Reinsurance News
W. R. Berkley
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
W. R. Berkley sees record Q3 net profit of $365.6m
22nd October 2024
W.R. Berkley Corporation has reported a record Q3 net profit of $365.6 million amid continued strong underwriting margins and increased investment income. The firm's Q3 2024 return on equity and operating return on equity were 19.6% and 20.0%, respectively, while net investment income grew 19.5% compared to the same period of ... Read the full article
W. R. Berkley appoints Antonio Q. L. Rhodes as President of BMAG
6th September 2024
Insurance holding company W. R. Berkley Corporation has appointed Antonio Q. L. Rhodes as President of Berkley Mid-Atlantic Insurance Group (BMAG), a Berkley subsidiary, effective immediately. Rhodes is an industry veteran with nearly two decades of property and casualty insurance industry experience. Most recently, Rhodes served as the Executive Vice President and ... Read the full article
CrowdStrike outage “a wake-up call” for world’s exposure around technology: W.R. Berkley CEO
23rd July 2024
The CrowdStrike outage is a wake-up call for the systemic exposure that exists around technology, but it will prove manageable for the insurance and reinsurance industry, W. Robert Berkley, Jr., President and CEO of W. R. Berkley stated as he shared some comments on the event. Caused by a security update ... Read the full article
W. R. Berkley reports record NPW and investment income in Q2’24
23rd July 2024
Insurance holding company W. R. Berkley Corporation generated record net premiums written (NPW) of more than $3.1 billion in the second quarter of 2024, as net investment income increased by almost 52% to a new record. As NPW grew more than 11% year-on-year, the firm's gross premium written (GPW) increased from ... Read the full article
Lucas Prahl named President of Berkley Human Services
4th July 2024
W. R. Berkley Corporation, a property and casualty re/insurer, has announced the appointment of Lucas Prahl as President of Berkley Human Services, a Berkley company. Prahl succeeds Roger Nulton, who has been named Chairman of the business after serving as President for nearly a decade. Nulton will continue to support Prahl ... Read the full article
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