WR Berkley completes Beckenridge division sale
WR Berkley Corporation has sold its property and casualty services division of Breckenridge IS. The company estimates it will receive a pre-tax net realised gain on investment of US$800 million on the sale in the second quarter of 2023.
Founded in 1967, WR Berkley Corporation is a Connecticut-based insurance holding company operating worldwide in two segments of the property casualty insurance business, reinsurance and monoline excess.
This follows the appointment of John Termini as president of Berkley Specialty Excess last week.
