WR Berkley profits up; still anticipates turn in market

27 July 2010

First-half income at WR Berkley grew threefold to $229mn from $77mn over the same period in 2009 as it reversed the investment losses that impacted results over the first six months of last year.

The US specialty insurer booked a combined ratio of 94.2 percent, against 94.6 percent for the same period of 2009.

And the property and casualty (P&C) insurer grew its top line for the first time in 15 quarters with net written premium standing at $1.95bn -...

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WR Berkley profits up; still anticipates turn in market

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