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Berkley news from Insurance Insider US

Professional liability has become ‘particularly competitive’: WR Berkley CEO

The insurer's professional liability reinsurance book shrank by around 25%.

Kyoung-son Song, April 21, 2025

WR Berkley shares hit all-time high after MSI share purchase announcement

The company’s stock jumped 14% within 30 minutes of the market’s open.

Kyoung-son Song, March 28, 2025

Business people contract. agreement was signed co-investment business

MSI to purchase 15% of WR Berkley shares

The shares will be purchased via the open market or private third-party transactions.

Jai Singh, March 28, 2025

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Property momentum slowing as casualty heats up: WR Berkley CEO

Submission flows in WR Berkley’s E&S business overall are growing “considerably faster” than its admitted business.

Caroline Ryan, January 27, 2025

Q4 earnings roundup January 27: WR Berkley, Brown & Brown

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, January 27, 2025

Broker consolidation significant, but not concerning for WR Berkley

The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.

Caroline Ryan, December 11, 2024

Reinsurers will struggle to achieve ‘flat’ renewals: WR Berkley CEO

This could change if Milton losses turn “ugly”.

Kyoung-son Song, October 21, 2024

Q3 earnings roundup October 21: Berkley, RLI, Selective

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, October 21, 2024

WR Berkley will see immaterial loss from CrowdStrike event: CEO

For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.

Kyoung-son Song, July 22, 2024

Q2 earnings roundup July 22: WR Berkley, Brown & Brown, RLI

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, July 22, 2024

Axis investor day: Are new goals aspirational or overly optimistic?

Industry trends show the Axis book value growth goal may be hard to hit.

Amit Kumar, June 04, 2024

Rob Berkley's highlighted reserving metrics vs the industry

Focus on reserves to continue as gap between cautious reservists and others emerges.

Amit Kumar, April 24, 2024

Q1 earnings roundup April 23: Chubb, Berkley

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, April 23, 2024

WR Berkley stock price falls more than 5% despite favorable results

Earlier today, the carrier reported that its Q1 combined ratio came in at 88.8%, down from last Q1’s 90.6%.

Hal Stucker, April 23, 2024

Liability reinsurance showing ‘green shoots of discipline’: CEO Berkley

Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.

Kyoung-son Song, April 23, 2024

Workers' comp rate declines narrowing amid medical inflation, regulatory concerns

Carriers expressed confidence on the line’s ability to withstand medical inflation.

Shelby Rosenberg, February 28, 2024

The casualty loss reserve elephant in the room

Commercial carrier earnings continue to show mixed prior-year development.

Amit Kumar, Maria Lamberton, Husain Rupawala, February 06, 2024

WR Berkley shares gain 7% following strong Q4 results and E&S commentary

On Wednesday, the insurer reported 12% growth in net written premiums.

Kyoung-son Song, January 25, 2024

WRB top-line growth could outpace 12% in 2024: CEO

The specialty carrier’s top-line growth accelerated throughout 2023.

Kyoung-son Song, January 24, 2024

Q4 earnings roundup January 24: WR Berkley, RLI

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, January 24, 2024

WR Berkley sues reinsurers for $90mn to recoup Covid losses

The syndicate is suing its reinsurers to cover Covid-19-related claims in California, Colorado, Florida, Illinois, Nevada, New York and the UK.

Aisling Finn, January 12, 2024

Berkley Entertainment names Schuermann president, Broschart as chair

Schuermann joined Berkley Entertainment as chief operating officer in 2021 from NN Inc. Broshcart served in the president role upon the unit’s formation in 2004.

Kyoung-son Song, December 14, 2023

Berkley names Asahl president of Continental Western Group

The exec has nearly 30 years of property and casualty insurance experience and succeeds interim CWG president Melodee Saunders.

Hal Stucker, December 13, 2023

WR Berkley names Khan president of Preferred Employers Insurance

S. Akbar Khan is a 20-year insurance industry veteran, most recently serving as a senior officer at a leading national US insurer.

Shelby Rosenberg, December 11, 2023

WR Berkley names Balch president of Berkley Technology Underwriters

Christopher Balch is succeeding Matthew Mueller, who has been named chairman of the business. Both appointments are effective immediately.

Shelby Rosenberg, November 13, 2023

Competitor news

Chubb threatens to cut off suppliers if they profit from litfin industry

The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.

Adam McNestrie, May 07, 2025

Q1 commentary: Insurers believe tariff impact can be weathered

During first quarter earnings calls, insurers argued that they can mitigate volatility.

Clark Mindock, May 07, 2025

Claims-made in casualty: A good consolation prize if you can’t get tort reform

The facility is a nudge towards a structural change, not a full-out assault.

Adam McNestrie, May 05, 2025

Chubb-Zurich-Berkshire facility includes $10mn client co-participation

Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.

