WR Berkley
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March. -
Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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The CEO also said that the “bloom is off the rose” in the E&S property market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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She joins the specialty insurer after working at Hamilton as CUO.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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Recent inbound offers can “oftentimes” be a leading indicator that the market is slowing, he said.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The January wildfires did little to hamper their appetite, apart from California.
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The latest E&S player planning to IPO remains a “show me” story.
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The insurer's professional liability reinsurance book shrank by around 25%.
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The company’s stock jumped 14% within 30 minutes of the market’s open.
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The shares will be purchased via the open market or private third-party transactions.
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Submission flows in WR Berkley’s E&S business overall are growing “considerably faster” than its admitted business.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.
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This could change if Milton losses turn “ugly”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Industry trends show the Axis book value growth goal may be hard to hit.
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Focus on reserves to continue as gap between cautious reservists and others emerges.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Earlier today, the carrier reported that its Q1 combined ratio came in at 88.8%, down from last Q1’s 90.6%.
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Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.
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Carriers expressed confidence on the line’s ability to withstand medical inflation.
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Commercial carrier earnings continue to show mixed prior-year development.
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On Wednesday, the insurer reported 12% growth in net written premiums.
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The specialty carrier’s top-line growth accelerated throughout 2023.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The syndicate is suing its reinsurers to cover Covid-19-related claims in California, Colorado, Florida, Illinois, Nevada, New York and the UK.
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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.
