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W. R. Berkley Unit Initiates Facultative Property Coverage

Berkley Re UK Limited, a business unit of W. R. Berkley CorporationWRB has established a global facultative property capability unit in London. This new unit will provide global clients their long-awaited coverage, thereby helping them manage their risks efficiently in growth areas or emerging markets.

The new global property facultative capability is designed to provide prompt services to insurers and brokers across the globe. The unit will analyze the level of exposures and thereafter provide effective solutions to suit their specific requirements. Additionally, the unit will provide feedback on business continuity plans, risk management procedures and estimated losses.

The new global facultative property capability will enrich W. R. Berkley's treaty portfolios. The company is expected to drive growth through this custom- made coverage with their expertise in risk-specific and client focused approach for making valuable contributions to the clients' risk management strategies.

W. R. Berkley invests in the startup units as a unique means of driving business growth. In 2006, when the soft market cycle started, the company started 24 new units to take advantage of the eventual market turn. With these units growing steadily and established businesses no longer losing volume, overall growth is visible. Consistent expansion places the company well to benefit from improving market conditions.

Zacks Rank and Stocks to Consider

W. R. Berkley presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the property and casualty insurance space are Federated National Holding Co. FNHC , Hallmark Financial Services Inc. HALL and PartnerRe Ltd. PRE . All these stocks sport a Zacks Rank #1 (Strong Buy).

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BERKLEY (WR) CP (WRB): Free Stock Analysis Report

PARTNERRE LTD (PRE): Free Stock Analysis Report

HALLMARK FINL (HALL): Free Stock Analysis Report

FEDERATED NATL (FNHC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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