For W.R. Berkley, Exiting Personal Lines Proved ‘Great’ Decision March 19, 2008 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 2 Comments March 19, 2008 at 3:46 am Joe Agent says: Like or Dislike: 0 0Berkley exited Personal Lines in 2001, (not 1999 as stated in the interview)making the decision about 1 month after the 9/11 WTC attack. They saw opportunity to make hay in commercial lines and needed to free up capital. Reply March 24, 2008 at 3:36 am bob g says: Like or Dislike: 0 0Funny about Berkley, they exited just before personal lines became profitable for everyone that stayed the course in 03, 04, 05, 06 & 07. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
Berkley exited Personal Lines in 2001, (not 1999 as stated in the interview)making the decision about 1 month after the 9/11 WTC attack. They saw opportunity to make hay in commercial lines and needed to free up capital.
Funny about Berkley, they exited just before personal lines became profitable for everyone that stayed the course in 03, 04, 05, 06 & 07.