WR Berkley falls to reinsurance underwriting loss

WR Berkley's reinsurance division slipped to an underwriting loss in the first quarter as a $30mn reserve charge took its toll on the segment's combined ratio.

The New York-listed carrier's operating earnings per share were in line with the Wall Street consensus at $0.70 per share, according to Janney analyst Larry Greenberg, as the net result came in broadly flat.

Late last month, the carrier revealed that its results for the first three months of the year would take a...

http://www.insuranceinsider.com/wr-berkley-falls-to-reinsurance-underwriting-loss