WR Berkley profits up sharply

WR Berkley reported third-quarter net income of $261.3m, up 72.3% from the year-earlier period.

The US-based insurer said net premiums written in the quarter rose 23.7% to $2.33bn.

The combined ratio for the period improved to 90.4% from 93.7% in last year’s Q3.

“By virtually every measure”...

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