Adam McNestrie, May 05, 2025

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Florida judge hands Carlyle Aviation partial win in Russian jets case

AIG, HDI Global and others have settled. Chubb’s fight continues.

Clark Mindock, May 02, 2025

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‘The attitude has changed’: Georgia reforms lauded as big step for market stability

Insurers haven’t announced concrete steps – yet.

Clark Mindock, May 02, 2025

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Chubb, Zurich, National Indemnity team up to launch excess casualty facility

The facility provides up to $100mn in claims-made excess casualty coverage.

Kyoung-son Song, May 01, 2025

Travelers trucking unit Northland elevates Muth to CUO

The executive has been with the firm’s underwriting team for over 12 years.

Kyoung-son Song, May 01, 2025

Markel will ‘double down’ on commitment to E&S market: Wilson

Customers are demanding more in a larger move towards the E&S market.

Caroline Ryan, May 01, 2025

Automotive rates remain ‘rational,’ despite increasing competition: Allstate execs

But automotive repair costs are likely to increase faster than home repair.

Adam Kovac, May 01, 2025

Q1 earnings roundup April 30: Everest, Markel, Axis and more

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, April 30, 2025

Realistic growth expectation for reinsurance is 6%-7%: Arch CFO

The days of 30%+ growth are probably behind the firm, he said.

Kyoung-son Song, April 30, 2025

Arch Q1 CoR increases 11.3 points to 90.1% as wildfire losses offset reserve releases

Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.

Kyoung-son Song, April 29, 2025

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Hiscox hires Chubb’s Sinkus as its US CUO

The executive will begin serving as Hiscox USA’s CUO as of May 5.

Caroline Ryan, April 29, 2025

Around 50% of Chubb’s tech investment focused on development: Greenberg

Of the $170mn cat losses outside LA wildfires, US cat activity accounted for 74% and international cats 26%.

Jairo Ibarra, April 23, 2025

Chubb’s Q1 CoR rises 9.7 points to 95.7% as cat losses quadruple

Reserve releases at Chubb rose to $255mn from $207mn a year ago.

Jairo Ibarra, April 22, 2025

Markel Insurance restructures US and Bermuda operations

The business will divide into US wholesale and specialty, and programmes and solutions.

Rachel Dalton, April 22, 2025

Markel insurance EVP Russo to retire

The insurer has not yet announced a successor for the 32-year company veteran.

Adam Kovac, April 17, 2025

Allstate posts March cat loss of $1.04bn net of reinsurance recoveries

The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.

Kyoung-son Song, April 17, 2025

Tariffs’ direct impact will be ‘pretty manageable’: Travelers CEO

A one-time impact would be a mid-single digit increase to physical injury auto severity.

Kyoung-son Song, April 16, 2025

Markel reaches agreement to acquire marine MGA Meco

Meco's 2024 gross written premiums totaled $63mn.

Adam Kovac, April 16, 2025

Travelers swings to underwriting losses in Q1 due to CA wildfire losses

The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.

Kyoung-son Song, April 16, 2025

Chubb’s major accounts CUO Powers retires after 45-year industry tenure

The executive has spent over 20 years at Chubb.

Kyoung-son Song, April 11, 2025

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American Airlines in settlement talks with US government over DC crash

A positive outcome could significantly curb insurers’ exposure to the loss.

Rebecca Perkins, April 10, 2025

Chubb SVP, product recall practice leader Cala resigns

Joe Cala will leave the carrier after nearly 13 years on the product recall team.

Abbie Day, April 01, 2025

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Behind the Headlines: Liberty’s Jane Warren on protecting underwriting margin and female leadership

What does it take to stay profitable as the insurance cycle shifts — and why is leadership diversity still lagging in the London market?

May 01, 2025

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Behind the Headlines: David Croom-Johnson on writing Mereo’s first $100mn of premium

Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?

April 17, 2025

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Behind the Headlines: Gallagher's Dame Sue Langley on competitive regulation and the power of the City

What does the bustling insurance industry of today have in common with the coffee shops of the seventeenth century?

April 03, 2025

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Behind the Headlines: Acrisure Re’s Simon Hedley on casualty and investment in AI

What are the potential consequences for businesses amid escalating loss costs in the US casualty market?

March 20, 2025

From our other titles

Enstar to be taken private by shareholder Sixth Street in $5.1bn deal

The deal values the business just under its closing price on Friday, at 0.97x book value.

Adam McNestrie, July 29, 2024

Aspen promotes Dunleavy to president and Pickering to group CFO

The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.

Samuel Casey, July 29, 2024

Chubb adds $1.7bn US cat top layer to treaty

The insurer also pushed up its retention by $650mn.

Fiona Robertson, July 29, 2024

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