WR Berkley
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Scott Holbrook succeeds former Key Risk president Robert Standen, who takes the helm of other operating units.
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AIG gains 19 percent, outstripping a 12 percent increase on the S&P 500 insurance industry index.
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The broader S&P 500 insurance index ended the day down 11.3%. -
The executive joins Verus after about 20 years with Bermudian carrier Argo.
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WR Berkley has witnessed a surge in E&S submissions even as rates creep upward.
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The insurer reported underwriting profits of $114.7mn in Q4, up 71.1 percent from the same period a year earlier.
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Jonathan Talisman is the founder of Capitol Tax Partners, a Washington DC lobbying group, focused on taxation policy.
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The firm appears to be standing still on market share at best, according to an Inside P&C analysis.
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The specialty insurer reported earnings of $0.85 per share, surpassing a consensus analyst estimate of $0.67 per share.
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David LeBlanc takes over for Douglas Nelson who has vacated the role to become chairman.
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William Berkley said a continued uptick in jury awards would apply sustained pressure on the casualty and PI markets.
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Pace of change is being driven by emerging “pain” across the market.
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