Both Greenwich, Conn.-based W.R. Berkley Corp. and Bermuda-based PartnerRe reported increased third-quarter net income last night, but executives of the two companies gave slightly different views of the reinsurance market this morning.
While both said market conditions are becoming more competitive, they differed in their view of the behaviors of buyers in comments delivered on early morning conference calls.
William R. Berkley, chairman and chief executive officer of W.R. Berkley, reported net income of $180 million, or 93 cents per share for the quarter, a 3.5 percent jump from last year's third quarter.
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