W. R. Berkley Corporation announced that during the first quarter of 2002 it contributed an additional $50 million of capital to Berkley Insurance Company, the lead insurance company of the Berkley Group.
“This capital contribution is in addition to $44 million of capital contributed to Berkley Insurance Company in the fourth quarter of 2001. These capital contributions increase Berkley Insurance Company’s statutory policyholders’ surplus to approximately $700 million, providing support for its insurance and assumed reinsurance businesses,” said the announcement.
Was this article valuable?
Here are more articles you may enjoy.
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
Danone US Sues Chobani Over High-Protein Yogurt Labeling Claims 
Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse 
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
