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W.R. Berkley Corporation - WRB STOCK NEWS

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.

News

W. R. Berkley Corporation Names Mark Schuermann President of Berkley Entertainment

Rhea-AI Summary
W. R. Berkley Corporation (NYSE: WRB) appoints Mark Schuermann as president of Berkley Entertainment, succeeding Cindy Broschart, who becomes chair of the business. The company is a leading provider of insurance coverage solutions for the entertainment industry and sport-related organizations. Founded in 1967, W. R. Berkley Corporation is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.
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W. R. Berkley Corporation Names J. Daniel Asahl President of Continental Western Group

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W. R. Berkley Corporation (NYSE: WRB) appoints J. Daniel Asahl as president of Continental Western Group, succeeding Melodee Saunders. Asahl, with 30 years of insurance industry experience, will lead CWG's commercial insurance products in 13 Midwest states. Founded in 1967, W. R. Berkley Corporation is among the largest commercial lines writers in the US.
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W. R. Berkley Corporation Names S. Akbar Khan President of Preferred Employers Insurance

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W. R. Berkley Corporation (NYSE: WRB) appoints S. Akbar Khan as president of Preferred Employers Insurance, a Berkley company. Mr. Khan brings over 20 years of industry experience and extensive leadership in underwriting, distribution, strategy, and operations. The company is known for providing the gold standard of care for injured workers in California.
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W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends

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W. R. Berkley Corporation (NYSE: WRB) has declared a special cash dividend of 50 cents per share, bringing the total special cash dividends paid in 2023 to $1.50 per share. Additionally, a regular quarterly cash dividend of 11 cents per share has been declared. The total capital returned to shareholders during 2023, including dividends and shares repurchased, is approximately $932 million.
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W. R. Berkley Corporation to Present at the 2023 Goldman Sachs U.S. Financial Services Conference

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W. R. Berkley Corporation (WRB) will be presenting at the 2023 Goldman Sachs U.S. Financial Services Conference on December 5, 2023. The company, founded in 1967, is a leading insurance holding company in the United States, operating in two segments: Insurance and Reinsurance & Monoline Excess.
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W. R. Berkley Corporation Names Christopher H. Balch President of Berkley Technology Underwriters

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W. R. Berkley Corporation (NYSE: WRB) announces Christopher H. Balch as president of Berkley Technology Underwriters, succeeding Matthew A. Mueller, who becomes chairman. Balch brings 20 years of experience in property and casualty insurance, with a focus on commercial insurance. Mueller, who led Berkley Technology Underwriters since 2011, will continue as chairman. The company is a leading provider of property, casualty, and professional insurance coverages for technology clients worldwide.
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W. R. Berkley Corporation Reports Third Quarter Results

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W. R. Berkley Corporation reports third quarter 2023 results, with net income increasing by 45.7% to $334 million. Operating return on equity is 21.7% and return on equity is 19.8%. Record quarterly net investment income of $271 million driven by a 59.3% increase in the core portfolio.
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W. R. Berkley Corporation Names John J. Forte President of Berkley Public Entity

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John J. Forte appointed as president of Berkley Public Entity, a Berkley Company.
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W. R. Berkley Corporation to Announce Third Quarter 2023 Earnings on October 23, 2023

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W. R. Berkley Corporation to release Q3 2023 earnings on October 23, 2023
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W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends

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W. R. Berkley Corporation declares special cash dividend of 50 cents per share and regular quarterly cash dividend of 11 cents per share. Total capital returned to shareholders in 2023 is approximately $772 million.
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FAQ

What is the current stock price of W.R. Berkley Corporation (WRB)?

The current stock price of W.R. Berkley Corporation (WRB) is $58.57 as of December 20, 2024.

What is the market cap of W.R. Berkley Corporation (WRB)?

The market cap of W.R. Berkley Corporation (WRB) is approximately 22.2B.

What does W.R. Berkley Corporation specialize in?

W.R. Berkley specializes in commercial lines property casualty insurance, including niche products like excess and surplus lines, workers' compensation, and reinsurance.

When was W.R. Berkley Corporation founded?

W.R. Berkley Corporation was founded in 1967.

How does W.R. Berkley's decentralized structure benefit the company?

The decentralized structure allows each operating unit to quickly adapt to market changes and customer needs, fostering financial accountability and high professional standards.

What types of insurance does W.R. Berkley provide?

W.R. Berkley provides various types of insurance including commercial casualty insurance, workers' compensation, self-insurance consulting, and reinsurance.

Who are W.R. Berkley's primary customers?

W.R. Berkley's primary customers include small to midsize businesses that require specialized insurance products and services.

What is W.R. Berkley's competitive advantage?

W.R. Berkley's competitive advantage lies in its decentralized operations, specialized knowledge in niche markets, and ability to quickly respond to market conditions.

How does W.R. Berkley ensure high professional standards?

W.R. Berkley attracts and retains top professionals by providing financial accountability and incentives to local management.

What recent achievements has W.R. Berkley made?

Recent achievements include the development of new insurance products, strategic partnerships, and continual improvements in service offerings.

What is the role of W.R. Berkley's subsidiaries?

The subsidiaries primarily underwrite commercial casualty insurance and focus on providing specialized solutions and personalized services.

How can I stay updated with W.R. Berkley's latest news?

You can stay updated with the latest news and developments about W.R. Berkley Corporation here on StockTitan.

Stock WRB logo
W.R. Berkley Corporation

NYSE:WRB

WRB Rankings

#492 Ranked by Market Cap
#1999 Ranked by Dividends

WRB Stock Data

22.23B
288.41M
24.27%
69.3%
1.19%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States of America
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