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W.R. Berkley Corp. chairman and CEO William R. Berkley says he is "very pleased" with the market direction, and adds that while it's not the hardest market ever, opportunities for profitability are out there

W.R. Berkley Corp. says it expects between $40 million and $50 million in pretax losses from Superstorm Sandy.

William R. Berkley says reserve deficiencies are driving the need for the market to increase ratesand that for some companies, the ability to take corrective actions will decrease.

The U.S. insurer W.R. Berkley is planning a 40-story skyscraper in London's main financial district, underlining the importance of the industry to an area once dominated by banking.

Greenwich, Conn.-based insurer W.R. Berkley Corp. says it has received approval by the U.K. Financial Services Authority and Lloyds of London for W. R. Berkley Syndicate Management Ltd. to act as a Lloyds managing agent.

Legislators and industry leaders comment on the 60-day NFIP extension, a new bill to bar insurance policies from covering executives found liable for actions harming their companies, Facebook's IPO, and more.

With 2012s first quarter in the books, executives and industry observers have noted that property and casualty pricing remains on the upswing. Following are observations from industry leaders made during conference calls and in recent analyses in response to 2012 first-quarter results.

Nationwide Merges with Harleysville Mutual, Tower Group Invests $75 Million in Bermuda, and InVEST Raises $65,000 in Scholarship Funds