The curious incident of the WR Berkley loss pick

WR Berkley

In many ways, we’ve been here before. Valuation multiples generally extended, P&C companies seeking notable price increases, a significant decline in 10-year US Treasury yields, and material underperformance in financials more broadly… yes, you’ve guessed it: the 2019 property casualty landscape bears a striking resemblance to that of 2011.

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