"This is a marathon business, not a sprint."
That is how William R. Berkley, chairman and chief executive officer of W.R. Berkley Corporation, explains the patience that he and the rest of the management team have exercised through a period of 15 quarters when the specialty insurance organization reported no growth on the top line of its financial statements.
During the second-quarter of 2010, gross written premiums finally rose 5.6 percent at the Greenwich, Conn.-based firm--a jump mainly attributable to 21 startup operations the firm launched in the past five years. The startups contributed $50 million--more than offsetting market-driven declines in existing business for the first time in two years.
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