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.
‘Structural Shift’ Occurring in California Surplus Lines 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
