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18.07.25 - 22:18
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W. R. Berkley Corporation Names Shadi Albert President of Vela Insurance Services (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Shadi Albert as president of Vela Insurance Services. He succeeds Arthur G. Davis, who will assume the role of chairman of the business. The appointments are effective immediately.
W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented on the appointments, “We thank Art for his service and are grateful that he will assist in facilitating a smooth transition. We are excited for Shadi to take on this new role. His proven leadership and depth of experience will complement the expertise of Vela's talented team in delivering exceptional service to its brokers and clients. We are fortunate to have Shadi leading Vela going forward.”
Mr. Albert joined Berkley as president of Berkley Luxury Group in 2023, after serving as the executive vice president of strategy and business development in a key division at another large U.S. insurance group. He has a track...
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07.07.25 - 21:36
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11 Analysts Have This To Say About WR Berkley (Benzinga)
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Latest Ratings for WRB
DateFirmActionFromTo Dec 2021Evercore ISI GroupInitiates Coverage OnOutperform Dec 2021Truist SecuritiesInitiates Coverage OnBuy Oct 2021RBC CapitalMaintainsOutperform
View More Analyst Ratings for WRB
View the Latest Analyst Ratings
read more...
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04.07.25 - 00:12
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AM Best Affirms Credit Ratings of Berkley International Seguros México S.A. (Business Wire)
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MEXICO CITY--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior), the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) and the Mexico National Scale Rating (NSR) of “aaa.MX” (Exceptional) of Berkley International Seguros México S.A. (BISM) (Mexico City, Mexico). The outlook of the Long-Term ICR is positive while the outlooks of the FSR and NSR are stable.
BISM is a member of W. R. Berkley Insurance Group (Berkley Group), which on a consolidated basis has a balance sheet strength that AM Best assesses at the strongest level, as well as strong operating performance, a favorable business profile and appropriate enterprise risk management (ERM).
The positive outlook for the Long-Term ICR reflects the Berkley Group's favorable operating performance and balance sheet metrics. Berkley Group has grown its GAAP surplus organically over the most recent 10-year period. Additionally, Berkley Group has improved its financial leverage.
These...
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03.07.25 - 23:33
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AM Best Affirms Credit Ratings of W. R. Berkley Corporation and Its Subsidiaries (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of W. R. Berkley Corporation (W. R. Berkley) (Greenwich, CT) [NYSE: WRB] and all associated Long-Term Issue Ratings (Long-Term IRs) and indicative Long-Term IRs for securities issued by W. R. Berkley. At the same time, AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Berkley Insurance Company (Wilmington, DE) and its reinsured subsidiaries and affiliates, collectively referred to as W. R. Berkley Insurance Group (Berkley Group). AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of Berkley Life and Health Insurance Company (Berkley Life and Health) (Urbandale, IA). The outlook of the FSR is stable while the outlook of the Long-Term ICR is positive. (See below for a detailed list of the companies and ratings.)
The positive outlook for the Long-Term I...
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01.07.25 - 15:06
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Syntis Bio Closes $38 Million Financing to Accelerate Oral Therapies for Obesity and Rare Diseases (Business Wire)
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Oversubscribed Series A financing led by Cerberus Ventures, with participation from multiple new and existing investors, totals $33 million
Syntis also awarded up to $5 million in non-dilutive grants from NIH
Capital supports SYNT™ platform advancement, including lead SYNT-101 obesity program and SYNT-202 for rare pediatric disorder homocystinuria
Chenny Zhang of Cerberus Ventures and Michael Nannizzi of W. R. Berkley join Board of DirectorsBOSTON--(BUSINESS WIRE)--Syntis Bio, Inc. (Syntis), a clinical-stage biopharmaceutical company revolutionizing oral therapies for obesity, diabetes and rare diseases, announced today the close of a $33 million oversubscribed Series A financing. Cerberus Ventures led the round, with participation from new investors Mansueto Investments, Woori Venture Partners and Apollo Labs. Founding investors BOLD Capital Partners, W. R. Berkley Corporation, Safar Partners, Portal Innovations, Colorcon Ventures and Cerity Partners Ventures also participated. Syntis has also secured ...
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24.06.25 - 15:06
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W. R. Berkley Corporation to Announce Second Quarter 2025 Earnings on July 21, 2025 (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) will release its second quarter 2025 earnings after the market closes on Monday, July 21, 2025. A copy of the earnings release will be available on the Company's website at www.berkley.com.
The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Monday, July 21, 2025 at 5:00 p.m. eastern time. A live audio webcast of the conference call may be accessed via the Company's website at www. berkley.com. Please log on early to register. A replay of the webcast will be available on the Company's website approximately two hours after the end of the call.
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. Contacts
Karen A. Horvath
Vice Presid...
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11.06.25 - 22:24
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W. R. Berkley Corporation Declares Special Dividend and Increases Regular Quarterly Cash Dividend 12.5% (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on June 30, 2025 to stockholders of record at the close of business on June 23, 2025.
In addition, its Board of Directors has voted to increase the regular cash dividend to an annual rate of 36 cents per share, representing a 12.5% increase from the present rate. The first regular quarterly dividend at the new rate of 9 cents per share will be paid on June 30, 2025 to stockholders of record at the close of business on June 23, 2025.
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 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. Contacts
Karen A. Horvath...
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