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.
Was this article valuable?
Here are more articles you may enjoy.
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
What Analysts Are Saying About the 2026 P/C Insurance Market 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
