WR Berkley falls to reinsurance underwriting loss

WR Berkley's reinsurance division slipped to an underwriting
loss in the first quarter as a $30mn reserve charge took its toll
on the segment's combined ratio.
The New York-listed carrier's operating earnings per share
were in line with the Wall Street consensus at $0.70 per share,
according to Janney analyst Larry Greenberg, as the net result came
in broadly flat.
Late last month, the carrier revealed that its results for the
first three months of the year would take a...