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) 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.
W. R. Berkley Corporation (NYSE: WRB) has appointed David A. Higley as the new president of Berkley Fire & Marine, effective July 12, 2021. With over 30 years in the commercial property and casualty insurance sector and a decade in executive roles in the marine market, Higley aims to enhance the company's growth. W. Robert Berkley, Jr., the CEO, expressed confidence in Higley's leadership skills and market relationships, highlighting the strategic importance of Berkley Fire & Marine in the company's future endeavors.
W. R. Berkley Corporation (NYSE: WRB) is set to release its second quarter 2021 earnings after the market closes on July 22, 2021. The earnings release will be accessible on the Company’s website at www.berkley.com. Following the earnings announcement, a conference call with analysts and investors will occur on the same day at 5:00 p.m. eastern time. A live audio webcast of the call will also be available on the Company’s site, with a replay accessible two hours post-call.
W. R. Berkley Corporation (NYSE: WRB) has announced an 8% increase in its annual cash dividend, raising it to 52 cents per share. The first quarterly payment at this new rate will be 13 cents per share, scheduled for July 6, 2021, for stockholders of record by June 25, 2021. Additionally, a special cash dividend of 50 cents per share will also be paid on the same date to eligible stockholders. This move reflects the company's commitment to returning value to its shareholders.
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