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.
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.
W. R. Berkley Corporation (NYSE: WRB) announced the sale of a New York City office complex, expecting a pre-tax net gain of approximately $105 million in Q4 2020. This transaction will lead to an estimated $52 million pre-tax increase in stockholders’ equity due to its accounting treatment. The sale aligns with the Company’s strategy to invest for total return, aiming to deliver long-term value creation for shareholders amid a low interest rate environment.
W. R. Berkley Corporation (NYSE: WRB) has established Lifson Re Ltd., a special purpose insurer in Bermuda, with over $250 million in equity from global investors, including W. R. Berkley Corporation. The new entity will engage in reinsurance treaties starting January 1, 2021, managing a diverse portfolio alongside traditional reinsurers. This strategic move aims to better manage risk and capital while enhancing partnerships with alternative capital sources and maintaining strong ties with traditional reinsurers.
Summary not available.
W. R. Berkley Corporation (NYSE: WRB) has appointed Thomas Joyce as president of Nautilus Insurance Group, effective January 1, 2021, succeeding Thomas M. Kuzma, who becomes chairman. Joyce, a 35-year industry veteran, joined Nautilus in 2015 and has held several key positions, including chief underwriting officer. Kuzma, who has been with Nautilus since its inception in 1986, will continue to leverage his experience for the company's growth. Berkley CEO W. Robert Berkley, Jr. praised both leaders for their contributions and commitment to enhancing Nautilus's service and partnerships.
W. R. Berkley Corporation (NYSE: WRB) reported strong third quarter results for 2020. Gross premiums written reached $2.26 billion, up 8.1% year-over-year, while net income to common stockholders was $151.68 million, yielding a diluted EPS of $0.81. The combined ratio stood at 93.7%, impacted by 4.2 points from catastrophes. Book value per share grew 3.7%, and cash and liquid investments exceeded $1.6 billion. The company emphasized its focus on profitable underwriting amidst economic challenges posed by COVID-19, indicating a resilient performance in turbulent times.