5 October 2017Insurance

WR Berkley NA nat cat loss expected below $110m

Commercial re/insurer WR Berkley Corporation said on Oct. 4 that it expects catastrophe losses attributable to Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be less than $110 million, before tax, or $72 million, after tax.

The loss estimate includes all expected reinsurance recoveries and is inclusive of reinstatement premiums.

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More on this story

Insurance
25 October 2017   Profits at WR Berkley dipped in the third quarter mainly because of catastrophe losses totalling $119 million including $107 million related to Hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico. But the company remained profitable and said it was pleased with its results.
Insurance
8 January 2018   US insurer WR Berkley Corporation has appointed David Lockhart as president of Gemini Transportation Underwriters, a Berkley company. Lockhart succeeds Rocco Modafferi, who has been named chairman of Gemini.