkley North Pacific, a Berkley Company. The appointment is effective immediately. He succeeds Jeffrey R. Dehn, a 40- year veteran who will retire following a management transition.
W. R. Berkley Corporation Nominates Maria Luisa Ferré to Stand for Election as New Director
She also serves as president of the Board of Directors of the Ponce Museum of Art and on the Board of Directors of the Caribbean and Latin America Fund of the Museum of Modern Art in New York. Ferré graduated magna cum laude from Amherst College in Amherst, MA, where she obtained a BA in history and Hispanic studies. She also holds a Master’ s degree in communications...
W. R. Berkley Corporation Declares Regular Quarterly Dividend
W. R. Berkley Corporation announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 13 cents per share to be paid on April 5, 2017 to stockholders of record at the close of business on March 15, 2017.. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial...
W. R. Berkley Corporation to Present at the Bank of America Merrill Lynch 2017 Insurance Conference
W. R. Berkley Corporation announced today that William R. Berkley, its executive chairman, and W. Robert Berkley, Jr., its president and chief executive officer, will present at the Bank of America Merrill Lynch 2017 Insurance Conference being held in New York City. The presentation is scheduled to take place on Wednesday, February 15, 2017 at 9:10 a.m. eastern time.
W. R. Berkley Corporation Reports Fourth Quarter Results
W. R. Berkley Corporation today reported net income for the fourth quarter of 2016 of $153 million, or $1.20 per share. The combined ratio was 94.9%, inclusive of 2.3 loss ratio points from catastrophes. We established two new businesses- Berkley Cyber Risk Solutions and Berkley Transactional. Investment income increased 24.8%. The sale of a portion of our...
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