Daily Market Updates: W.R. Berkley projects reinsurance contraction of up to 20% amid ‘challenging’ market conditions

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W.R. Berkley projects reinsurance contraction of up to 20% amid ‘challenging’ market conditions

Reported · Written up by our desk · Health Insurance

W.R. Berkley Corporation is bracing for a continued pullback in its assumed reinsurance operations, warning that deteriorating market conditions across both casualty and property lines will likely drive a double-digit contraction in segment volume over the foreseeable future. Speaking during the group’s quarterly earnings call, President and Chief Executive Officer W. Robert Berkley Jr. noted […] The post W.R. Berkley projects reinsurance contraction of up to 20% amid ‘challenging’ market conditions appeared first on ReinsuranceNe.ws .

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Reinsurance NewsW.R. Berkley projects reinsurance contraction of up to 20% amid ‘challenging’ market conditions

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W.R. Berkley projects reinsurance contraction of up to 20% amid ‘challenging’ market conditions

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