W.R. Berkley Corporation - WRB STOCK NEWS

W. R. Berkley Corporation (NYSE: WRB) announced the sale of its real estate investment, an office building known as 'The Scalpel' in London, for £718 million, expected to close on March 7, 2022.

The transaction aligns with the company's strategy of enhancing long-term shareholder value in a challenging low-interest-rate environment. The deal is projected to yield an estimated realized pretax gain exceeding $300 million in Q1 2022, subject to final adjustments.

W. R. Berkley Corporation (NYSE: WRB) reported strong financial results for Q4 and full year 2021. Key highlights include a 26.6% growth in net premiums written and a return on equity of 18.7% in Q4. The company achieved record underwriting income of $260.9 million and full year net income of $1 billion. Total capital returned to shareholders amounted to $478.1 million for the year. The firm expects to continue benefiting from pressure on rates and planned growth strategies, positioning itself well amid inflationary trends.

W. R. Berkley Corporation (NYSE: WRB) has appointed Andrew Robinson as the president of its newly formed unit, Berkley Construction Solutions, which aims to offer excess liability insurance for contractors. This strategic move is intended to enhance Berkley's involvement in the vital construction sector. Robinson brings nearly 40 years of experience in property casualty insurance with a specialization in construction. The company remains committed to growing its market presence and delivering dedicated expertise to contractors.

W. R. Berkley Corporation (NYSE: WRB) will announce its Q4 and FY 2021 earnings after market close on January 27, 2022. The earnings release will be accessible on the Company’s website www.berkley.com. A conference call for analysts and investors is scheduled for 5:00 p.m. ET the same day, with a live audio webcast available on the website. Founded in 1967, Berkley is a major player in the property casualty insurance sector in the US and operates globally across two segments: Insurance and Reinsurance & Monoline Excess.

W. R. Berkley Corporation (NYSE: WRB) will present at the 2021 UBS Specialty Insurance Conference on December 14, 2021, at 12:00 p.m. ET. Executive Chairman William R. Berkley and CEO W. Robert Berkley Jr. will lead the presentation, which will be available via webcast on the company’s website. Attendees are advised to log on 10 minutes early. A replay will be accessible within 24 hours for approximately 90 days. Founded in 1967, W. R. Berkley Corporation is a major player in the commercial insurance sector in the U.S.

W. R. Berkley Corporation (NYSE: WRB) has appointed James Hastings as president of W. R. Berkley Syndicate Management Limited, effective February 22, 2022. Hastings brings nearly 20 years of experience in the insurance industry, focusing on international markets. He is expected to take on the role of CEO later in 2022, pending regulatory approval. David Brosnan will remain CEO during the transition and stay on the Board. W. R. Berkley operates globally in property casualty insurance across two segments: Insurance and Reinsurance.

W. R. Berkley Corporation (NYSE: WRB) has declared a special cash dividend of $1.00 per share, payable on December 22, 2021, for stockholders of record by December 7, 2021. This follows a previous $0.50 per share dividend in July, totaling $1.50 for special dividends in 2021. The Board has also authorized a regular quarterly cash dividend of 13 cents per share, due on the same date. Total capital returned to shareholders in 2021 is approximately $478 million. Additionally, the share repurchase authorization has been increased to 10 million shares.

W. R. Berkley Corporation (NYSE: WRB) has announced the appointment of John Henle as president of Union Standard Insurance Group, effective immediately. He succeeds B. Keith Mitchell, who has transitioned to the role of chairman. Henle brings over 20 years of multi-line insurance experience, having served as head of district operations at a major U.S. property casualty firm. Mitchell, who joined Union Standard in 1998, will continue to contribute his insights and expertise as chairman.

W. R. Berkley Corporation (NYSE: WRB) has appointed Daniel Smyrl as president of Admiral Insurance Group, succeeding Curtis E. Fletcher, who becomes chairman. This leadership transition is effective immediately. Smyrl, who joined Admiral in 2002, brings nearly 40 years of insurance experience, having previously served as executive vice president of underwriting. Fletcher has been with Admiral for 23 years and will continue to contribute strategically as chairman. Both appointments are expected to support Admiral's ongoing success in the insurance market.