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Berkley news from Insurance Insider US

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

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

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

Competitor news

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Markel’s Finsness taking sabbatical after stepping down as global EUO

Finsness joined the carrier in 2014 and was head of casualty claims in Bermuda from 2017 to 2023.

Kyoung-son Song, July 10, 2025

Arch Insurance NA names five division presidents

The appointments will be effective as of August 1.

Kyoung-son Song, July 10, 2025

HNW High Net Worth Aerospace Aviation Private Jet

HNW umbrella rates increasing double digits driven by loss cost inflation

When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.

Kyoung-son Song, July 08, 2025

Arch North America brings on Kaufmann to head new US marine business

The unit will include both ocean and inland marine coverage.

Olivia Royle, July 02, 2025

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Chubb to move hundreds of admitted CA HNW policies to E&S paper

The transition will be implemented starting October 15.

Kyoung-son Song, July 01, 2025

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Senate Republicans strip LitFin tax ‘loophole’ provision from US budget bill

The broader legislation narrowly passed the Senate and now heads to the House.

Clark Mindock, July 01, 2025

Allstate posts $777mn in cat losses for May, Progressive reports $275mn

Allstate attributed the bulk of its losses to three major wind and hail events.

Adam Kovac, June 18, 2025

Everest’s Williamson backs Chubb's stance on LitFin and calls for reform

Jim Williamson said litigation funding had evolved into an investment class.

Rebecca Perkins, June 18, 2025

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Measure to close LitFin tax ‘loophole’ added to US budget bill

Major insurance industry groups and companies have recently pressed lawmakers to include the provision.

Clark Mindock, June 16, 2025

Markel completes regional restructure of US wholesale and specialty

Markel is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions.

Farhin Lilywala, June 16, 2025

US Congress - Capitol building at Capitol Hill in Washington DC- sunny spring day and clear blue sky

Insurance industry, allies urge US Congress to close LitFin tax ‘loophole’

Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.

Clark Mindock, June 13, 2025

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Inside the complicated world of insurance-backed litigation finance

Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.

Clark Mindock, June 11, 2025

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Litigation insurance panel quiet when asked about Chubb threat

The panel aimed to highlight “synergies” between insurance and litigation finance.

Clark Mindock, June 04, 2025

Arch promotes Short to head of digital

Ed Short was previously VP, digital partners, at Arch.

Rebecca Perkins, June 04, 2025

Markel finalizes acquisition of marine specialist Meco Group

The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.

Adam Kovac, June 02, 2025

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Chubb hires Aspen’s Bland as head of excess liability in Bermuda

The executive replaces Mike Warwicker, who left the firm earlier this year.

Kyoung-son Song, May 29, 2025

Travelers sells most of Canadian P&C business to Definity for $2.4bn

The deal leaves premier surety as Travelers' sole Canadian portfolio.

Adam Kovac, May 27, 2025

Burford Capital says Chubb’s litigation finance stance could be anti-competitive

Burford’s CEO said Chubb is inappropriately using its corporate power.

Clark Mindock, May 27, 2025

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SiriusPoint appoints Enan chief strategy and corporate development officer

Philip Enan joins following 11 years at Chubb.

Abbie Day, May 27, 2025

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Chubb, Carlyle Aviation ask to pursue settlement talks over stranded jets

The two parties seek to delay a judge’s summary judgment order.

Clark Mindock, May 21, 2025

Chubb appoints Boroughs as vice chairman, Hogan as CIO

The executive had served as chief investment officer since 2000.

Olivia Royle, May 19, 2025

Chubb board authorizes new $5bn share repurchase program

The program will succeed the previous buyback launched in 2023.

Olivia Royle, May 15, 2025

Arch kicks off MGA McNeil spin-off process

Sources said MarshBerry was retained earlier this year to run the sale.

Adam McNestrie, May 15, 2025

Markel announces promotions in US wholesale and specialty division

The moves come as the company said it will "double down" on US E&S.

Adam Kovac, May 15, 2025

Allstate posts $594mn of catastrophe losses for April

Two wind and hail events were responsible for 60% of the total.

Adam Kovac, May 15, 2025

Insider On Air: Our Webinars & Podcast Channel

Webinars

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From siloed data to strategic insights: the new CFO playbook

Join us for a free webinar, in partnership with Workday, 10:30 EDT/15:30 BST, Aug. 6

May 20, 2025

Podcasts

Behind the Headlines Podcast

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Behind the Headlines: Richard Coulson on expanding and diversifying Fidelis's Pine Walk platform

How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?

July 10, 2025

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Behind the Headlines: Coalition's Tom Draper on the ransomware threat in cyber

Is the ransomware threat really getting worse – or just more visible?

June 26, 2025

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Behind the Headlines: Pro Global’s Danny Maleary on the MGA explosion coming to Europe

Is the huge growth experienced by the MGA sector run out of steam?

June 12, 2025

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Behind the Headlines: Neil Eckert on ‘evolution not revolution’ at Conduit Re

What’s next for Conduit Re’s strategy following a leadership shake-up?

May 30, 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

Insurance Insider provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.

Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.