BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
W.R. Berkley Corp. on Tuesday reported net income for the third quarter of 2020 declined 8.2% to $151.7 million, while net premiums were $1.88 billion, up 7.4% from the year-earlier period.
Net investment income also declined, 11.6% to $142.7 million, according to the financial statement in the release.
The insurer said average rate increases for the quarter excluding workers compensation were approximately 14.5%.
Berkley’s third-quarter combined ratio was 93.7%, with 4.2 percentage points of catastrophe losses, the earnings statement said.
Rate increases continued to accelerate during the quarter, Berkley said in its statement.
Third-quarter net premiums written in the insurance segment rose 6.5% to $1.63 billion.
Third-quarter net premiums written in the reinsurance and monoline excess segment rose 13.7% from the year-earlier period to $251 million, financial data showed.
W.R. Berkley Corp. on Tuesday reported a 20.3% increase in profit, to $216.7 million, for the second quarter of 2019.