Welcome to our dedicated page for W.R Berkley news (Ticker: WRB), a resource for investors and traders seeking the latest updates and insights on W.R Berkley stock.
W. R. Berkley Corporation (WRB) is an insurance holding company in the property and casualty sector, described by the company as among the largest commercial lines writers in the United States and operating worldwide through its Insurance and Reinsurance & Monoline Excess segments. The WRB news feed brings together the company’s own announcements and market-moving updates that explain how management is running this commercial property and casualty franchise.
Visitors to this page can review earnings releases that detail net premiums written, combined ratios, return on equity, and segment performance for Insurance and Reinsurance & Monoline Excess. These releases also include management commentary on underwriting conditions, investment income, and the company’s approach to specialty and niche markets within commercial lines.
The news stream also features capital management updates, such as declarations of regular quarterly cash dividends, special cash dividends, and changes to share repurchase authorizations. These items show how W. R. Berkley describes its focus on building book value while returning excess capital to shareholders through dividends and repurchases.
In addition, users will find strategic and corporate developments, including the formation of new businesses like Berkley Edge, which is dedicated to professional liability and casualty insurance for small to mid-sized businesses, as well as executive appointments and ownership developments involving Mitsui Sumitomo Insurance Co., Ltd. Together, these news items provide context on W. R. Berkley’s position in the property and casualty insurance industry and its evolving priorities.
Bookmark this page to quickly access the latest WRB press releases, earnings announcements, capital actions, and other disclosures that the company makes available to investors and market participants.
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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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