Latest Berkley Headlines
All the headlines from our Berkley Topic Page, ordered by recency.
W. R. Berkley Forms Web-Based Underwriting Company
Jan 9 2006 // W. R. Berkley Corporation has launched Berkley Net Underwriters, LLC, a web-based system that will allow the company’s producers to quote and bind insurance on behalf of W. R. Berkley Corporation’s insurance...
W. R. Berkley Forms Accident and Health Company
Jan 4 2006 // W. R. Berkley Corporation in Greenwich, Conn. has formed Berkley Accident and Health, LLC. Based in New Jersey, Berkley A&H will write accident and health insurance and reinsurance on behalf of W. R. Berkley...
W.R. Berkley Corp. Names Horvath to External Financial Communications Post
Jan 3 2006 // W. R. Berkley Corp. reported that Karen Horvath has been named to the newly created position of vice president – external financial communications. Her principal duties will relate to communications between the...
Midwest Employers Pay Lower Cost Per Employee
Oct 17 2005 // Employers in Midwestern states like Missouri and Illinois paid lower hourly costs for employee compensation than the national average. According to the U.S. Bureau of Labor Statistics, employers in the West North Central...
S&P Revises W.R. Berkley Corp., Sub Ratings to Stable
Jul 20 2005 // Standard & Poor’s Ratings Services has revised its outlook on W.R. Berkley Corp. and BER’s operating companies (collectively referred to as Berkley) to stable from negative. Standard & Poor’s...
People & Places
Jan 3 2005 // David L. Bowlin Memphis, Tenn.-based Regions Fin-ancial Corporation named David L. Bowlin president and CEO of its new Regions Insurance Group Inc., the corporate parent for all of its insurance operating subsidiaries....
Carolina Casualty Insurance President to Retire in 2005
Dec 8 2004 // W. R. Berkley Corporation (NYSE:BER) announced that Armin W. Blumberg, president of Jacksonville, Fla.-based Carolina Casualty Insurance Company (Carolina) since 1997 and an employee of the W. R. Berkley Corporation group...
W.R. Berkley Corp., Operating Companies Ratings Affirmed; Outlook Negative
Dec 29 2003 // Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on W. R. Berkley Corp. At the same time, Standard & Poor’s affirmed its ‘A+’ counterparty credit and financial...
Berkley Medical Excess Underwriters Appoints Brown to Position of VP Underwriting
Dec 10 2003 // Berkley Medical Excess Underwriters, LLC, an underwriting management unit of W. R. Berkley Corporation, announced the appointment of Todd Brown to the position of vice president, underwriting. Berkley Medical Excess...
W.R. Berkley Corp. Notes 89% Increase in Q3 Net Income
Oct 28 2003 // W. R. Berkley Corporation reported third quarter net income of $76 million, or 87 cents per share, up from $41 million, or 52 cents per share, a year ago. Net operating income for the third quarter of 2003 was $74 million,...
W.R. Berkley Forms New Underwriting Management Company, Makes Executive Appointments
Oct 15 2003 // W. R. Berkley Corporation announced the formation of Berkley Risk Solutions, Inc., a new underwriting management company. Berkley Risk Solutions, Inc. will provide insurance and reinsurance based financial solutions to...
W.R. Berkley Corp. Reports 96% Increase in Q2 Net Operating Income to $67.6M
Jul 24 2003 // Connecticut-based W. R. Berkley Corporation reported second quarter net income of $95.8 million, or $1.65 per share, up from $27.4 million, or 52 cents per share, a year ago. Net operating income for the second quarter of...
W.R. Berkley Corp. Reports 1stQ Net Income Doubles to $71.7M
Apr 28 2003 // W. R. Berkley Corporation reported first quarter net income of $72 million, or $1.25 per share, up from $34 million, or 66 cents per share, a year ago. Net operating income for the first quarter of 2003 was $63 million, or...
W.R. Berkley Corp. Notes Formation of New Excess Casualty Underwriting Division
Apr 11 2003 // W. R. Berkley Corporation announced the formation by its subsidiary, Admiral Insurance Company, of a new underwriting division. The new division, Admiral Excess Underwriters, will specialize in the underwriting of casualty...
W.R. Berkley Corp. Notes Plans to Form U.K. Operation
Mar 5 2003 // W. R. Berkley Corporation announced that it intends to form a United Kingdom authorized insurance company. It is expected that the enterprise will be London-based and will specialize principally in writing domestic U.K....
W.R. Berkley Corp. Closes Public Offering, Subsidiaries Receive A.M. Best Rating
Nov 25 2002 // W. R. Berkley Corporation has closed its previously announced public offering of 4,715,000 shares of common stock. The number of shares sold includes 615,000 shares sold pursuant to the exercise of the underwriters’...
W.R. Berkley Corp. Notes Proposed Public Offering
Nov 15 2002 // W. R. Berkley Corporation announced it intends to file a preliminary prospectus supplement with respect to a public offering of 4,100,000 shares of its common stock. Proceeds of the offering will be used to provide...
W.R. Berkley Corp. Sees 3rd Q Profit
Oct 30 2002 // W. R. Berkley Corporation reported third quarter operating income of $42 million, or 81 cents per share, compared with an operating loss of $12 million, or 28 cents per share, a year ago. For the first nine months of 2002,...
Berkley Corp. Forms Underwriting Management Group
Sep 16 2002 // W. R. Berkley Corporation announced the formation of B F Re Underwriters, LLC, an underwriting management group specializing in the underwriting of casualty facultative reinsurance on a direct basis. Daniel Avery, who was...
W. R. Berkley Corporation – John S. Diem
Aug 5 2002 // W. R. Berkley Corporation appointed John S. Diem as the president of its subsidiary, Berkley Underwriting Partners LLC, a management company that oversees managing general underwriter (MGU) program business. The...
