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
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.
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.