WR Berkley
-
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.
-
Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
-
Cat losses in Q3 were light as peak hurricane season passes without incident.
-
The CEO also said that the “bloom is off the rose” in the E&S property market.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
She joins the specialty insurer after working at Hamilton as CUO.
-
Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
-
On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.
-
Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
-
Recent inbound offers can “oftentimes” be a leading indicator that the market is slowing, he said.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The January wildfires did little to hamper their appetite, apart from California.
-
The latest E&S player planning to IPO remains a “show me” story.
-
The insurer's professional liability reinsurance book shrank by around 25%.
-
The company’s stock jumped 14% within 30 minutes of the market’s open.
-
The shares will be purchased via the open market or private third-party transactions.
-
Submission flows in WR Berkley’s E&S business overall are growing “considerably faster” than its admitted business.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.
-
This could change if Milton losses turn “ugly”.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Industry trends show the Axis book value growth goal may be hard to hit.
-
Focus on reserves to continue as gap between cautious reservists and others emerges.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Earlier today, the carrier reported that its Q1 combined ratio came in at 88.8%, down from last Q1’s 90.6%.
-
Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.
-
Carriers expressed confidence on the line’s ability to withstand medical inflation.
-
Commercial carrier earnings continue to show mixed prior-year development.
-
On Wednesday, the insurer reported 12% growth in net written premiums.
-
The specialty carrier’s top-line growth accelerated throughout 2023.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The syndicate is suing its reinsurers to cover Covid-19-related claims in California, Colorado, Florida, Illinois, Nevada, New York and the UK.
-
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.
-
The exec has nearly 30 years of property and casualty insurance experience and succeeds interim CWG president Melodee Saunders.
-
S. Akbar Khan is a 20-year insurance industry veteran, most recently serving as a senior officer at a leading national US insurer.
-
Christopher Balch is succeeding Matthew Mueller, who has been named chairman of the business. Both appointments are effective immediately.
-
The company also continues to be “very mindful” of medical cost trends, which CEO Berkley noted were shifting very quickly after a benign period.
-
The Inside P&C news team runs you through the earnings results for the day.
-
Forte joined the specialty insurer in early 2018 as public entity SVP, CUO and COO after a spell at AIG based in New Jersey.
-
Flows to the E&S market remain strong, executives have said, while dislocation in the property space continues to buoy overall pricing conditions.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Apart from public D&O and workers' comp, the specialty lines insurer is seeing “very strong submission growth”.
-
The Inside P&C news team runs you through the earnings results for the day.
-
The deal will result in a pre-tax net realized gain of $86mn in the second quarter.
-
The new business unit will offer excess liability coverage to specialized markets, starting with environmental and energy industries.
