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Berkley news from Insurance Insider US

Research

September cat heatmap: Light at the end of the hurricane season tunnel

Cat losses in Q3 were light as peak hurricane season passes without incident.

Noah Marchese, October 22, 2025

Specialty lines

Reinsurer appetite for 1.1 property cat business ‘palpable’: Berkley CEO

The CEO also said that the “bloom is off the rose” in the E&S property market.

Clark Mindock, October 20, 2025

Earnings

Q3 earnings roundup October 20: WR Berkley, RLI

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

Insurance Insider US news team, October 20, 2025

Specialty lines

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Hamilton’s Secor to lead new WR Berkley E&S company

She joins the specialty insurer after working at Hamilton as CUO.

Sanvi Bangalore, August 08, 2025

High net worth

HNW carriers align on growth opportunity, but underwriting strategies differed in Q2

Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.

Kyoung-son Song, August 08, 2025

MGAs/MGUs

Q2 earnings: Unrestrained MGA growth concerns E&S execs

On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.

Sanvi Bangalore, August 01, 2025

Casualty/GL

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Q2 commentary: Casualty has the growth momentum as property slows

Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.

Kyoung-son Song, July 28, 2025

Earnings

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Sales interest for PE-supported MGAs growing: WRB CEO Berkley

Recent inbound offers can “oftentimes” be a leading indicator that the market is slowing, he said.

Kyoung-son Song, July 21, 2025

Earnings

Q2 earnings roundup July 21: WR Berkley, RLI

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

Insurance Insider US news team, July 21, 2025

High net worth

HNW insurers still eager to grow but taking a selective approach

The January wildfires did little to hamper their appetite, apart from California.

Kyoung-son Song, July 07, 2025

Research

Ategrity IPO: Not all E&S is created equal

The latest E&S player planning to IPO remains a “show me” story.

Noah Marchese, May 22, 2025

Earnings

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

Specialty lines

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

M&A

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

Specialty lines

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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

Industry-wide

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

Specialty lines

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

Specialty lines

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

This could change if Milton losses turn “ugly”.

Kyoung-son Song, October 21, 2024

Industry-wide

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

Competitor news

Commercial Lines

Chubb strengthened US casualty reserves by $104mn in Q3

Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.

Kyoung-son Song, October 22, 2025

Earnings

Chubb Q3 CoR down 5.9 points to 82% on light cats and higher reserve releases

Pre-tax cat losses were down 63% from the prior year quarter to $285mn.

Kyoung-son Song, October 21, 2025

Research

Q3 early read: Soft market monster gets closer

Early Q3 earnings reports point to worsening market conditions.

Amit Kumar, October 20, 2025

Property

Markel further ramps up wholesale emphasis with property/life science changes

Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting.

Adam McNestrie, October 17, 2025

Earnings

Insurance stocks take a hit after early earnings reports

The selloff may hint at headwinds for equity investors.

Olivia Royle, October 16, 2025

Earnings

Falling property premiums still a ‘large-account dynamic’: Travelers CEO

The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.

Jairo Ibarra, October 16, 2025

Commercial Lines

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Travelers Q3 CoR falls 6pts to 87.3% on lower cats as reserve releases fall

The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.

Jairo Ibarra, October 16, 2025

Earnings

Progressive's Florida personal auto profits likely to exceed state statutory limits

The insurer booked a $950mn policyholder credit expense in September.

Kyoung-son Song, October 15, 2025

Commercial Lines

‘Woke Chubb’ campaign cements insurance as new front in climate wars

Activists from the left and the right are focusing on insurance, often on the same issues.

Clark Mindock, October 15, 2025

Regulation

Fight over litigation funding disclosure rules heats up at judicial reform panel

The federal panel hasn’t finalized a timeline for formulating the new rules.

Clark Mindock, October 14, 2025

Commercial Lines

Chubb promotes Church to lead international general insurance operations

Brian Church has spent 20 years at Chubb.

