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.
The 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.
Was this article valuable?
Here are more articles you may enjoy.
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
Study Suggests Federal Action to Realize Insurance Savings 
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
AIG Underwriting Income More Than Triples in Q1 
