- W. R. Berkley posted second quarter earnings that included very good underwriting performance, including strong premium growth, but where most of the upside came from the investment portfolio.
- Specialty markets remain very hard, with W. R. Berkley reaping another quarter of double-digit rate increases and continuing to write in excess of price as others back away from specialty insurance.
- It's hard to argue with the quality of W. R. Berkley's management and business, and this remains a buy-and-forget candidate, but the valuation remains robust.
For further details see:
W. R. Berkley Reaping A Red-Hot P&C Market