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.
The 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.
Was this article valuable?
Here are more articles you may enjoy.
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
