Reinsurance News
W. R. Berkley
Erin Rotz named President of Berkley Fire & Marine
31st December 2025
W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has appointed Erin Rotz as President of Berkley Fire & Marine, effective immediately. Rotz has over two decades of inland marine and construction underwriting experience. Most recently, she served as the Head of Builder's Risk, Inland Marine and Energy Casualty ... Read the full article
Mitsui Sumitomo Insurance acquires at least 12.5% of W. R. Berkley shares
5th December 2025
Mitsui Sumitomo Insurance Co., Ltd. (MSI), a Japanese property and casualty (P&C) insurance carrier, has acquired beneficial ownership of at least 12.5% of W. R. Berkley Corporation’s common stock. This move follows MSI's agreements with the Berkley Family, which includes a company and trusts owned by Berkley family members. None of ... Read the full article
W. R. Berkley appoints Hale Johnston President of Berkley Net
25th November 2025
W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has recently announced that Hale Johnston has been appointed president of Berkley Net, one of its subsidiary companies, effective immediately. Johnston succeeds Brian Douglas, who has led Berkley Net since 2018 after joining the company in 2006, and who ... Read the full article
W. R. Berkley’s Q3’25 net income rises 40% to $511m
21st October 2025
W. R. Berkley Corporation, a commercial lines property and casualty insurer and reinsurer, has reported year-on-year net income growth of 39.8% for the third quarter of 2025 to $511 million, compared to $365.63 million last year. For Q3’25, the company reported gross and net premiums written of $3.8 billion and $3.2 ... Read the full article
W. R. Berkley introduces Berkley Edge, a new specialty insurance provider
20th August 2025
W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has announced the creation of Berkley Edge, a business dedicated to delivering professional liability and casualty insurance solutions for small to mid-sized companies. Berkley Edge will concentrate on accounts that are considered difficult to place or distressed, offering its ... Read the full article
Kalepa expands technology partnership with W. R. Berkley Corporation affiliate
15th August 2025
Kalepa, a company specialising in underwriting technology solutions, has entered into an agreement with an affiliate of W. R. Berkley Corporation, a commercial lines insurance provider in the United States. The agreement will broaden the use of Kalepa’s platform to help improve efficiency and accuracy in underwriting across Berkley’s various operating ... Read the full article
Wayne Ashley named President of Berkley Re UK
5th August 2025
Insurance holding company W. R. Berkley Corporation has announced the appointment of Wayne Ashley as President of Berkley Re UK Limited, effective October 2025, and confirmed that he will take over as Chief Executive Officer (CEO) of the company in 2026. Current CEO of Berkley Re UK, Claire Himmer, will continue ... Read the full article
Property reinsurance becoming more competitive, discipline eroding: W. R. Berkley CEO
23rd July 2025
During W. R. Berkley Corporation’s Q2 2025 earnings call, William Robert Berkley, President, CEO & Director, highlighted that the property reinsurance market is becoming increasingly competitive, with signs that discipline among reinsurers continues to erode. Berkley stated that the property marketplace is clearly becoming more competitive. He attributed this growing competition to ... Read the full article
W. R. Berkley’s Q2’25 income expands as NPW reach record $3.4bn
22nd July 2025
W. R. Berkley has disclosed net income for Q2 of 2025 at $401.3 million, up from $371.9 million in Q2 of 2024, while net premiums written grew to a record $3.4 billion. The firm also posted a record net investment income of $379.3 million in Q2 of 2025, up from $372.1 ... Read the full article
W. R. Berkley posts record net premiums written for Q1’25
22nd April 2025
Insurance holding company W. R. Berkley Corporation has posted record high net premiums written for the first quarter of 2025 at $3.1 billion, compared to $2.8 billion in Q1’24. This was supported by the growth in gross written premiums (GWP) for the quarter, reported at $3.6 billion compared to $3.3 billion ... Read the full article
Mitsui Sumitomo Insurance agrees to acquire 15% of W. R. Berkley stock from third parties
28th March 2025
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Co., Ltd. (MSI) has agreed to acquire 15% of commercial lines P&C insurance holding company, W. R. Berkley Corporation's outstanding common stock via open market purchases or private transactions with third parties. MSI has entered into the agreement with a company owned ... Read the full article
W. R. Berkley names Heath Kidd as Executive Vice President
7th March 2025
W. R. Berkley Corporation, a provider of commercial property and casualty insurance, has appointed Heath Kidd as executive vice president, effective immediately. Kidd brings over 30 years of industry experience, having held leadership roles across strategy, underwriting, risk control, product development, claims, and analytics. Prior to joining Berkley, he served as vice ... Read the full article
W. R. Berkley launches Berkley Embedded Solutions with Lloyd as President
3rd March 2025
Insurance holding company W. R. Berkley Corporation has announced the formation of Berkley Embedded Solutions and appointed Stephanie Lloyd as President, effective immediately. Berkley Embedded Solutions will leverage advanced technology and purpose-built digital offerings, enabling customers to access tailored insurance solutions at the point of need, while benefiting from W. R. ... Read the full article
W. R. Berkley CEO bemoans sluggish casualty reinsurance market as book shrinks 15%
29th January 2025
W. Robert Berkley, Jr., President and CEO of insurer W. R. Berkley, has expressed his disappointment with the reinsurance market's sluggish response to social inflation and other challenges, arguing that a lack of discipline is preventing the casualty market from achieving appropriate risk-adjusted returns. Berkley’s concerns are reflected in the reduction ... Read the full article
W. R. Berkley sees highest-ever net income in record setting 2024
28th January 2025
W. R. Berkley Corporation has announced that it achieved its highest-ever net income in 2024, along with setting several other financial records during the year. W. R. Berkley's net income for 2024 stood at $1.76 billion, up from $1.38 billion for the full year 2023, while the firm's gross and net ... Read the full article
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