W.R. Berkley Corp. achieved average rate increases of 6.5 percent on renewed policies during the second quarter and its CEO says nothing stands in the way of more increases throughout the rest of 2013.
“We don't think pricing momentum has changed or gone down,” says William R. Berkley (pictured), chairman and CEO, during a quarterly conference call on earnings. “We don't see any changing in pricing momentum at this point in time.”
W.R. Berkley reports second-quarter income of about $166 million compared to about $109 million a year ago. The corporation's combined ratio for the period was 96.6, compared to 98.2 in 2012.
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