Gold prices steady ahead of Fed decision, Trump’s tariff deadline
Investing.com -- Shares of W.R. Berkley, the insurance holding company based in Greenwich, Conn., saw an uptick in premarket trading on Friday.
This followed the announcement that Mitsui Sumitomo Insurance, a unit of MS&AD Insurance Group from Japan, is planning to acquire a 15% stake in the company.
The stake acquisition will be carried out either through open-market purchases or private transactions.
However, it was clarified that the Berkley family, who are the founders of W.R. Berkley, will not be selling any of their shares to Mitsui Sumitomo.
In addition to the stake acquisition, Mitsui Sumitomo has also entered into a voting arrangement with the Berkley family.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.