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GREENWICH, Conn. - W. R. Berkley Corporation (NYSE:WRB), a $26.7 billion market cap insurer with an "GREAT" financial health rating according to InvestingPro, announced Tuesday the formation of Berkley Edge, a new business focused on providing professional liability and casualty insurance for small to mid-sized businesses with challenging risk profiles.
The new unit will specialize in hard-to-place and distressed risks, offering coverage exclusively through wholesale brokers. Jamie Secor has been appointed president of Berkley Edge, bringing 25 years of industry experience to the role. She most recently served as chief underwriting officer at a specialty lines property and casualty insurance company.
"We are deepening our commitment to the excess and surplus lines market by creating a sustainable platform tailored to small and mid-sized businesses with particularly challenging risk profiles," said W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation.
The company indicated that demand for professional liability and casualty solutions in this segment continues to grow, and Berkley Edge aims to deliver targeted coverage with service focused on these specific market needs.
Founded in 1967, W. R. Berkley Corporation is among the largest commercial lines writers in the United States, operating worldwide in two segments: Insurance and Reinsurance & Monoline Excess.
The information in this article is based on a press release statement from W. R. Berkley Corporation.
In other recent news, W.R. Berkley Corporation reported its second-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $1.05, slightly above the forecast of $1.03. The company’s revenue aligned with projections at $3.1 billion, setting a record for net premiums earned. Despite these positive earnings results, Keefe, Bruyette & Woods lowered its price target for W.R. Berkley to $72.00 from $74.00. The firm maintained a Market Perform rating on the insurance company’s stock. This adjustment followed the company’s recent quarterly results, which, although positive, highlighted some challenges, such as competitive pressures in the property market. These developments are crucial for investors to consider as they evaluate the company’s financial performance and future prospects.
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