WR Berkley leads insurtech Sure’s $12.5mn funding roundUS insurtech Sure has raised $12.5mn in a Series B funding round led by WR Berkley, bringing its total funding to $23.1mn.
WR Berkley names ex-Argo US casualty leader as Verus presidentMarlo Edwards has been named president of WR Berkley subsidiary Verus Underwriting Managers, succeeding Dale Pilkington, who the company said is retiring.
WR Berkley shares up 3% on pricing momentum and beatShares in US specialty insurer WR Berkley reacted positively this morning after a first quarter earnings beat and bullish commentary on commercial insurance pricing that adds further weight to the theory that the market is in the early stages of a meaningful transition.
GC’s McBurney leaves for ceded re role at BerkleyScott McBurney has left Guy Carpenter to join WR Berkley in the specialty insurer’s ceded reinsurance department, The Insurer can reveal.
Berkley beats and gives bullish rates outlookUS specialty insurer WR Berkley delivered a comfortable earnings beat for the fourth quarter and offered a bullish assessment on pricing.
WR Berkley takes Chubb’s North America CUO Maloney and shuffles senior managementWR Berkley has swooped on Chubb for Michael Maloney as it appoints new executives.
Starr continues aviation expansion drive with Brazil operationStarr Insurance Companies’ Brazilian subsidiary has been granted a local license to offer aviation insurance.
WR Berkley beats forecast, takes $39mn nat cat hitUS carrier WR Berkley has posted revenues of $1.94bn for the quarter ended September 2018, surpassing market expectations and beating predictions with net income totalling $1.26 per share.
CV Starr acquires WRB and Aspen aviation booksLeading aviation carrier CV Starr is expanding its market share with the acquisition of two books of business from rival carriers.
Casualty is WRB “sweetspot” as eyes on London “discipline”WR Berkley CEO Rob Berkley has described casualty as the group’s “sweetspot” while taking shot at the industry’s habit of misrepresenting short-tail results, on his company’s call with investors yesterday.
(Re)insurers will be 'pulled in' to opioid crisis(Re)insurers will inevitably be drawn in to impending litigation from the ongoing opioid epidemic in the US, according to the CEO of the blue-chip specialty insurance group, WR Berkley.
Premiums up at WR Berkley despite shrinking reinsurance bookUS carrier WR Berkley has reported a slight uptick in gross written premium (GWP) for the quarter, despite the reinsurance segment narrowing by 15 percent in the three months of the year.
WRB dodges heavy losses to deliver Q4 profitUS carrier WR Berkley has reported net earnings per share of $1.21 for the fourth quarter as the company managed to miss the worst of the period’s catastrophe losses.