WR Berkley
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The German reinsurer’s gross written premium rose to $37.8bn to reclaim the top spot in AM Best’s rankings. -
The deals are the latest evidence of a shift in aviation market capacity.
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The carrier will assume responsibility for WRB’s entire aviation book, which includes US and European business.
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Property cat reinsurance rate rises still lag behind those of primary insurance, executives said during Q2 conference calls.
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The epidemic of opioid addiction could nevertheless be meaningful for the sector, the executive says.
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The carrier's combined ratio improved to 94.9 percent as cat losses slid.
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Aspen has lost more underwriters as members of its Bermuda FinPro team jump ship.
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While most aviation accounts achieved single-digit rate rises, wordings for manufacturer’s liability policies have loosened.
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Berkley One expands personal lines operations, adding Minnesota and Wisconsin.
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Investment yields have ticked up over the last two years, aided by equity and alternative performance.
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Berkley and other P&C CEOs feel loss trends will become more important.
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The decision comes after a number of carriers pulled back from parts of the aviation market.
