W. R. Berkley Corporation Announces Sale of Division of Wholly-Owned Investment
01 Juin 2023 - 10:48PM
Business Wire
W. R. Berkley Corporation (NYSE: WRB) today announced the
completed sale of the property and casualty insurance services
division of Breckenridge IS, Inc. W. R. Berkley Corporation will
recognize an estimated pre-tax net realized gain on investment of
$86 million on the sale in the second quarter of 2023.
Founded in 1967, W. R. Berkley Corporation is an insurance
holding company that is among the largest commercial lines writers
in the United States and operates worldwide in two segments of the
property casualty insurance business: Insurance and Reinsurance
& Monoline Excess. For further information about W. R. Berkley
Corporation, please visit www.berkley.com.
This is a “Safe Harbor” Statement under the Private Securities
Litigation Reform Act of 1995. Any forward-looking statements
contained herein, including statements related to our outlook for
the industry and for our performance for the year 2023 and beyond,
are based upon the Company's historical performance and on current
plans, estimates and expectations. The inclusion of this
forward-looking information should not be regarded as a
representation by us or any other person that the future plans,
estimates or expectations contemplated by us will be achieved. They
are subject to various risks and uncertainties, including but not
limited to, risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission. These risks
and uncertainties could cause our actual results for the year 2023
and beyond to differ materially from those expressed in any
forward-looking statement we make. Any projections of growth in the
Company's revenues would not necessarily result in commensurate
levels of earnings. Forward-looking statements speak only as of the
date on which they are made, and the Company undertakes no
obligation to update publicly or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230601006066/en/
Karen A. Horvath Vice President - External Financial
Communications (203) 629-3000
WR Berkley (NYSE:WRB)
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