Reinsurance News
W. R. Berkley
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
W. R. Berkley and subsidiaries credit ratings revised to positive by AM Best
7th June 2024
AM Best has revised outlooks to positive for W.R. Berkley Corporation and its subsidiaries, which reflects its strong balance sheet and operating performance. The Long-Term Issuer Credit Rating (Long-Term ICR) and Long-Term Issue Ratings (Long-Term IRs) of W. R. Berkley Corporation have been affirmed to positive from stable, as well as ... Read the full article
W. R. Berkley CEO optimistic on re/insurance property amid price peaks
29th April 2024
During the Q1 2024 earnings call, W. Robert Berkley, Jr., President and CEO of W. R. Berkley Corporation, notes that despite property cat reaching peak prices, there remains profit potential, particularly in the reinsurance property sector. Berkley underscores, “just because pricing has peaked, that doesn't mean there's not still a good ... Read the full article
W. R. Berkley reports Q1’24 combined ratio of 88.8% as underwriting income rises
23rd April 2024
Property and casualty re/insurer W. R. Berkley Corporation has reported a Q1 2024 combined ratio of 88.8%, including current accident year catastrophe losses of $30.5 million, leading to a 31.8% rise in pre-tax underwriting income to $309 million. The insurer’s gross premiums written (GWP) were $3.4 billion for Q1 2024, compared ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
