WR Berkley income flat as CEO claims market is turning
WR Berkley's first quarter net income remained flat at $116mn as chairman and CEO Bill Berkley said the company was benefiting from a gradual turn in the market.
The US-headquartered specialty (re)insurer expanded its top-line during the quarter by 10.1 percent compared to the same period of last year, with net written premium increasing to $1.1bn.
Berkley, who has long been predicting a US market turn, said prices for the quarter were up in "nearly all areas", with an average...
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