Greenwich, Conn.-based W.R. Berkley Corp. has closed its previously announced public offering of $150 million principal amount of its 5.125% Senior Notes due 2010. The company received net proceeds from the offering of $147.7 million, which will be used for general corporate purposes, including to provide additional capital for its insurance subsidiaries.
Morgan Stanley was the sole book runner of the offering, with Merrill Lynch & Co. as the joint lead manager.
Founded in 1967, W. R. Berkley Corporation is an insurance holding company which operates in five segments of the property casualty insurance business: specialty insurance, alternative markets, reinsurance, regional property casualty insurance and international.
Cyber Attacks On Banks More Serious Than Public Realizes
E&O Insights: Restaurant and Tavern Risks
CEA’s First CIO Reflects C-Suite Trend
Golf and Country Clubs Weather the Storm
Midwest AGs Go After Storm-Chasing Roofing Companies
Medical Malpractice Payouts Not Driving Up Health Costs: Study
Florida Lawmakers Approve Medical Malpractice Reform
Industry Results Show Positive Signs for Workers’ Comp Line, NCCI’s Chief Economist Says
Sign up to receive insurance news alerts!
