WR Berkley UW income dips 15% to $234mn as GWP grows 7% to $3.1bn
WR Berkley’s underwriting profits slipped by 15 percent to $234mn in the first quarter and gross written premiums grew by 7 percent to $3.1bn, as higher catastrophe losses - both in the current quarter and from prior-periods - pushed the firm’s combined ratio up 2.8 points to 90.6 percent.
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