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) reported a strong fourth quarter and full year 2022 performance, featuring a 29.8% increase in net income, reaching $382.2 million in Q4 and $1.4 billion annually. The return on equity improved to 23.0% in Q4 and 20.8% for the year. Gross premiums written increased 11.3% to $11.9 billion, while net investment income surged 40.2% to a record $231.3 million in Q4. Annual pre-tax underwriting income hit $1.0 billion. The company emphasizes its growth strategy amid inflationary pressures, showcasing strong underwriting and investment performance.
W. R. Berkley Corporation (NYSE: WRB) will release its fourth quarter and full year 2022 earnings on January 26, 2023, after market close. The earnings release will be available on the Company’s website. A quarterly conference call is scheduled for the same day at 5:00 p.m. eastern time, with a live audio webcast accessible via the website. Founded in 1967, W. R. Berkley is a leading insurance holding company, operating in the property casualty insurance sector, specifically in Insurance and Reinsurance & Monoline Excess.
W. R. Berkley Corporation (NYSE: WRB) has declared a special cash dividend of
W. R. Berkley Corporation (NYSE: WRB) announced the election of Daniel L. Mosley as a director, effective January 1, 2023. This decision increases the Board of Directors to ten members, with eight being independent. Mr. Mosley is currently a partner at BDT & Company and has extensive experience in leadership roles, including positions at Cravath, Swaine & Moore LLP and various non-profits. Founded in 1967, W. R. Berkley is a leading insurance holding company in the U.S., focusing on commercial lines and operating globally.
W. R. Berkley Corporation (NYSE: WRB) has announced a quarterly cash dividend of 10 cents per share, payable on December 28, 2022, to stockholders recorded by December 19, 2022. Founded in 1967, W. R. Berkley is a prominent insurance holding company in the U.S., specializing in diverse property casualty insurance services.
W. R. Berkley Corporation (NYSE: WRB) has appointed Lynn Neville as the new senior vice president of claims, effective immediately. Ms. Neville brings over 30 years of experience from an internationally recognized insurer, where she held the role of Executive Vice President, Global Head of Insurance Claims. She holds a BS in Business Administration from Villanova University and a Juris Doctor from the Delaware Law School of Widener University. President W. Robert Berkley, Jr. expressed confidence that her expertise will enhance the company's operations.
W. R. Berkley Corporation (NYSE: WRB) announced that William R. Berkley, executive chairman, and W. Robert Berkley, Jr., president and CEO, will present at the Goldman Sachs 2022 US Financial Services Conference on Tuesday, December 6, 2022, at 8:00 a.m. eastern time. The presentation will be available via live webcast on the Company's website, with a replay accessible for approximately 90 days. Founded in 1967, W. R. Berkley is a leading insurance holding company in the U.S., operating in the property casualty insurance sector.
According to the 2022 Health Care Pressures Facing U.S. Employees report by Berkley Accident and Health, 80% of U.S. employees are concerned about rising health care costs. The survey found that 61% have skipped medical services due to expenses, and 38% report having medical debt, often due to high deductibles. The report suggests that employers should assess cost-sharing plans and enhance price transparency to alleviate employee financial stress regarding health care.
W. R. Berkley Corporation (NYSE: WRB) has established a new entity called Berkley E&S Solutions, aimed at offering surplus lines casualty coverage for middle-market and large accounts via wholesale brokers. Curtis E. Fletcher has been appointed as President and CEO of this new venture. The company seeks to enhance its footprint in the excess and surplus lines segment, focusing on complex risks. Fletcher brings over 35 years of industry experience, having been with Berkley for 24 years.
W. R. Berkley Corporation (NYSE: WRB) reported strong Q3 2022 results with operating return on equity at 16.9% and net premiums written increasing by 10.8% to $2.6 billion. Gross premiums written reached $3.1 billion, a 10.6% growth year-over-year. Core net investment income surged 51.0%, complemented by pre-tax underwriting income of $192 million. The combined ratio stood at 92.1%, influenced by $94.1 million in catastrophe losses. W. R. Berkley remains optimistic about growth opportunities in a favorable market environment.
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