W. R. Berkley Corporation announced that during the first quarter of 2002 it contributed an additional $50 million of capital to Berkley Insurance Company, the lead insurance company of the Berkley Group.
“This capital contribution is in addition to $44 million of capital contributed to Berkley Insurance Company in the fourth quarter of 2001. These capital contributions increase Berkley Insurance Company’s statutory policyholders’ surplus to approximately $700 million, providing support for its insurance and assumed reinsurance businesses,” said the announcement.
Was this article valuable?
Here are more articles you may enjoy.
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
NAIC Victim of Cyber Incident Via PeopleSoft System 
Trouble at Surfside Began Weeks Before Deadly Condo Collapse, Final Report Finds 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
