The W.R. Berkley Corporation reported third-quarter net income rose 42 percent, driven by a sharp rise in net investment income and a combined ratio of 88.
The Greenwich, Conn.-based property-casualty insurer reported net income for the third quarter of $142 million, compared with $123 million for the 2005 period.
Net investment income grew 36 percent to $146 million, while net premiums increased 7 percent to $1.2 billion.
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