Rebecca Perkins, October 14, 2025

Talent

Markel International names Hillier CUO amid restructure

The international division is seeking a new London market manager.

Fiona Robertson, October 13, 2025

Legal

Louisiana asks Trump admin to drop oil spill suit filed under Biden

The state’s AG said the case threatens continued offshore oil and gas operations.

Clark Mindock, October 09, 2025

Talent

Chubb NA insurance exec chair Lupica to retire by year end

Lupica moved to the role last year as part of a staggered handover of responsibilities to Juan Luis Ortega.

Farhin Lilywala, October 08, 2025

Legal

Judge's gavel and stand with US dollar bills on the wooden table.

Burford CEO takes aim at Chubb’s anti-litigation finance stance

The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.

Clark Mindock, October 07, 2025

Talent

Allstate promotes three within senior leadership team

The promotions are part of the carrier's strategy to increase property-liability market share.

Sanvi Bangalore, October 02, 2025

Talent

Chubb elevates Gaspero to lead major accounts, excess casualty

He will drive the growth of Chubb's claims-made excess casualty facility.

Kyoung-son Song, September 25, 2025

Cyber

Cyber risk a top concern for large and medium businesses: Travelers

The risk also ranked as a top three concern for companies of all sizes.

Olivia Royle, September 23, 2025

Talent

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Sanders, Tizzio, Turner to receive major awards at Insider US Honors 2025

Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.

Thorsten Schier, September 22, 2025

Research

August cat heatmap: Mother Nature’s last head-fake?

Cat losses in August were below historical trends, but we are not in the clear just yet.

Noah Marchese, September 22, 2025

Specialty lines

Markel ‘open and looking for M&A’ post-Markel Re sale: Wilson

There will also be a renewed focus on organic growth, both in P&C and across US and international operations.

Farhin Lilywala, September 16, 2025

Catastrophe losses

When does mitigation become part of the ‘Patrick Mahomes rate’?

IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.

Clark Mindock, September 12, 2025

Talent

Everest brings on Chubb’s Gerber as excess casualty CUO

He joins the company after 22 years in casualty leadership roles at Chubb.

Kyoung-son Song, September 09, 2025

Casualty/GL

Allianz appoints Markel’s Stewart as NA regional head of liability

The executive will oversee the direction and management of the firm’s liability portfolio across the US and Canada.

Kyoung-son Song, September 03, 2025

Research

July cat heatmap: Hope for the best, but prepare for the worst

Cat losses in July were below historical trends, but all eyes are on peak hurricane season.

Noah Marchese, August 25, 2025

Insider On Air: Our Webinars & Podcast Channel

Webinars

In Partnership with M&A Services

[Webinar] Sleeping assets awaken: Monetising dormant insurance shells

Join Insurance Insider, in partnership with M&A Services, for a free webinar at 8:30 EDT/15:30 BST on 9 December

October 10, 2025

In Partnership with Moody's

[Webinar] Unlocking precision: How granular data is transforming property underwriting

Join Insurance Insider, in partnership with Moody’s, for a free webinar, 10:30 ET/15:30 GMT, December 2

October 09, 2025

Podcasts

Behind the Headlines Podcast

Behind the Headlines

IGI’s Waleed Jabsheh eyes ongoing expansion in reinsurance

IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?

October 16, 2025

Behind the Headlines

Behind the Headlines: Radian’s Rick Thornberry and Richard Watson on Inigo’s ‘second album’

What’s driving the wave of shifting ownership structures in the Lloyd’s market?

October 02, 2025

Behind the Headlines

Behind the Headlines: Lloyd’s chair Sir Charles Roxburgh on creating a preeminent market for the future

How does Lloyd’s plan to secure its future as a leading global marketplace?

September 18, 2025

Behind the Headlines

Behind the Headlines: Aon's Alfonso Valera and Steve Hofmann pre-Monte Carlo briefing

What’s next for the reinsurance market as Monte Carlo approaches?

September 04, 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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