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 a virtual presentation by executive chairman William R. Berkley and CEO W. Robert Berkley, Jr. at the 2021 RBC Capital Markets Global Financial Institutions Conference.
The event is scheduled for March 9, 2021, at 10:00 a.m. ET, and will be available via webcast on the company’s website. A replay will be accessible for 90 days after the event.
Founded in 1967, the company is a leading insurance holding firm, operating in the property casualty insurance market.
W. R. Berkley Corporation (NYSE: WRB) has declared a quarterly cash dividend of 12 cents per share, set for payment on March 24, 2021, to stockholders of record as of March 10, 2021. Founded in 1967, W. R. Berkley is a leading commercial lines writer in the U.S. and operates globally in the property casualty insurance sector. The company is strategically positioned within two main segments: Insurance and Reinsurance & Monoline Excess. For more information, visit www.berkley.com.
W. R. Berkley Corporation (NYSE:WRB) will present at the 22nd Annual Credit Suisse Virtual Financial Services Forum on Thursday, February 25, at 9:40 a.m. ET. Executives William R. Berkley and W. Robert Berkley, Jr. will lead the presentation.
The event will be webcast live on the Company’s website at www.berkley.com. Attendees are encouraged to log on 10 minutes early to prepare. A replay of the presentation will be available within 24 hours and will remain online for approximately 90 days.
W. R. Berkley, founded in 1967, is a leading commercial lines writer in the U.S., operating in insurance and reinsurance sectors.
W. R. Berkley Corporation (NYSE: WRB) has appointed David Brosnan as the new CEO of W. R. Berkley Syndicate Management Limited, pending regulatory approvals. Brosnan brings 35 years of insurance experience, having recently led the international division of a major U.S. insurer in London. He takes over from Alastair Blades, who continues as chief underwriting officer. This leadership change aims to enhance focus and capitalize on market opportunities. W. R. Berkley Corporation, founded in 1967, is a major player in the property casualty insurance sector.
AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” to W. R. Berkley Corporation’s (WRB) $300 million, 4.125% subordinated debentures due February 2061. The outlook for this rating is stable. Proceeds will be used to redeem WRB’s existing 5.9% subordinated notes due April 2056 and for general corporate purposes. Post-issuance, WRB’s financial leverage will remain within AM Best’s guidelines, with a projected adjusted debt-to-total capital of 23.1% and unadjusted debt-to-total capital at 29.8%.
W. R. Berkley Corporation (NYSE: WRB) priced an offering of $300 million in 4.125% Subordinated Debentures due 2061. The offering is set to close on February 10, 2021. The Company plans to use the proceeds to redeem $110 million of its 5.900% Subordinated Debentures due 2056 and for general corporate purposes. The Debentures will be listed on the New York Stock Exchange under the symbol 'WRB PR H', pending approval. Major underwriters include Morgan Stanley and BofA Securities.
W. R. Berkley Corporation (NYSE: WRB) has announced its intention to redeem $110 million of its 5.900% Subordinated Debentures due 2056. The redemption will occur on March 1, 2021, at a price equal to the principal amount plus accrued interest. Registered holders will receive further details through a Notice of Redemption from The Bank of New York Mellon, the trustee. Founded in 1967, W. R. Berkley Corporation is a major player in the U.S. commercial lines insurance market, operating in both insurance and reinsurance segments.
W. R. Berkley Corporation (NYSE: WRB) reported robust fourth quarter and full year 2020 results, achieving record net income of $312.2 million and a return on equity of 20.6%. Gross premiums written increased by 9.3% to $2.2 billion for the quarter and 7.1% for the year, totaling $8.8 billion. The company maintained a strong operating cash flow, rising 41.3% to over $1.6 billion. Despite challenges from COVID-19 and other catastrophes, the combined ratio was 90.9%, marking the lowest in 13 years. The company expects continued opportunities for margin improvement in 2021.
W. R. Berkley Corporation (NYSE: WRB) will report its fourth quarter 2020 earnings on January 26, 2021, after market close. The earnings release will be accessible on the Company's website. A conference call for analysts and investors is scheduled for the same day at 5:00 p.m. Eastern Time, where key financial results will be discussed. Founded in 1967, W. R. Berkley is a leading insurance holding company in commercial lines, operating globally in property casualty insurance through its Insurance and Reinsurance segments.
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