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) reported a 72.3% increase in third-quarter net income, totaling $261.3 million, with a return on equity of 16.6%. Gross premiums written rose to $2.79 billion, a 23.7% increase year-over-year. Net investment income increased by 26.1% to $179.9 million, while operating income surged 103.6% to $246.7 million. The combined ratio was 90.4%, influenced by $73.8 million in catastrophe losses. The company anticipates continued growth in premiums and underwriting profits, bolstered by a strong pricing environment.
W. R. Berkley Corporation (NYSE: WRB) will release its Q3 2021 earnings on October 21, 2021, after market close. A conference call with analysts is scheduled for the same day at 5:00 p.m. ET to discuss earnings and other information. Investors can access the earnings release and the live webcast on the company’s website: www.berkley.com. Established in 1967, Berkley is one of the largest commercial lines writers in the U.S., operating in property casualty insurance.
AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to W. R. Berkley Corporation (WRB) for its forthcoming $350 million, 3.150% senior unsecured notes, due September 2061. The rating outlook is stable. The proceeds will be utilized for general corporate purposes. Following the issuance, WRB’s financial leverage is expected to remain compliant with AM Best’s guidelines, with a projected debt-to-total capital of 27.2% and coverage metrics exceeding five times.
W. R. Berkley Corporation (NYSE: WRB) has successfully priced a
W. R. Berkley Corporation (NYSE: WRB) announced that its executive chairman, William R. Berkley, and president/CEO, W. Robert Berkley, Jr., will present at the 2021 Keefe, Bruyette & Woods Virtual Insurance Conference. The presentation is scheduled for September 9, 2021, at 10:00 a.m. ET. It will be available via live webcast on the company's website, with a replay accessible for approximately 90 days afterward. Founded in 1967, W. R. Berkley Corporation is a leading insurance holding company in the U.S., focusing on property casualty insurance.
W. R. Berkley Corporation (NYSE: WRB) has declared a quarterly cash dividend of 13 cents per share. This dividend will be paid on September 29, 2021, to stockholders of record as of September 15, 2021. Founded in 1967, W. R. Berkley Corporation is a leading insurance holding company, primarily engaged in commercial lines, operating in both the Insurance and Reinsurance & Monoline Excess segments.
W. R. Berkley Corporation (NYSE: WRB) has appointed Glen Riddell as the CEO of both Berkley Re Asia and Berkley Re Australia, effective December 31, 2021. Riddell, who has been CEO of Berkley Re Asia since 2015, will streamline management across both entities, enhancing operational efficiency. Tony Piper will continue as CEO until the transition, after which he will become chairman, maintaining an active role in strategic client relationships and special projects. This decision aims to leverage combined expertise and strengthen reinsurance solutions for clients.
W. R. Berkley Corporation (NYSE: WRB) reported impressive Q2 2021 results with gross premiums written at $2.66 billion, a 25% increase year-over-year. Net premiums rose 27.2% to $2.21 billion, contributing to a net income of $237.2 million, or $1.27 per share. The combined ratio improved to 89.7%, while return on equity was a strong 15%. Significant growth was driven by an average rate increase of 9.7%. The company returned $112 million in capital to shareholders, demonstrating strong financial health and an optimistic outlook for future growth in the property casualty market.
W. R. Berkley Corporation (NYSE: WRB) has launched Berkley Small Business Solutions, a new operating unit focused on providing commercial insurance products tailored for small businesses. The initiative will utilize advanced technology and data analytics to enhance customer experience, initially targeting the non-fleet transportation sector. Jeanne R. Fenster, with over 25 years in property casualty insurance, will lead this unit. President and CEO W. Robert Berkley, Jr. emphasized the significance of this venture in addressing the needs of small businesses within the U.S. economy.
FAQ
What is the current stock price of W.R. Berkley Corporation (WRB)?
What is the market cap of W.R. Berkley Corporation (WRB)?
What does W.R. Berkley Corporation specialize in?
When was W.R. Berkley Corporation founded?
How does W.R. Berkley's decentralized structure benefit the company?
What types of insurance does W.R. Berkley provide?
Who are W.R. Berkley's primary customers?
What is W.R. Berkley's competitive advantage?
How does W.R. Berkley ensure high professional standards?
What recent achievements has W.R. Berkley made?
What is the role of W.R. Berkley's subsidiaries?
How can I stay updated with W.R. Berkley's latest news?
