Welcome to our dedicated page for W.R. Berkley Corporation news (Ticker: WRB), a resource for investors and traders seeking the latest updates and insights on W.R. Berkley Corporation stock.
W.R. Berkley Corporation, founded in 1967, is a prominent player in the commercial lines property casualty insurance sector. As one of the nation’s premier insurance providers, W.R. Berkley operates through a decentralized structure, allowing each subsidiary to focus on niche markets requiring specialized knowledge. This approach empowers local management to swiftly adapt to market conditions and customer needs, fostering a culture of financial accountability and high professional standards.
W.R. Berkley’s diverse portfolio includes various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines tailored for small to midsize businesses. The company's long-term strategy focuses on leveraging its expertise and resources to navigate the current market environment while maintaining the agility to innovate and respond to future opportunities and challenges.
Through its numerous subsidiaries, W.R. Berkley has established a competitive advantage by providing specialized insurance solutions and personalized service. This has resulted in a robust financial condition and a strong market presence. Recent achievements and ongoing projects underscore the company's commitment to excellence and continuous improvement in its offerings.
Whether it's offering tailored insurance products or forming strategic partnerships, W.R. Berkley remains dedicated to delivering value to its customers and stakeholders. Stay informed with the latest updates, achievements, and market developments related to W.R. Berkley Corporation here on StockTitan.
W. R. Berkley Corporation (NYSE: WRB) will announce its Q1 2021 earnings on April 20, 2021, after market close. The earnings release will be available on the company's website at www.berkley.com. Following this, a conference call will take place the same day at 5:00 p.m. ET, where analysts and investors can discuss the earnings report. A live audio webcast will be accessible through the website, and a replay will be available two hours post-call.
AM Best has rated W. R. Berkley Corporation (WRB) with a Long-Term Issue Credit Rating of “a-” for its $400 million, 3.55% senior unsecured notes due March 2052. The stable outlook indicates financial stability. Proceeds will repay the $76.5 million of existing 8.700% senior unsecured notes and part of the $350 million of 4.625% notes due 2022. Post-issuance, WRB's debt-to-total capital is projected at 26.9%, maintaining compliance with AM Best's guidelines.
W. R. Berkley Corporation (NYSE: WRB) has priced a $400 million offering of 3.550% Senior Notes due 2052. This issuance is set to close on March 16, 2021, pending customary conditions. The proceeds will primarily be utilized to repay $76.5 million of 8.700% Senior Notes due 2022 and assist in settling $350 million of 4.625% Senior Notes due 2022. Major underwriters include BofA Securities, Credit Suisse, J.P. Morgan, and Morgan Stanley. A registration statement for the Notes has been filed with the SEC.
W. R. Berkley Corporation (NYSE: WRB) announced a virtual presentation by executive chairman William R. Berkley and CEO W. Robert Berkley, Jr. at the 2021 RBC Capital Markets Global Financial Institutions Conference.
The event is scheduled for March 9, 2021, at 10:00 a.m. ET, and will be available via webcast on the company’s website. A replay will be accessible for 90 days after the event.
Founded in 1967, the company is a leading insurance holding firm, operating in the property casualty insurance market.
W. R. Berkley Corporation (NYSE: WRB) has declared a quarterly cash dividend of 12 cents per share, set for payment on March 24, 2021, to stockholders of record as of March 10, 2021. Founded in 1967, W. R. Berkley is a leading commercial lines writer in the U.S. and operates globally in the property casualty insurance sector. The company is strategically positioned within two main segments: Insurance and Reinsurance & Monoline Excess. For more information, visit www.berkley.com.
W. R. Berkley Corporation (NYSE:WRB) will present at the 22nd Annual Credit Suisse Virtual Financial Services Forum on Thursday, February 25, at 9:40 a.m. ET. Executives William R. Berkley and W. Robert Berkley, Jr. will lead the presentation.
The event will be webcast live on the Company’s website at www.berkley.com. Attendees are encouraged to log on 10 minutes early to prepare. A replay of the presentation will be available within 24 hours and will remain online for approximately 90 days.
W. R. Berkley, founded in 1967, is a leading commercial lines writer in the U.S., operating in insurance and reinsurance sectors.
W. R. Berkley Corporation (NYSE: WRB) has appointed David Brosnan as the new CEO of W. R. Berkley Syndicate Management Limited, pending regulatory approvals. Brosnan brings 35 years of insurance experience, having recently led the international division of a major U.S. insurer in London. He takes over from Alastair Blades, who continues as chief underwriting officer. This leadership change aims to enhance focus and capitalize on market opportunities. W. R. Berkley Corporation, founded in 1967, is a major player in the property casualty insurance sector.
AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” to W. R. Berkley Corporation’s (WRB) $300 million, 4.125% subordinated debentures due February 2061. The outlook for this rating is stable. Proceeds will be used to redeem WRB’s existing 5.9% subordinated notes due April 2056 and for general corporate purposes. Post-issuance, WRB’s financial leverage will remain within AM Best’s guidelines, with a projected adjusted debt-to-total capital of 23.1% and unadjusted debt-to-total capital at 29.8%.
W. R. Berkley Corporation (NYSE: WRB) priced an offering of $300 million in 4.125% Subordinated Debentures due 2061. The offering is set to close on February 10, 2021. The Company plans to use the proceeds to redeem $110 million of its 5.900% Subordinated Debentures due 2056 and for general corporate purposes. The Debentures will be listed on the New York Stock Exchange under the symbol 'WRB PR H', pending approval. Major underwriters include Morgan Stanley and BofA Securities.
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